consolidation

Beefing Up Merger Enforcement by Banning Merger Remedies

The unraveling of the T-Mobile/Sprint remedy continues a trend of failed merger consent decrees. One solution, proposed by two antitrust scholars, is...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...

More Than 20 Years of Consolidation Have Led to a Dysfunctional Health Care Market

The US health care system is based on markets, which do not function as well as they could, or should. Prices are...

How Alliances Carriers Established a Permanent Cartel

American carriers faced the post 9/11 demand shock, while the European intercontinental flag carriers were facing increased competition in the Middle East...

Why Consolidation Undermined the Airline Industry’s Ability to Recover from the Coronavirus Crisis

A major factor contributing to the industry’s struggles during the current crisis was the loss of resiliency due to the consolidation...

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Antitrust and Competition

Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Christian Fons-Rosen, Pau Roldan-Blanco, Tom Schmitz

Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote...

ESG & Corporate Governance

History Shows that Voluntary ESG Standards Lead to a More Focused ESG Disclosure

Ethan Rouen, Kunal Sachdeva, Aaron Yoon

In recent years, ESG reports have become more common for publicly traded companies. However, critics have found the information they provide to...

Regulation

Letters that Matter: How Interest Groups Shape Financial Legislation

Renée Adams, Thomas Mosk

Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call?...

Labor

Are There Really Gender Pay Differences in the CEO Labor Market?

Massimiliano Tani, Keiran Sharpe, Andrew Valentine

The gender pay gap is a well-documented phenomenon in global labor markets, but this gap does not seem to apply to the...

Monetary Policy

How Many Banks Are at Risk of Insolvency Right Now?

Amit Seru, Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski

Given the recent banking turmoil and failure of SVB and Signature and issues in First Republic, it is important to understand the...