id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
blj-723	Nir, Gonny	Antitrust: What is it Good For? The Story of a Failed Merger Between Penguin Random House and Simon & Schuster and its Implications for the Labor Market	2023	30	.pdf	application/pdf	9186	293	45	Yet, in the market for books whose advancements are below the $250,000 threshold, the Big Five only hold 45 percent of the market share.68 Such a difference between market share among the Big Five and mid-to-small sized publishing houses, alongside the common practice among publishers, that books which do receive advances at or above the threshold require the approval from senior members of the house, signal the probable existence of a submarket.69 In rebuttal, the defendants argued that defining a submarket by the price certain books garner for advances is 69 United States v. Bertelsmann SE & CO. KGaA, Penguin Random House, LLC, ViacomCBS, INC., and Simon & Schuster, INC., 28. This article examines the threat that monopsonies present in labor markets; it argues that a shift in antitrust enforcers’ focus from the sell side of a market to its buy side can bolster economic output and empower the labor force. I.	cache/blj-723.pdf	txt/blj-723.txt