Anti-Competitive Effects of Common Ownership

Anti-Competitive Effects of Common Ownership

Isabel Tecu
Antitrust & Competition

José Azar and Isabel Tecu, with Martin C. Schmalz, wrote a paper entitled "Anti-Competitive Effects of Common Ownership." In this paper, using the airline industry as a laboratory, the authors provide evidence that common ownership by large diversified institutional investors has adverse effects on product market competition. 

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