and innovation. After a half-century of debate and innumerable studies, the consensus is that there is no clear answer to … the question. On a concrete level, the uncertainty underlies the most fundamental critique of "innovation markets," or … markets for research and development (R&D). After all, if concentration leads to innovation, then antitrust challenges are not …

own, focusing on regulatory tools that foster competition and innovation. We identify three main regulatory tasks that are …

I derive a Net Innovation Pressure (NIP) formula based on logic that is similar to the logic underlying Upward Pricing …

The impact of innovation on mergers has been a subject of debate in merger enforcements. Firms may decide to merge … because of increasing market share and expanding capacity. However, mergers may also be motivated by innovation since they … provide resources for commercialization of innovation and allow for capturing knowledge spillovers. There are myriad studies …

Mergers lead to larger firms and a less competitive market structure, but their effects on innovation are not clear …. Mergers may improve innovation incentives by promoting economies of scope and scale, R\&D activities, and increasing the … ability to deal with uncertainties. However, mergers may also discourage innovation by reducing competition, increasing costs …

” commercialization. However, when focusing on downstream industry segments that bring patented technologies to market—“innovation” in an … concentration ultimately harms innovation, efficiency, consumer welfare, and democratic representation. It argues that patent law … provides prescriptions for enhancing industry entry through private ordering, federal innovation policy, and antitrust …

We introduce knowledge spillovers in a model of innovation competition a la Federico et al. (2017) and Denicolo and … Polo (2018), which otherwise features horizontal mergers that harm innovation due to the business stealing effect. With … merger can improve the incentives for innovation. Horizontal mergers raise (reduce) innovation if the spillover effect is …

Firms can enhance product innovation performance by continuously staying in touch with customers and the market in … used in product innovation, the nature of market knowledge that is specifically important in the chemical industry remains … more relevant. This study uses a multiple case study of six product innovation projects in six different companies to …