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.
EDM: Merger specificity or alternative reality
In this article published in the December 2021 issue of the ABA Antitrust Magazine Online, Gopal Das Varma addresses two questions related to the pricing...