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that the competition on the product market follows the Stackelberg leadership model. For simplicity we focus on the case of …
Persistent link: https://www.econbiz.de/10015253095
innovation incentives. The analysis reveals that a merger tends to discourage innovation, unless the investment cost is …In this paper, we consider a duopoly with product differentiation and examine the interaction between merger and … bilateral merger-to-monopoly is always profitable, a standard result in the literature. When side payments are not permitted …
Persistent link: https://www.econbiz.de/10015256472
innovation incentives. The analysis reveals that a merger tends to discourage innovation, unless the investment cost is …In this paper, we consider a duopoly with product differentiation and examine the interaction between merger and … bilateral merger-to-monopoly is always profitable, a standard result in the literature. When side payments are not permitted …
Persistent link: https://www.econbiz.de/10015259909
We present a continuous-time generalization of the seminal R&D model of d’Aspremont and Jacquemin (American Economic Review, Vol. 78, No. 5) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market...
Persistent link: https://www.econbiz.de/10015247167
Abstract This paper analyzes and measures the value that American private banks added as directors of non financial companies. Using data between 1874 and 1913, and an event study from 1906, I find that bank directors added about 20% of a firm's market capitalization. Collusive practices...
Persistent link: https://www.econbiz.de/10015256169
as a useful tool for competition authorities to back up merger decisions. … merger when partial cartels are likely to operate. The experimental results can be summarized as follows. We find that … decrease by 20% on average after a merger. Our findings suggest that merger analysis that is based on the assumption that only …
Persistent link: https://www.econbiz.de/10015257335
the value of CPO and on the type of target. CPO shows anticompetitive effects by facilitating mergers in most cases …. However, a protective threshold (takeover ratio<1) exists below which CPO arrangements can reduce the incentives for a hostile … takeover of a targeted member of the CPO agreement. Further, even above this protective threshold CPO may make hostile …
Persistent link: https://www.econbiz.de/10015257870
orientation, partnering of product candidates in strategic alliances, and entering into mergers and acquisitions (M&As) with other …. Problems that may occur during post-merger integration include the incompatibility of the partners? technologies and the … Unternehmen nicht den richtigen Partner findet oder keine Unterst?tzung von seinen Investoren erh?lt. W?hrend der Post-Merger …
Persistent link: https://www.econbiz.de/10009481003
dynamics, the current dissertation analyses the interactions between innovation and competition. The scope of this work can be … activity. Regarding the impact of competition on innovation, an empirical analysis reveals that ICT- driven innovations … Verständnis dieser Dynamik, analysiert diese Dissertation die Wechselwirkungen zwischen Innovation und Wettbewerb. Die Arbeit …
Persistent link: https://www.econbiz.de/10009467260
In a context of globalized competition, mergers and acquisitions are presented as effective strategies in front of … increasingly important in terms of number and volume of mergers and acquisitions’ operations. Our research work consists in … providing descriptive complementary insights to previous research, by analyzing the characteristics of mergers and acquisitions …
Persistent link: https://www.econbiz.de/10015335757