cost of failure in innovation, and a competition effect, which diminishes the returns to innovation. The magnitude of these …. We show that allowing acquisitions stimulates platform innovation, but at the cost of a more concentrated market … investigate how the merger regime influences the direction of the startup’s innovation. …

the presence of such products on innovation and consumer welfare. For a given number of buyers, platform liability … increases innovation by reducing the competitive pressure faced by innovative products. However, there can be a misalignment of … intended effect on innovation. Platform liability tends to increase (decrease) innovation and consumer welfare when the …

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 …

This paper analyzes patent pools and their effects on innovation incentives. It is shown that the pro …-competitive effects of patent pools for complementary patents naturally extend for dynamic innovation incentives. However, this simple … patents reduce social welfare as they charge higher licensing fees and chill subsequent innovation incentives. …

innovation incentives is important in these ad-funded markets as the well-known surplus see-saw result may not hold making both …

We investigate the impact of investment in automation-related goods on adopting and non-adopting firms in the Italian … of Italian importing firms and estimate the effects on adopters' outcomes within a difference-indifferences design … exploiting import lumpiness in product categories linked to automation and AI technologies. We find a positive average adoption …

a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation … vulnerable to holdup. This suggests that automation is used by producers as a tool to thwart rent appropriation by labor. …

automation risk of their occupation, especially those in high-automatability occupations. Randomized information about their …