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Big tech acquisitions and innovation : an empirical assessment

Barsy, Laureen de; Gautier, Axel - 2024

this analysis, we use patent citations as a proxy for the innovation effort by the acquirer. Our main result is to show … that acquisition increases the innovation effort of the acquirer but only temporarily. After 1.5 year, there is no longer a … significant impact of the acquisition on the acquirer’s innovation effort. This decline is relatively larger when the acquired …

Persistent link: https://www.econbiz.de/10014505345

A treatment effect method for merger analysis with an application to parking prices in Paris

Choné, Philippe; Linnemer, Laurent - 2010

Most retrospective merger studies resort to the treatment effect approach, comparing the price dynamics in a treatment group and in a control group. We propose a systematic method to construct the groups, which applies to any industry with spatial competition. The method is consistent with the...

Persistent link: https://www.econbiz.de/10008757537

Double marginalization and vertical integration

Choné, Philippe; Linnemer, Laurent; Vergé, Thibaud - 2021

Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers' weights are balanced. Vertical integration eliminates double marginalization...

Persistent link: https://www.econbiz.de/10012494786

Mergers in the digital economy

Gautier, Axel; Lamesch, Joe - 2020

Over the period 2015-2017, the five giant technologically leading firms, Google, Amazon, Facebook, Amazon and Microsoft (GAFAM) acquired 175 companies, from small start-ups to billion dollar deals. By investigating this intense M&A, this paper ambitions a better understanding of the Big Five's...

Persistent link: https://www.econbiz.de/10012154717