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Is It Time to Break Up Big Ag?

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Professor John Kwoka's research on the price effects of mergers is cited in the The New Yorker.

Renewed attention to antitrust has been focussed on Big Tech, but concentration in agriculture may be an underlying source of rural America’s pro-Trump political backlash.

John Kwoka found that, as a result of thirty-eight of [forty-six mergers approved by the federal government], prices for consumers rose by more than ten per cent on average, an empirical rebuke to the contention of Robert Bork that mergers are either neutral or enhance efficiency, and thus benefit consumers. 

By Dan Kaufman, The New Yorker, August 17, 2021

Link to The New Yorker article

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Thomas Barnay is guest editor of Revue économique


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