and 2008 were analyzed in regard to the question to what extent and how the agencies assessed the innovation effects of … mergers. Theoretical background is the still open question how negative effects of mergers on innovation should be taken into … account in merger policy. Although we can show in our study that in one third of all challenged mergers also innovation …

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 …

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 …

and 2008 were analyzed in regard to the question to what extent and how the agencies assessed the innovation effects of … mergers. Theoretical background is the still open question how negative effects of mergers on innovation should be taken into … account in merger policy. Although we can show in our study that in one third of all challenged mergers also innovation …

. Importantly, the theoretical model captures the strategic behavior between competing firms, its effect on their innovation …