The rise of passive investors increases #commonownership incentives which are linked to higher #markups. Wonderful paper by @abanalestanol, #JoSeldeslachts, and #XavierVives providing new theory and empirical evidence.
Link: https://bit.ly/3AqpZbM
#antitrust #DIW @industrialorganization
#commonownership #markups #joseldeslachts #xaviervives #antitrust #diw