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The seminal paper on this topic seems to be Anticompetitive Effects of Common Ownership[0] by Azar et al, and there's a whole chapter on this topic in Radical Markets[1], a recent book by Eric Posner and Glen Weyl. Both are worth reading if this is a topic you're interested in.

[0] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2427345

[1] https://www.amazon.com/Radical-Markets-Uprooting-Capitalism-...




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