In the December 2014 issue of The Antitrust Source, John Woodbury comments on a working paper co-authored by two CRA economists, José Azar and Isabel Tecu (as well as Martin Schmalz) that examines the effect institutional investors may have on softening competition downstream. To read the article, click the link below.
Assessing umbrella pricing incentives
When collusive agreements involve a subset of firms in an industry, they may create the incentive and ability for firms that are not participants in the cartel...