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Vertical Integration and the Market Power Crisis

Vertical Integration and the Market Power Crisis

by Adil Abdela , Kristina Karlsson , Marshall Steinbaum / Monday, 29 April 2019 / Published in Brief, Publications

The US economy suffers from a market power problem that has invaded many sectors, including health care, telecommunications, and technology. As firms become more powerful, they are able to profit by taking advantage of other economic stakeholders rather than growing the overall economic pie. Competition as America once knew it—firms working to provide better goods and services at lower prices in order to win over customers—is increasingly a thing of the past. Instead, corporations today attempt to secure such large stakes in their given market, and to exclude potential entry, so that they do not need to compete. This objective is made evident by a wave of mergers and acquisitions, which have largely gone unchecked by enforcers.

In “Vertical Integration and the Market Power Crisis,” Adil Abdela, Kris Karlsson, and Marshall Steinbaum explore vertical integration, or vertical mergers between firms at different stages of the supply chain. They define vertical integration and explore its threat, revisit historical enforcement trends that set the stage for our current market power crisis, and provide guidance as to how antitrust legislation must change going forward.


Read the full brief here.

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Tagged under: Antitrust, Corporate Power, inequality, market power, Monopoly
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Authors

  • Author
    Adil Abdela

    Adil Abdela is a former Research Associate at the Roosevelt Institute.

  • Co-Author
    Kristina Karlsson

    Kris Karlsson is a Senior Associate/Research Assistant at the Roosevelt Institute, where she provides operational and research support to the Think Tank. Kris assists with research and projects on a wide variety of topics, including antitrust, financialization, corporate governance, and employee ownership, fiscal policy and financing climate mobilization.

  • Co-Author
    Marshall Steinbaum

    Marshall Steinbaum is a former fellow at the Roosevelt Institute, where he researched market power and inequality.

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ISSUE AREA

  • Corporate Power
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  • Democratic Accountability
  • Higher Education
  • Re:Public Project
  • Financialization of Higher Education
  • Forge Fellowship
  • 10 Ideas

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