merger partner. The result is significantly higher rate of innovation with mergers than without and significantly higher long … helpful or harmful to the long run rate of innovation and therefore long-term consumer welfare. I develop a framework to study … long run increase in innovation to outweigh the short run harm to consumers caused by mergers, entry costs must be low …

that the overall impact of a merger on innovation may be either positive or negative and sheds light on the circumstances … innovation effects should be handled by competition authorities in merger control and highlight the differences with the analysis …This paper discusses the effects of horizontal mergers on innovation. We rely on the existing academic literature and …

competition assessment of the impact of a merger on dynamic competition, including its effects on innovation …Recent merger decisions by competition authorities have revived the debate on the relationship between competition and … innovation. This article reviews this issue by drawing on the relevant economic literature, and by placing it in the broader …

We set up a stylized oligopoly model of uncertain product innovation to analyze the effects of a merger on innovation … externality depresses it. The latter effect is stronger in our simulations and, as a result, the merger leads to lower innovation … innovation and consumer welfare fall after a merger …

This paper focuses on the assessment of mergers, and in particular on unilateral effects analysis where innovation … plays an important role. The paper discusses the economic theories behind innovation, how we move from the traditional … product-by-product market definition to pipeline competition and innovation competition, and discusses the concept of …