Passive Investment

ISSUES IN COMPETITION LAW AND POLICY, Vol. 3, p. 1637, ABA Section of Antitrust Law, 2008

24 Pages Posted: 26 Feb 2009

See all articles by David Gilo

David Gilo

Tel Aviv University - Buchmann Faculty of Law

Date Written: February 22, 2009

Abstract

This chapter discusses the economics and legal analysis of passive investment among competitors. It shows that, much like horizontal mergers, passive investment may have both unilateral and coordinated anticompetitive effects. I examine two special cases: (1) passive investment by a firm's controlling shareholder in the firm's competitor, and (2) multilateral passive investments.

Keywords: partial ownership, tacit collusion, passive investment, multilateral hodlings, controlling shareholders, facilitating practices, solely for investment, clayton act

Suggested Citation

Gilo, David, Passive Investment (February 22, 2009). ISSUES IN COMPETITION LAW AND POLICY, Vol. 3, p. 1637, ABA Section of Antitrust Law, 2008. Available at SSRN: https://ssrn.com/abstract=1347727

David Gilo (Contact Author)

Tel Aviv University - Buchmann Faculty of Law ( email )

Ramat Aviv
Tel Aviv 69978, IL
Israel
+972-3-6406299 (Phone)

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