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Financialization of the food value chain, common ownership and competition law

Author

Listed:
  • Ioannis Lianos
  • Alina Velias
  • Dmitry Katalevsky
  • George Ovchinnikov

Abstract

We explore the possibility that common ownership may constitute a competition concern, raising issues of unilateral effects, horizontal collusion, vertical exclusion and vertical exploitation. We proceed to empirical investigation in the context of Global Food Value Chains using the tool of advanced social network analysis, which captures the raising concern that many institutional investors are passive investors in the diverse companies that are active at various segments of the chain. In view of the possible negative welfare effects of common ownership on competition and its prevalence in the food sector, it is contended that competition authorities need to develop adequate legal tools to deal with this issue and rely on economics but also other sources of wisdom (e.g. advanced social network analysis) that may enable a better mapping of the complexity of competitive interactions in this sector and be more adequate in the context of a complex economy.

Suggested Citation

  • Ioannis Lianos & Alina Velias & Dmitry Katalevsky & George Ovchinnikov, 2020. "Financialization of the food value chain, common ownership and competition law," European Competition Journal, Taylor & Francis Journals, vol. 16(1), pages 149-220, January.
  • Handle: RePEc:taf:recjxx:v:16:y:2020:i:1:p:149-220
    DOI: 10.1080/17441056.2020.1732682
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