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ownership relationship but without these negative efficiency effects. …
Persistent link: https://www.econbiz.de/10010296367
involved in the ownership relationship but without these negative efficiency effects. …
Persistent link: https://www.econbiz.de/10010261198
Persistent link: https://www.econbiz.de/10003336194
ownership relationship but without these negative efficiency effects. …
Persistent link: https://www.econbiz.de/10003019274
involved in the ownership relationship but without these negative efficiency effects. …
Persistent link: https://www.econbiz.de/10002856729
Persistent link: https://www.econbiz.de/10002889675
ownership relationship but without these negative efficiency effects. …
Persistent link: https://www.econbiz.de/10008533529
the effects of ownership networks on prices and efficiency in product markets. We document prevalent identical bidding … model of first-price auctions show the removal of ownership network effects can improve a contractor's cost efficiency by … more than it reduces contract price, highlighting how ownership networks hinder competition …
Persistent link: https://www.econbiz.de/10012850693
We investigate patterns in common ownership networks between firms that are active in the US pharmaceutical industry for the period 2004-2014. Our main findings are that "brand firms" - i.e. firms that have R&D capabilities and launch new drugs - exhibit relatively dense common ownership...
Persistent link: https://www.econbiz.de/10012384544
Institutional investors often own significant equity in firms that compete in the same product market. These "common owners" may have an incentive to coordinate the actions of firms that would otherwise be competing rivals, leading to anti-competitive pricing. This paper uses data on airline...
Persistent link: https://www.econbiz.de/10012025797