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The Problem of Twelve
- greatwave1 6y agoThis project was inspired by “The Problem of 12”, the fact that most public companies are increasingly being controlled by a small group of institutional investors: https://ssrn.com/abstract=3247337 https://ssrn.com/abstract=3247337 There is compelling evidence that this shared ownership can lead to anticompetitive outcomes, such as lower wages and higher prices: https://ssrn.com/abstract=2427345 https://ssrn.com/abstract=2427345. My goal is to highlight the extent to which voting power in many competing companies is being concentrated among a small number of institutions, and spark discussion about this problem. Let me know if you have any suggestions for improvements to the dashboard!