's bargaining power is below a threshold. Allowing for acquisitions may improve the direction of innovation of each of the players …. Allowing for acquisitions distorts both players' incentives to allocate funding across their rival and non-rival projects. We … rival market. We show that this strategic effect dominates the usual "innovation for buyout effect" when the entrant …

the "inverted-U" relationship between innovation and competition to a merger setting. … their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of …

characterized by innovation-driven “competition for the market.” I show that this fact provides a rationale for heightened scrutiny …There is broad concern that merger policy toward Big Tech has been too lenient. Big Tech typically operates in markets … of incumbents' acquisitions of emerging or potential competitors. I also address the widespread argument that permissive …

Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic …

anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … assessment of anticompetitive innovation effects in merger review. By focusing on the applied U.S. Antitrust, it turns out that … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …

anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … assessment of anticompetitive innovation effects in merger review. By focusing on the applied U.S. Antitrust, it turns out that … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm …We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … stricter, but not too strict, merger and cartel policies tend to increase the incentive for innovations for sale by ensuring …

Previous work on exit in declining industries has neglected mergers. We examine a simple model that predicts which … declining industries experience horizontal mergers. Mergers are more likely if 1) market concentration is high; 2) the inverse … and rapidly later on. The conditions that make mergers privately profitable also tend to make them socially optimal. We …