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.
How capacity constraints shape unilateral price effects in horizontal mergers
Examples include hospitals with a fixed number of beds, and hotels with a fixed number of rooms. In the article “Unilateral Price Effects in Horizontal...