merger links the markets for data collection and data application, through which the digital platform can leverage its market … data application. But insofar as competitors remain active, the merger increases total consumer surplus in both markets by … intensifying competition. When the consumption synergy is large enough, the merger can result in monopolization of both markets …

We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in … process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether … firms have merger incentives, and, if so, whether such mergers are desirable from the viewpoint of social welfare. We also …

We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in … process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether … firms have merger incentives, and, if so, whether such mergers are desirable from the viewpoint of social welfare. We also …

merger links the markets for data collectionand data application, through which the digital platform can leverage its market … competition. Whenthe consumption synergy is large enough, the merger can result in monopolization of bothmarkets, leading to … costs can outweigh static bene ts.We also discuss policy implications by considering various merger remedies. …