We examine the implications of pre-grant publication (PP) of patent applications in the context of a cumulative … innovation model. We show that pre-grant publication of patents lead to fewer applications and fewer inventions, but it raises … welfare as well. -- R&D ; patents ; patent systems ; pre-grant patent publication ; patenting decision ; spillover ; consumer …

This paper addresses the key determinants of merger failure, in particular the role of innovation (post-merger … introduce a model of process innovation where merged firms exibit intra-merger spillover of knowledge under different market … that post-merger innovation performance, in particular with large spillover, increases the probability of survival, while …

, and decreasing production and R\&D efficiencies. In this study, we investigate merger impacts on innovation using a panel … innovation is based on citation-weighted patent stocks. In our estimation model, we control for endogeneity using instrumental … correlated with firms' innovation. Our findings also indicate that merger effect on innovation is heterogeneous across industries …

The impact of innovation on mergers has been a subject of debate in merger enforcements. Firms may decide to merge … on the drivers of mergers, but empirical evidence on innovation-induced changes of merger likelihood is limited. In this … investigate the impact of innovation on merger decisions controlling for business cycles and proxies of neoclassical, behavioural …