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.
Antitrust Economics for Lawyers 2026
Designed for antitrust practitioners without requiring an economics background, the book explains complex concepts in an accessible but rigorous way, pairing...