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Semih Uslu

Semih Uslu is an associate professor of finance at Johns Hopkins Carey Business School. His research focuses on market structure and pricing, search theory, and finance theory. His work has been published in leading academic journals, including Econometrica, the Review of Economic Studies, the Journal of Financial Economics, and Management Science. He received his PhD in Economics from the University of California, Los Angeles in 2016 and has held visiting positions at the Federal Reserve Bank of St. Louis and the Bank for International Settlements.
Antitrust and Competition

Firm Coordination Creates Unstable Merger Waves 

Semih Uslu
In new research, Semih Üslü and Flavien Moreau argue that waves of mergers and acquisition, which are typically unstable and ultimately crash, are not driven by changes in economic conditions, but by self-reinforcing appetite for mergers among firms when others are also engaging in M&A. Policies that drive stable, low-merger conditions can lead to better outcomes for consumers.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.