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.
CRA Insights: Blockchain & Crypto
Blockchain technologies are disrupting established industries as well as creating new ones. CRA’s experts bring the rigor of their expertise and credentials to...