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Innovation markets, future Markets, or potential competition : how should competition authorities account for innovation competition in merger reviews?
Kern, Benjamin - 2014
The relevant competitors in regard to innovation might, but not necessarily do, correspond to the identified competitors on actual product markets. Hence, the conventional analysis of product markets, in order to assess the potential anticompetitive effects of mergers, is insufficient to capture...
Persistent link: https://www.econbiz.de/10010229899
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Empirical analysis of the assessment of innovation effects in U.S. merger cases
Kern, Benjamin R.; Dewenter, Ralf; Kerber, Wolfgang - 2014
In this empirical study all mergers that have been challenged by the U.S. antitrust agencies FTC and DOJ between 1995 and 2008 were analyzed in regard to the question to what extent and how the agencies assessed the innovation effects of mergers. Theoretical background is the still open question...
Persistent link: https://www.econbiz.de/10010404134
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Antitrust for High-Tech and Low : Regulation, Innovation, and Risk
Cass, Ronald A. - 2012
Severe limitations on antitrust enforcement officials' knowledge and the potential impact of ill-advised investigations and prosecutions on markets suggest that officials should exercise extraordinary caution in enforcement of restraints on single-firm conduct. Although it is common to depict...
Persistent link: https://www.econbiz.de/10013099514
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Competition, Innovation, and Competition Law : Dissecting the Interplay
Kerber, Wolfgang - 2017
The digital revolution has reinvigorated the discussion about the problem how to consider innovation in the application of competition law. This raises difficult questions about the relationship between competition and innovation as well as what kind of assessment concepts competition...
Persistent link: https://www.econbiz.de/10012945855
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Paying off the competition : market power and innovation incentives
Li, Xuelin; Lo, Andrew W.; Thakor, Richard T. - 2021 - This Draft: 19 June 2021
How does a firm’s market power in existing products affect its incentives to innovate? We explore this fundamental question using granular project-level and firm-level data from the pharmaceutical industry, focusing on a particular mechanism through which incumbent firms maintain their market...
Persistent link: https://www.econbiz.de/10012818283
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Empirical Analysis of the Assessment of Innovation Effects in U.S. Merger Cases
Kern, Benjamin R. - 2017
In this empirical study all mergers that have been challenged by the U.S. antitrust agencies FTC and DOJ between 1995 and 2008 were analyzed in regard to the question to what extent and how the agencies assessed the innovation effects of mergers. Theoretical background is the still open question...
Persistent link: https://www.econbiz.de/10012972734
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Policy Innovations, Political Preferences, and Cartel Prosecutions
Ghosal, Vivek - 2016
-2003, and 2004-2013. Our empirical estimates show significant variation in the number of cartels prosecuted and the penalties … imposed across the policy regimes. The more recent regimes are characterized by far fewer cartels prosecuted, but with … cartels to larger and multinational firms. In terms of political effects, our results reveal no clear inter-political party …
Persistent link: https://www.econbiz.de/10013003617
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Policy Innovations, Political Preferences, and Cartel Prosecutions
Ghosal, Vivek - 2015
-2003, and 2004-2013. Our empirical estimates show significant variation in the number of cartels prosecuted and the penalties … imposed across the policy regimes. The more recent regimes are characterized by far fewer cartels prosecuted, but with … cartels to larger and multinational firms. In terms of political effects, our results reveal no clear inter-political party …
Persistent link: https://www.econbiz.de/10013012564
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Innovation Competition, Unilateral Effects and Merger Policy
Petit, Nicolas - 2020
This paper looks at whether the standard unilateral effects model can be applied to non-price competition parameters such as innovation. This question arises because competition authorities are intervening in horizontal mergers that are found to give rise to a “significant impediment to...
Persistent link: https://www.econbiz.de/10012852989
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Innovation Under Section 2 of the Sherman Act
Gilbert, Richard; Melamed, A. Douglas - 2021
Antitrust cases, including recent complaints filed against dominant technology platforms, have alleged conduct that harms innovation. Section 2 of the Sherman Act is sufficiently broad to address conduct that harms innovation, but courts have little experience adjudicating such allegations. This...
Persistent link: https://www.econbiz.de/10013234840