Episode
Ep. 510 Brian Albrecht Shows a Flaw in the "Waterbed" Critique of Market Power
- Podcast
- Bob Murphy Show
- Published
- Jun 7, 2026
- Duration seconds
- 3651
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/bob-murphy-show-550403/episodes/ep-510-brian-albrecht-shows-a-flaw-in-the-waterbed-critique-of-market-power/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/bob-murphy-show-550403/ep-510-brian-albrecht-shows-a-flaw-in-the-waterbed-critique-of-market-power.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Economist Brian Albrecht explains his discovery of a surprising--but critical--missing link in a popular argument against market power. Specifically, Brian shows that the standard work in this literature doesn't even allow consumer harm as a possibility of firms merging.