-level productivity growth, and an inverted-U relationship between competition and firm-level innovation. Notwithstanding the positive …I incorporate an insight of Friedrich Hayek - that competition allows a thousand flowers to bloom, and discovers the … best among them - into a model of Schumpeterian innovation. Firms face uncertainty about the optimal direction of …

firm's incentives for R&D. These changes influence the probability of innovation through two effects: changes in total R … shift from the rival firm to the dominant firm is a good thing as it decreases the likelihood of duplicate innovation (we … rights are strong. That is, firm dominance is good for innovation when (but only when) property rights are strong. We also …

innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to infer the underlying …

innovation policy in the context of EU economic law (competition policy, intellectual property law, sector regulation). As such … law that moves beyond apparent conflicts and assumes innovation as the starting point. Taking this as the foundation, the … analytical grid to be used to identify ways in which economic law impacts innovation, and second an applied component that …

innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to infer the underlying …

account in merger policy. Although we can show in our study that in one third of all challenged mergers also innovation … mergers. Theoretical background is the still open question how negative effects of mergers on innovation should be taken into …In this empirical study all mergers that have been challenged by the U.S. antitrust agencies FTC and DOJ between 1995 …

We analyze the frequency and nature by which new firms are acquired by established businesses. Acquisitions are often … up to 18 years after entry, we show that acquisitions of recent start-ups are rare and restricted to a small group of … resources. Our overall findings support the argument that acquisitions primarily concern NTBFs in market contexts where entry …

of the merger-innovation link is sparse. The aim of this paper is to analyze the impact of mergers on innovative …Both mergers and innovation are central elements of a firm’s competitive strategy. However, model-theoretical analysis … activities and product market competition in the context of incremental process innovations. Inefficiencies due to organizational …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …