Working Papers

Collusion through Common Leadership

With Jessica Jeffers & Elena Prager
Conditionaly accepted, Journal of Political Economy
Awards: Best Paper Award for Young Researchers, CRESSE Conference, 2025
Coverage: NBER Digest, Briefing Book, Promarket
This paper studies whether common leadership, defined as two firms sharing executives or board directors, contributes to collusion. Using an explicit measure of labor market collusion from unsealed court evidence, we find that the probability of collusion between two firms increases by 11 percentage points after the onset of common leadership, a ninefold increase over the baseline rate. These results are not driven by closeness of product or labor market competition. Our findings are consistent with the increasing attention toward common leadership under Clayton Act Section 8.

Work in Progress

Supply Side Responses to Target Subsidy Programs: Evidence from SNAP ABAWD Waivers and Dollar Store Expansion

With Inder A. Majumdar
Awards: Ralph W. Marquis Fellowship for Best Field Paper, UW–Madison, 2025

Labor Market Collusion and Careers

With Jessica Jeffers & Elena Prager

Market Power, Workforce Quality, and Public Hospitals

With Leonardo Bonilla