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the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …
Persistent link: https://www.econbiz.de/10010320042
Both mergers and innovation are central elements of a firm s competitive strategy. However, model-theoretical analysis … of the merger-innovation link is sparse. The aim of this paper is to analyze the impact of mergers on innovative … mergers ; innovation ; research joint venture ; market structure …
Persistent link: https://www.econbiz.de/10009744913
-level information on mergers, production, and innovation in the dynamic random access memory semiconductor market from 1985 to 2004. Our …
Persistent link: https://www.econbiz.de/10011481190
Mergers realize heterogeneous competitive effects on profits, production, and prices. To date, it is unclear whether differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger studies conventionally assume that, conditional on...
Persistent link: https://www.econbiz.de/10011717038
firms because it lowers the probability they win the innovation contest for that project; however, the investment of a firm …
Persistent link: https://www.econbiz.de/10012137259
firms because it lowers the probability they win the innovation contest for that project; however, the investment of a firm …
Persistent link: https://www.econbiz.de/10012858025
firms because it lowers the probability they win the innovation contest for that project; however, the investment of a firm …
Persistent link: https://www.econbiz.de/10012858068
This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non … predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity, a merger reduces innovation of both the merged entity and non-merging competitors in an industry with high R …
Persistent link: https://www.econbiz.de/10011448793
. Large firms may find it disadvantageous to engage in an "R&D race" with small firms, as they can obtain access to innovation …
Persistent link: https://www.econbiz.de/10013097452
We set up a stylized oligopoly model of uncertain product innovation to analyze the effects of a merger on innovation …" channel and the internalization of the "innovation externality". We solve the model numerically and find that price … coordination between the two products of the merged firm tends to stimulate innovation, while internalization of the innovation …
Persistent link: https://www.econbiz.de/10012933548