A Tale of Two Networks: Common Ownership and Product Market Rivalry
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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 which firms compete in a network game of oligopoly. Firms are connected through two large networks: the first reflects
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美国国家经济研究局创建时间：
2022-05-01
