Padilla, Jorge; Piccolo, Salvatore; Reynolds, Paul - 2023
We argue that mergers among market laggards (new entrants or innovation challengers) should be treated differently than …. This is more likely to happen when entry (or innovation) costs are relatively high, so that entry (or innovation) is … among laggards may lead to more entry (or innovation). Such a merger will also be more likely to benefit consumers when the …