Recent Studies on Common Ownership, Firm Behavior, and Market Outcomes
| Autor: | Martin C. Schmalz |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Economics and Econometrics
Corporate governance Structural estimation 05 social sciences Control (management) Common ownership Bottleneck Competition (economics) Incentive Market economy Work (electrical) 0502 economics and business Business 050207 economics Law Industrial organization 050205 econometrics |
| Zdroj: | The Antitrust Bulletin. 66:12-38 |
| ISSN: | 1930-7969 0003-603X |
| Popis: | The literature on competitive effects of common ownership has grown at a fast rate in the past two years. Anticompetitive effects have been confirmed with alternative reduced-form and structural estimation methods, in different industries, geographies, and jurisdictions. Multiple independent studies have disproven early critiques of the literature. Other papers document the heterogeneity of common ownership effects on competition across markets and industries. Important advances were made on the study of the economic mechanisms and governance channels that implement anti-competitive incentives. New theory refines the interpretation of existing empirical work. Access to high-quality ownership and product-market data remains a bottleneck for meaningful research in the area. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|