The rapid growth in index funds and significant consolidation in the asset-management
industry over the past few decades has led to higher levels of common ownership and …

We present a mechanism based on managerial incentives through which common
ownership affects product market outcomes. Firm-level variation in common ownership …

A growing number of studies suggest that common ownership caused cooperation among
firms to increase and competition to decrease. We take a closer look at four approaches …

A new and urgently needed guide to making the American economy more competitive at a
time when tech giants have amassed vast market power. The US economy is growing less …

We investigate the relation between common institutional ownership of the firms in an
industry and product market competition. We find that common ownership is neither robustly …

This chapter examines recent developments in economic research relating to antitrust,
paying specific attention to research in the areas of collusion and merger enforcement …

We study the welfare implications of the rise of common ownership in the United States from
1995 to 2021. We build a general equilibrium model with a hedonic demand system in …

We test if an increase in common ownership changes future expected profits with an event
study method. We collect instances of a stock entering the S&P 500 index and identify its …

How does common ownership affect innovation? We study this question using project-level
data on pharmaceutical startups and their venture capital (VC) investors. We find that …

Common ownership-where two firms are at least partially owned by the same investor-and
its impact on product market outcomes has recently drawn a lot of attention from scholars …