Public event/Education

Do giant firms undermine competition and social welfare? (webcast)

Nov
23
05:00 PM - 06:00 PM

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Competition and social welfare

In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising. Economist Jan Eeckhout showed how this is due to a small number of companies taking advantage of new technologies to charge ever-higher prices. The consequences are already immense, from excessive prices to fewer emerging companies that can compete, to rising wage inequality for most workers.

A provocative investigation into how market power hurts average working people, Eeckhout also offered concrete solutions on how to solve the problem and restore a healthy economy.

This was a public event with free access via livestream on our website.

This session was presented in association with the Centre for Economic Policy Research (CEPR).

In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising. Economist Jan Eeckhout showed how this is due to a small number of companies taking advantage of new technologies to charge ever-higher prices. The consequences are already immense, from excessive prices to fewer emerging companies that can compete, to rising wage inequality for most workers.

A provocative investigation into how market power hurts average working people, Eeckhout also offered concrete solutions on how to solve the problem and restore a healthy economy.

Jan Eeckhout is ICREA professor of Economics at UPF Barcelona
Jan Eeckhout is ICREA professor of Economics at UPF Barcelona

Speaker

ICREA professor of Economics at UPF Barcelona
Prof. Jan Eeckhout

Jan Eeckhout is ICREA professor of Economics at UPF Barcelona. He is the author of the book ‘The Pofit Paradox.’ He studies the macroeconomic implications of market power, and the economics of work. His research has featured in the media, including The Economist, WSJ, FT, NYT and Bloomberg.
He has been tenured professor at the UPenn and UCL and has been Louis Simpson Visiting Professor at Princeton. He is fellow of the Econometric Society, EEA and Academia Europaea. He received his PhD from LSE.

ICREA professor of Economics at UPF Barcelona
Prof. Jan Eeckhout

Jan Eeckhout is ICREA professor of Economics at UPF Barcelona. He is the author of the book ‘The Pofit Paradox.’ He studies the macroeconomic implications of market power, and the economics of work. His research has featured in the media, including The Economist, WSJ, FT, NYT and Bloomberg.
He has been tenured professor at the UPenn and UCL and has been Louis Simpson Visiting Professor at Princeton. He is fellow of the Econometric Society, EEA and Academia Europaea. He received his PhD from LSE.