Jost, Peter-J.; Velden, Claus van der - In: Schmalenbach Business Review (sbr) 58 (2006) 2, pp. 157-179
We consider mergers in an innovation contest between n firms in the presence of synergetic effects. We assume that a merger may affect the R&D efficiency of the merging firm due to increasing returns to scale in R&D. We show that mergers are beneficial for the merging firms even if the...
