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.
Josh Sherman rejoins CRA's Antitrust & Competition Practice
“We are thrilled to welcome Josh back to our team,” said Paul Maleh, President and Chief Executive Officer of Charles River Associates. “Josh’s deep expertise...