methodological advances in the estimation of production functions to estimate markups and total factor productivity. We investigate … increase their markups in the years after a merger. The effects are concentrated in markets with few competitors, among firms …This paper analyzes the effects of mergers on markups of non-merging rival firms in narrowly defined markets. Combining …

In this paper, we design a theoretical model to analyze the impact of the number of firms on investment in the wireless … communications industry. Our model extends the Salop’s framework by introducing investment in quality that either reduces the … their incentives to invest in quality. The impact on the aggregate industry investment can be non-monotone. These …

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 …

We examine the economic analysis of the relationship between innovation and product market competition. First, we give … idea that innovation rises and then eventually falls as the intensity of competition increases. Thirdly, we look at recent …

predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity, a merger reduces innovation of both the merged entity and non-merging competitors in an industry with high R …This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non …

We study the effect of stronger patent protection on innovation activities of firms and firm-product level markups …-reform. Additionally, we estimate an increase in firm-product level markups after the reform, driven primarily by lower marginal costs …-savings, and incomplete pass-through accounts for a substantial part of rising markups. …

proactive sector/industry investigations as well es merger control in relation to non-horizontal mergers and acquisitions. …

We analyze the effect of a labor market reform on firms' product innovation. The re- form, which amounts to a natural …