The question how mergers affect innovation has gained prominence in a number of recent merger cases. Accounting for the likely effects of mergers on innovation is difficult for a number of reasons though. First of all, the relationship between market concentration and innovation is far from...

Viele Bürgerinnen und Bürger in Deutschland heute überaus skeptisch gegenüber neuen Technologien und Innovationen, ganz gleich ob es um Gentechnik, Biotechnologie, Fracking oder die Digitalisierung geht. Hinzu kommt eine große Skepsis gegenüber zahlreichen Infrastrukturvorhaben sowie ganz...

This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non-merging competitors. We develop an oligopoly model with heterogeneous firms to derive empirically testable implications. Our model predicts that a merger is more likely to be profitable in...

This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non-merging competitors. We develop an oligopoly model with heterogeneous firms to derive empirically testable implications. Our model predicts that a merger is more likely to be profitable in...

In this paper, we summarize the economic literature on non-price effects of mergers and acquisitions (M&As). Specifically, we discuss the effects of M&As on innovation, product variety, and sustainability. Although the relationship is theoretically ambiguous, the vast majority of ex-post...

Die Corona-Pandemie hat die Bedeutung der Krankenhausversorgung wieder in den Fokus der Öffentlichkeit gerückt. Zwar konnten in Deutschland Überfüllungen von Krankenhäusern und Intensivstationen weitgehend vermieden werden. Dies ist allerdings nicht auf vorausschauende politische Planung...