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anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …
Persistent link: https://www.econbiz.de/10010229899
of competition law. This raises difficult questions about the relationship between competition and innovation as well as … what kind of assessment concepts competition authorities should use for investigating innovation effects, e.g., in merger … cases. This paper, on one hand, reviews briefly our economic knowledge about competition and innovation, and claims that it …
Persistent link: https://www.econbiz.de/10012945855
of competition law. This raises difficult questions about the relationship between competition and innovation as well as … what kind of assessment concepts competition authorities should use for investigating innovation effects, e.g., in merger … cases. This paper, on one hand, reviews briefly our economic knowledge about competition and innovation, and claims that it …
Persistent link: https://www.econbiz.de/10011758381
firms through a Nash equilibrium model of research and development (R&D) competition to create new products. In the two … exclusion of its rival from post-innovation (pre-innovation) product market competition increases the overall likelihood of … exclusion of its rival from R&D competition increases the overall likelihood of industry innovation if the dominant firm regards …
Persistent link: https://www.econbiz.de/10014140777
anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …
Persistent link: https://www.econbiz.de/10014149809
Persistent link: https://www.econbiz.de/10011998372
We investigate patterns in common ownership networks between firms that are active in the US pharmaceutical industry for the period 2004-2014. Our main findings are that "brand firms" - i.e. firms that have R&D capabilities and launch new drugs - exhibit relatively dense common ownership...
Persistent link: https://www.econbiz.de/10012384544
products that are more directly affected by competition. However, at the product therapeutic area level, we find a reduction in … innovation by new entrants after the ruling in response to increased competition. Overall, these results are consistent with …
Persistent link: https://www.econbiz.de/10012818283
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 effective innovation competition” (“SIEIC”) as a result of a reduction in …
Persistent link: https://www.econbiz.de/10012852989
This paper gives a fresh account of competition in the digital economy. Economic analysis in the field of industrial … irrelevant. We posit the need to look at competition anew. Static models of monopoly firms and markets in equilibrium are often … growth and diversification of many digital firms lead to a situation of broad-spectrum competition that cuts across markets …
Persistent link: https://www.econbiz.de/10013238612