Similar Search Results

In the light of dynamic competition : should we make merger remedies more flexible?

Bougette, Patrice; Budzinski, Oliver; Marty, Frédéric - 2023

Mergers and acquisitions shape industry competition. Effective merger remedies are important for market efficiency and consumer welfare. This paper explores the need for more flexible remedies to address changing markets after mergers. While the EU permits some flexibility with less restrictive...

Persistent link: https://www.econbiz.de/10014376055

Policy Innovations, Political Preferences, and Cartel Prosecutions

Ghosal, Vivek - 2016

, collusion …

Persistent link: https://www.econbiz.de/10013003617

Policy Innovations, Political Preferences, and Cartel Prosecutions

Ghosal, Vivek - 2015

, collusion …

Persistent link: https://www.econbiz.de/10013012564

An Experiment on Innovation and Collusion

Smyth, Andrew - 2019

This paper examines the relationship between product innovation and the success of price collusion using novel …' greater common market experience. The data illustrate how collusion can be perceived as the "only way to make it" in low … homogeneity can be a proximate cause, and product innovation an ultimate cause, of collusion …

Persistent link: https://www.econbiz.de/10012901437

Killer Acquisitions

Cunningham, Colleen; Ederer, Florian; Ma, Song - 2021

This paper argues incumbent firms may acquire innovative targets solely to discontinue the target's innovation projects and preempt future competition. We call such acquisitions "killer acquisitions." We develop a model illustrating this phenomenon. Using pharmaceutical industry data, we show...

Persistent link: https://www.econbiz.de/10013238993

Mergers, Innovation, and Entry-Exit Dynamics : Consolidation of the Hard Disk Drive Industry, 1996-2016

Igami, Mitsuru - 2019

How far should an industry be allowed to consolidate when competition and innovation are endogenous? We develop a stochastically alternating-move game of dynamic oligopoly, and estimate it using data from the hard disk drive industry, in which a dozen global players consolidated into only three...

Persistent link: https://www.econbiz.de/10012904381

Persistence of Monopoly, Innovation, and R&D Spillovers : Static Versus Dynamic Analysis

Kováč, Eugen - 2015

We build a dynamic duopoly model that accounts for the empirical observation of monopoly persistence in the long run. More specifically, we analyze the conditions under which it is optimal for the market leader in an initially duopoly setup to undertake pre-emptive Ramp;D investment...

Persistent link: https://www.econbiz.de/10012707649

How do start-up acquisitions affect the direction of innovation?

Dijk, Esmée S. R.; Moraga-González, José Luis; … - 2021

A start-up engages in an investment portfolio problem by choosing how much to invest in a "rival" project, which threatens the position of an existing incumbent, and a "non-rival" project. Anticipating its acquisition by the incumbent, the start-up strategically distorts its portfolio of...

Persistent link: https://www.econbiz.de/10012591323

How Do Start-up Acquisitions Affect the Direction of Innovation?

Moraga-González, José L.; Motchenkova, Evgenia; Dijk, … - 2021

A start-up engages in an investment portfolio problem by choosing how much to invest in a ''rival'' project, which threatens the position of an existing incumbent, and a "non-rival'' project. Anticipating its acquisition by the incumbent, the start-up strategically distorts its portfolio of...

Persistent link: https://www.econbiz.de/10013217112

Innovation Consolidation

Lee, Peter - 2021

One of the most striking and undertheorized aspects of fields that commercialize patented technologies is the dynamic interplay of structural forces pushing toward consolidation. Of course, technological industries are complex ecosystems featuring numerous players of different sizes along the...

Persistent link: https://www.econbiz.de/10013213690

1
2
3
4
5
6
7
8
9
10
Next
Last