Plausibly Exogenous [1476] - Collusion (02/17/2024)

LHS Variable
Product market collusion

RHS Variable
Executive compensation

Source of Exogenous Variation
2013 decision to close several regional offices of the U.S. Department of Justice, which lowered antitrust enforcement for firms located near these closed offices — this made collusion more appealing to shareholders

- Ha, Ma, and Zaldokas (2024), “Motivating collusion”