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. …

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. …

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 …

existing sales from future challengers. In this fundamental way, competition promotes innovation. We apply this basic insight … internalizes business-stealing effects arising from their parallel innovation efforts and thus tends to depress innovation … of R&D, may offset the adverse effect of a merger on innovation. We describe the possible effects of a merger on …

existing sales from future challengers. In this fundamental way, competition promotes innovation. We apply this basic insight … internalizes business-stealing effects arising from their parallel innovation efforts and thus tends to depress innovation … of R&D, may offset the adverse effect of a merger on innovation. We describe the possible effects of a merger on …

innovation. This article reviews this issue by drawing on the relevant economic literature, and by placing it in the broader … competition assessment of the impact of a merger on dynamic competition, including its effects on innovation …

We set up a stylized oligopoly model of uncertain product innovation to analyze the effects of a merger on innovation …" channel and the internalization of the "innovation externality". We solve the model numerically and find that price … coordination between the two products of the merged firm tends to stimulate innovation, while internalization of the innovation …

existing sales from future challengers. In this fundamental way, competition promotes innovation. We apply this basic insight … internalizes business-stealing effects arising from their parallel innovation efforts and thus tends to depress innovation … of R&D, may offset the adverse effect of a merger on innovation. We describe the possible effects of a merger on …