Faculty News
Professor Thomas Philippon offers insights from his research on market competition in the US and Europe, from his forthcoming book, "The Great Reversal"
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Excerpt from The Wall Street Journal -- "A growing mountain of research has focused on corporate concentration in the U.S. Mr. Philippon reviews much of this evidence and concludes competition has indeed declined to the detriment of consumers. His novel contribution, though, is to contrast this with the experience of Europe. Indeed, he was inspired by a mundane question many European visitors ask: 'Why on earth are U.S. cellphone plans so expensive?'"
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