Horizontal shareholding exists when a common set of institutional investors own significant shareholdings in horizontal competitors in an industry. This phenomenon is particularly common in concentrated industries. Economic theory suggests that horizontal shareholding can have an anti-competitive effect on the industry by reducing the incentives of horizontal competitors to compete with each other. Recent empirical research has demonstrated that horizontal shareholding in the US airlines and banking industries has indeed resulted in higher prices, while others are raising doubts about this research. This panel brings together two sides of this debate and will provide a Canadian legal perspective. Isabel Tecu is a panelist during this webinar.
IP Literature Watch: January 2021
In this issue of IP Literature Watch we include a paper that explores how the Computer Fraud and Abuse Act has become a favorite legal tool for dominant firms...