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Start-up acquisitions and innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020

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 …

Persistent link: https://www.econbiz.de/10012438192

Merger and acquisition activity during the fifth wave : USA vs. EU

Sehleanu, Mariana - In: Development, Growth and Finance of Organizations from …, (pp. 133-143). 2017

Persistent link: https://www.econbiz.de/10012221098

Optimal destabilization of cartels

Auer, Ludwig von; Tu Anh Pham - 2020

A model-based derivation of an effective antitrust policy requires an economic framework that includes three actors: a cartel, a group of competing fringe firms, and a welfare maximizing antitrust authority. In existing models of cartel behavior, at least one of these actors is always missing....

Persistent link: https://www.econbiz.de/10012425162

Assessing the market power of digital platforms : Paper prepared for presentation at the International Telecommunications Society (ITS) Biennial Conference Gothenburg, Sweden, June...

Prado, Tiago S. - 2021

In this conceptual paper, I propose a framework for measuring the market power of digital platforms. The rise of big technology companies that act both as intermediary platforms and providers of services and goods in several markets has heightened concerns about potential economic harms brought...

Persistent link: https://www.econbiz.de/10012805993

Third-degree price discrimination in oligopoly when markets are covered

Dertwinkel-Kalt, Markus; Wey, Christian - 2021

We analyze oligopolistic third-degree price discrimination relative to uniform pricing when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm's Lerner index...

Persistent link: https://www.econbiz.de/10013326514

Why abandoning the paradise? : stations incentives to reduce gasoline prices at first

Thomas, Wein, - 2021

The German petrol station market is characterized by strong intraday price cycles, which probably correspond to the well-known Edgeworth cycles. The prices go up strongly in the late evening or in the middle of the night, fall relatively heavily in the early morning and then go up and down...

Persistent link: https://www.econbiz.de/10013326527

Kill zones? : effects of big tech start-up acquisitions on innovation : paper prepared for presentation at the International Telecommunications Society (ITS) Biennial Conference Go...

Prado, Tiago S. - 2021

(IPOs) and other mergers and acquisitions (M&As), we found an average increase of 30.7% in the total amount of VC funding …This paper investigates short-term effects of big tech start-up acquisitions on innovation empirically. Innovation … explore the repercussions of big tech start-up acquisitions on innovation by examining their effects on venture capital (VC …

Persistent link: https://www.econbiz.de/10012805979

Endogenous choice of minority shareholdings : effects on product market competition

Haas, Samuel de - 2019

Non-controlling minority shareholdings in rivals (NCMS) lower the sustainability of collusion under a wide variety of circumstances. Nevertheless, NCMS are sometimes deemed to facilitate collusion, in particular if the level of NCMS is exogenous. The present paper endogenizes firms' choice of...

Persistent link: https://www.econbiz.de/10012287557

Killer acquisitions and beyond : policy effects on innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2021 - This version: August 2020, first version: February 2020

prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other … acquisitions only has a weakly negative innovation effect, and we provide conditions under which the effect is zero. Furthermore …, for both killer and other acquisitions, we identify market conditions under which the innovation effect is small, so that …

Persistent link: https://www.econbiz.de/10013330715

Schumpeterian incumbents and industry evolution

Bünstorf, Guido - In: Foundations of economic change : a Schumpeterian view …, (pp. 283-297). 2017

Persistent link: https://www.econbiz.de/10011889518