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
Competition economist. DIW Berlin, TU Berlin, BSE & BCCP. Commissioner Germany Monopolies Commission.
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