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Ep. 510 Brian Albrecht Shows a Flaw in the "Waterbed" Critique of Market Power
Episode Ep 510 1 hr 0 min

Ep. 510 Brian Albrecht Shows a Flaw in the "Waterbed" Critique of Market Power

From Bob Murphy Show Robert Murphy
Economist Brian Albrecht explains his discovery of a surprising--but critical--missing link in a popular argument against market power. Specifically, Brian shows that the standard work in this literature doesn't even allow consumer harm as a possibility of firms merging.

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