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.
The Media Show - Reporting on the Abuse of Power
Philip Marsden discusses some of the ramifications of the UK Government’s approach to Digital Regulation, ahead of the Queen’s Speech this week. For more...