This paper empirically assesses the impact of the intensity of competition on investment in new technologies within the …-U relationship between competition intensity and investment. The intermediate level of competition intensity that maximizes … investment stands at 62 percent, whereby competition intensity is measured by 1-Lerner index at the firm level. This means that …

technologies, leading to higher productivity. We propose a model of endogenous selection and innovation in heterogeneous firms that … product and process innovation (simultaneously adopting new machines and organizational practices) and adopt foreign … jointly explains the observed selection process and the innovation decisions. Further, we show in the data that innovation on …

mechanisms by which competition affects investment. For a firm with lower initial marginal costs (higher efficiency), a positive … effect of competition on investment is more likely. Positive spillovers support a negative effect of competition on … investment. The relation between competition and investment is not affected in an unambiguous way by the level of pre …

This paper presents some of the most important microeconomic tools used in assessing antitrust and merger cases by the …, are established and sustained over time. One of the most important of these factors is the markets exposure to innovation …, especially disruptive innovation. In these markets, the paradox, from a competition policy perspective, can be considered the …

We analyze the effects of a merger between two competitors in a Bertrand-Edgeworth model. The merger has no effect on … equilibrium prices if a pure strategy equilibrium prevails both before and after the merger. Otherwise, the merger leads to higher … prices. In the case where a mixed strategy equilibrium prevails before and after the merger, for example, the support of the …

Turkish Banking Act exempts certain bank mergers from the Turkish merger control regime. With this legislation, a large … number of the potential bank merger are exempted from obtaining the permission from the Turkish Competition Authority …

process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence … suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process … results show the presence of lagged effects product innovation on productivity two years after innovation. Compared with the …