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Oligopoly, macroeconomic performance, and competition policy
Azar, José; Vives, Xavier - 2018
concentration (which accounts for overlapping ownership) leads to declines in employment, real wages, and the labor share. Moreover …, if the goal is to foster employment then (i) controlling common ownership and reducing concentration are complements and … pecuniary externality, an increase in common ownership can stimulate the economy when the elasticity of labor supply is high …
Persistent link: https://www.econbiz.de/10011891742
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Oligopoly, Macroeconomic Performance, and Competition Policy
Azar, José - 2018
concentration (which accounts for overlapping ownership) leads to declines in employment, real wages, and the labor share. Moreover …, if the goal is to foster employment then (i) controlling common ownership and reducing concentration are complements and … pecuniary externality, an increase in common ownership can stimulate the economy when the elasticity of labor supply is high …
Persistent link: https://www.econbiz.de/10012908792
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Oligopoly, Macroeconomic Performance, and Competition Policy
Azar, José - 2018
concentration (which accounts for overlapping ownership) leads to declines in employment, real wages, and the labor share. Moreover …, if the goal is to foster employment then (i) controlling common ownership and reducing concentration are complements and … pecuniary externality, an increase in common ownership can stimulate the economy when the elasticity of labor supply is high …
Persistent link: https://www.econbiz.de/10012919545
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General equilibrium oligopoly and ownership structure
Vives, Xavier; Azar, José - 2020
Persistent link: https://www.econbiz.de/10012384574
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Varieties and Mechanisms of Common Ownership : A Calibration Exercise for Competition Policy
Tzanaki, Anna - 2021
studies, however, draw attention to a new, thought provoking theory of harm: common ownership by institutional investors … the common ownership debate to merger control and explores: i) the aims and scope of legal control as regards partial … distinction between “concentrated” and “diffuse” common ownership, it sheds light on the different supporting mechanisms and …
Persistent link: https://www.econbiz.de/10013241599
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How horizontal shareholding harms our economy : and why antitrust law can fix it
Elhauge, Einer - 2018
Empirical evidence that horizontal shareholding has created anticompetitive effects in airline and banking markets have produced calls for antitrust enforcement. In response, others have critiqued the airline and banking studies and argued that antitrust law cannot tackle any anticompetitive...
Persistent link: https://www.econbiz.de/10011972909
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Active and Passive Institutional Investors and New Antitrust Challenges : Is EU Competition Law Ready?
Corradi, Marco Claudio - 2017
funds. New economic research suggests that common ownership of competing industrial firms by large institutional investors … complex issues surrounding common ownership by institutional investors, and suggest a holistic approach that brings together …
Persistent link: https://www.econbiz.de/10012952957
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Antitrust and Trademark Settlements
Hemphill, C. Scott; Hovenkamp, Erik - 2022
In today’s digital economy, online competitive advertising plays a central role in informing consumers about low prices and other desirable product features. Accordingly, rivals have a strong incentive and opportunity to place anticompetitive limits on the flow of information. They do so by...
Persistent link: https://www.econbiz.de/10013306227
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Antitrust Conversations with Nobel Laureates
Schrepel, Thibault - 2019
This publication features conversations on antitrust law with Nobel Prize laureates in Economics and aims at understanding how useful their work could be to antitrust law. Given the rigor and importance of their body of work, antitrust scholars, lawyers, officials, and anyone who's interested in...
Persistent link: https://www.econbiz.de/10012899896
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Chapter 15 Antitrust
Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495