their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of … the "inverted-U" relationship between innovation and competition to a merger setting. …

Using data from the US automobile market, we empirically examine the link between competition and innovation …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon …

This paper considers the implications of asymmetric information in capital markets for entrepreneurial entry and tax … asymmetric information in capital markets leads to too much rather than too little entrepreneurial entry. Therefore, the ptimal … tax policy should discourage rather than subsidize entrepreneurial entry. We also nalyse the welfare effects of project …

face various barriers to entry, either natural ones or those created by incumbent firms or government policy. They may also …