Written by Peter H. Swan, Ph.D. The railroad industry is in crisis. Many people outside and inside the industry are quick to blame its current state on Precision Scheduled Railroading (PSR) and Wall ...

Monopolistic competition features many businesses offering similar, differentiated products. This market structure benefits both consumers with varied choices and businesses via low entry barriers.

My most recent article failed to fully explain my idea of the contribution of financial futures to the evolution of financial market structure. It is easy to misinterpret that article as an argument ...

There is no doubt that the bipartisan passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) by the House is a monumental development for the U.S. crypto industry, ...

Senator Elizabeth Warren (D-MA), the Ranking Member of the Senate Banking Committee, recently issued a statement and analysis of the draft Republican market structure bill asking for major fixes. The ...

The U.S. Senate Banking Committee will not have any markup hearings on market structure legislation defining how federal regulators can oversee the industry until next year, punting on a hoped-for ...