Gabriel A. Lozada is an associate professor of economics at the University of Utah, where he teaches courses in microeconomic theory, natural resource economics, and environmental economics. He grew up in Baton Rouge, Louisiana and attended Louisiana State University, where he received a BA in 福利导航s and a BS in Physics. He then attended Stanford University, receiving there an MA in 福利导航s, an MS in Engineering-福利导航 Systems, and a Ph.D. in 福利导航s. His areas of research mostly include ecological economics and economic models of sustainability, both environmental sustainability and sustainable investment and consumption paths during an individual鈥檚 life cycle. He has also modeled the financing burdens imposed by large proposed water development projects in Utah.
Gabriel Lozada
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Postscript: A Further Look at ProMarket鈥檚 福利导航s
ProMarket鈥檚 new 鈥淎ddendum to Retraction,鈥� written it appears in response to our recent INET post, doubles down on its critique of our piece which showed that it is feasible for increased output to lead to reduced welfare. The ProMarket addendum is notable for its economic errors.*
The Mythology of Horizontal Merger Efficiencies
Economists had to distort economic theory to fashion their merger 鈥渆fficiency鈥� arguments
The Horizontal Merger Efficiency Fallacy
By permitting business definitions of 鈥渆fficiency鈥� to leak over into the antitrust lexicon, antitrust scholars have done a great disservice
Now You See It, Now You Don鈥檛: Antitrust Arguments 鈥淐hicago Style鈥�
ProMarket and the Consumer Welfare Standard An output increase is not sufficient to increase welfare. Allocation—how goods are distributed—matters.