Search Results - "Azar, José"
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Anticompetitive Effects of Common Ownership
Published in The Journal of finance (New York) (01-08-2018)“…Many natural competitors are jointly held by a small set of large institutional investors. In the U.S. airline industry, taking common ownership into account…”
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Can Changes in the Cost of Carry Explain the Dynamics of Corporate "Cash" Holdings?
Published in The Review of financial studies (01-08-2016)“…Firms until recently were effectively constrained to hold liquid assets in non-interest-bearing accounts. As a result, the cost of capital of firms'…”
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GENERAL EQUILIBRIUM OLIGOPOLY AND OWNERSHIP STRUCTURE
Published in Econometrica (01-05-2021)“…We develop a tractable general equilibrium framework in which firms are large and have market power with respect to both products and labor, and in which a…”
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The Big Three and corporate carbon emissions around the world
Published in Journal of financial economics (01-11-2021)“…This paper examines the role of the “Big Three” (i.e., BlackRock, Vanguard, and State Street Global Advisors) on the reduction of corporate carbon emissions…”
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Concentration in US labor markets: Evidence from online vacancy data
Published in Labour economics (01-10-2020)“…•This paper estimates employer concentration in labor markets for the entire US.•It uses a database of online job vacancies from Burning Glass…”
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The Common Ownership Trilemma
Published in The University of Chicago law review (01-03-2020)“…This Essay argues that it is impossible to achieve the following objectives simultaneously: (i) portfolio diversification, (ii) shareholder representation, and…”
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Common Shareholders and Interlocking Directors: The Relation Between Two Corporate Networks
Published in Journal of competition law & economics (01-03-2022)“…Abstract This paper studies the empirical relationship between common ownership and interlocking directorships. I estimate a gravity equation model for the…”
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Ultimate ownership and bank competition
Published in Financial management (22-03-2022)“…We document substantial time‐series and cross‐sectional variation in branch‐level deposit account interest rates, maintenance fees, and fee thresholds, and…”
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REPLY TO: Comments on “General Equilibrium Oligopoly and Ownership Structure”
Published in Econometrica (01-05-2021)Get full text
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Did the MillerCoors joint venture strengthen the craft beer revolution?
Published in International journal of industrial organization (01-12-2022)“…•We analyze the effect of a large merger on the entry of smaller firms into an already concentrated market.•We show that the number of craft beers increased…”
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The demand for AI skills in the labor market
Published in Labour economics (01-08-2021)“…•Data on skills required in vacancies are used to estimate the demand for AI labour.•Demand for AI labour rose dramatically over 2010–2019 in the U.S…”
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Beyond the target: M&A decisions and rival ownership
Published in Journal of financial economics (01-04-2022)“…Diversified acquirer shareholders can profit from value-destroying acquisitions not only through their target stakes, but also through stakes in non-merging…”
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Minimum Wage Employment Effects and Labour Market Concentration
Published in The Review of economic studies (05-07-2024)“…Abstract This paper shows that more highly concentrated labour markets experience more positive employment effects of the minimum wage. In the most…”
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The effects of the Directive on representative actions for the protection of the collective interest of consumers on the French group action regime
Published in Revista Ítalo-Española de Derecho Procesal (01-12-2020)“…By transposing the Directive on representative actions for the protection of the collective interests of consumers by the 25th December 2022, all the Member…”
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Monopsony Power in the Labor Market: From Theory to Policy
Published in Annual review of economics (22-08-2024)“…Labor markets are not perfectly competitive: Monopsony power enables employers to pay workers less than the marginal revenue product of labor. We review three…”
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Common Ownership and the Secular Stagnation Hypothesis
Published in AEA papers and proceedings (01-05-2019)“…We extend the model in Azar and Vives (2018) to allow for investment and show that higher effective market concentration (augmented by common ownership) leads…”
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Measuring Labor Market Power Two Ways
Published in AEA papers and proceedings (01-05-2019)“…We compute the “applications elasticity” as a proxy for firm-level labor supply elasticity by regressing the applications to a given job on the posted wage…”
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Research on the Competitive Consequences of Common Ownership: A Methodological Critique
Published in Antitrust bulletin (01-03-2021)“…This article argues that the evidence presented in several critiques of Azar, Schmalz, and Tecu’s (AST) “airlines” paper does often not back the conclusion…”
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Developing the Agile Implementation Playbook for Integrating Evidence-Based Health Care Services Into Clinical Practice
Published in Academic medicine (01-04-2019)“…PROBLEMDespite the more than $32 billion the National Institutes of Health has invested annually, evidence-based health care services are not reliably…”
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Etoposide as a single agent in the treatment of mycosis fungoides: A retrospective analysis
Published in Dermatologic therapy (01-03-2018)“…Several chemotherapy agents have shown efficacy in the treatment of mycosis fungoides (MF). In the literature, there is limited data on the use of single agent…”
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