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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 … acquisition policy reduces the variety of research approaches pursued by the firms and thereby the probability of discovering …
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significant role in national economies. With the rise of globalization, cross-border tourism has grown and induced intense … to travel domestically and cross the border of the other country. The governments of both countries are assumed to be …
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We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry...
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