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In the past 20 years, large digital platforms have made many acquisitions, mainly young and innovative startups. Few of … this analysis, we use patent citations as a proxy for the innovation effort by the acquirer. Our main result is to show … that acquisition increases the innovation effort of the acquirer but only temporarily. After 1.5 year, there is no longer a …
Persistent link: https://www.econbiz.de/10014505345
these multi-sided companies along with each company’s most important market segments. We then track their mergers and …
Persistent link: https://www.econbiz.de/10012154717
their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of … the "inverted-U" relationship between innovation and competition to a merger setting. …
Persistent link: https://www.econbiz.de/10011669398
economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine …
Persistent link: https://www.econbiz.de/10012011207
In this paper, we analyse the final decisions for merger cases prepared by the European Commission (EC) since 1990 and build a unique subsample for all non-cleared cases. These incorporate all merger notifications which were either withdrawn by the notifying parties or have been prohibited by...
Persistent link: https://www.econbiz.de/10012304413
potential competitors yet fly under the radar of current merger control due to the features of the digital economy. We … developers reallocate innovation efforts to unaffected apps and that affected markets experience less entry post-acquisition. …
Persistent link: https://www.econbiz.de/10012793220
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Persistent link: https://www.econbiz.de/10011713040
The paper applies economic theories to give an overview of the emerging phenomenon of digital personal assistants (DPAs …
Persistent link: https://www.econbiz.de/10011949060
-competitive patent settlements and hold-ups in relation to standard setting processes, in addition to the modern focus on mergers that … potentially lessen incentives for innovation and on abuse of dominance/single firm exclusionary practices in IP-intensive network … importance for economic advancement and prosperity, having a direct bearing on innovation, growth and the diffusion of new …
Persistent link: https://www.econbiz.de/10011723874
Horizontal shareholding exists when significant shareholders have stock in horizontal competitors. (It is often imprecisely called "common shareholding," but that term can also apply when shareholders own stock in two noncompeting corporations. It differs from "cross-shareholding," which...
Persistent link: https://www.econbiz.de/10011685455