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effect of mergers on innovation and future price competition; and reviews the empirical literature on competition, mergers …A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and evidence on … economic incentives for innovation. Competition policy and antitrust enforcement have traditionally focused on prices rather …
Persistent link: https://www.econbiz.de/10013465592
to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive … potential competition. …
Persistent link: https://www.econbiz.de/10012287919
to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive … potential competition …
Persistent link: https://www.econbiz.de/10012420702
We study the bond price reaction of a merged firms peers, in order to better understand how the market responds to a restructuring. We argue that a merger announcement may signal the possibility of a merger wave to the industry, and in doing so, increase the conditional probability that peer...
Persistent link: https://www.econbiz.de/10012611762
Persistent link: https://www.econbiz.de/10011382493
to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive … potential competition. …
Persistent link: https://www.econbiz.de/10012438192
to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive … potential competition …
Persistent link: https://www.econbiz.de/10012165650
We study the bond price reaction of a merged firms peers, in order to better understand how the market responds to a restructuring. We argue that a merger announcement may signal the possibility of a merger wave to the industry, and in doing so, increase the conditional probability that peer...
Persistent link: https://www.econbiz.de/10012534527
This paper analyses the wealth effects of mergers and acquisitions in Europe over the past 60 years. We review a number … operation of a competitive market for corporate control. Tender offers and the competition among bidder-companies positively …
Persistent link: https://www.econbiz.de/10010816758
Persistent link: https://www.econbiz.de/10010538415