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Common Ownership by Institutional Investors: Beware Antitrust Overreach

The antitrust industry never sleeps – it is always hard at work seeking new business practices to scrutinize, eagerly latching on to any novel theory of anticompetitive harm that holds out the prospect of future investigations.  In so doing, antitrust entrepreneurs choose, of course, to ignore Nobel Laureate Ronald Coase’s warning that “[i]f an economist finds something . . .
Danielp Obrien Ronald Coase Bates White Keith Waehrer European Commission Nobel Laureate

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