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The effect of mergers on the incentive to invest in cost reducing innovations
Kleer, Robin - 2006 - This version: December 20, 2006
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
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Horizontal Mergers and Product Innovation
Federico, Giulio - 2018
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
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Innovation and product market concentration : Schumpeter, Arrow and the inverted-U shape curve
Delbono, Flavio; Lambertini, Luca - 2017
We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate...
Persistent link: https://www.econbiz.de/10011674377
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Incentives to Innovate in Oligopolies
Belleflamme, Paul; Vergari, Cecilia - 2015
firm is willing to pay or a process innovation that it would be the only one to use. We show that different measures of …
Persistent link: https://www.econbiz.de/10014057159
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Integrating competition policy and innovation policy : the case of R&D cooperation
Graevenitz, Georg von - 2005
policy and innovation policy are discussed. …
Persistent link: https://www.econbiz.de/10010343965
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The effect of horizontal mergers, when firms compete in prices and investments
Motta, Massimo; Tarantino, Emanuele - 2017
It has been suggested that mergers, by increasing concentration, raise incentives to invest and hence are pro-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one where firms only choose prices, and make use of...
Persistent link: https://www.econbiz.de/10011798644
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Acquisitions in a patent contest model with large and small firms
Kleer, Robin - 2008
Big companies and small innovation factories possess different advantages in a patent contest. While large firms …. Furthermore, acquisitions increase the chances for a successful innovation. -- patent contest ; sequential acquisitions …
Persistent link: https://www.econbiz.de/10009746789
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Multiproduct mergers and the product mix in domestic and foreign markets
Chan, Jackie M. L.; Irlacher, Michael; Koch, Michael - 2022
This paper investigates the effects of mergers on the product mix of multiproduct firms. Thus, we open the black box of post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal mergers in a theoretical model where oligopolistic...
Persistent link: https://www.econbiz.de/10013194397
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Multiproduct mergers and the product mix in domestic and foreign markets
Chan, Jackie M.L.; Irlacher, Michael; Koch, Michael - 2022
This paper investigates the effects of mergers on the product mix of multiproduct firms. Thus, we open the black box of post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal mergers in a theoretical model where oligopolistic...
Persistent link: https://www.econbiz.de/10013186438
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Heterogeneous merger impacts on competitive outcomes
Siebert, Ralph - 2017
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