particularly pronounced in markets with few players, high initial markups and concentration. We also provide evidence that merger … rivals reduce their employment, sales and investment, while their profits increase around the time of a merger. …This paper analyzes the effects of mergers and acquisitions on the markups of non-merging rival firms across a broad …

methodological advances in the estimation of production functions to estimate markups and total factor productivity. We investigate … increase their markups in the years after a merger. The effects are concentrated in markets with few competitors, among firms …This paper analyzes the effects of mergers on markups of non-merging rival firms in narrowly defined markets. Combining …

methodological advances in the estimation of production functions to estimate markups and total factor productivity. We investigate … increase their markups in the years after a merger. The effects are concentrated in markets with few competitors, among firms …This paper analyzes the effects of mergers on markups of non-merging rival firms in narrowly defined markets. Combining …

firm dynamics model with brands as transferable customer capital, heterogeneous firm productivity, and variable markups. We …We study the interaction of customer capital and productivity through brand reallocation across firms. We develop a … study the matching process between transferable brand capital and core productivity, which can be inefficient with …

We study the effect of stronger patent protection on innovation activities of firms and firm-product level markups …-reform. Additionally, we estimate an increase in firm-product level markups after the reform, driven primarily by lower marginal costs …-savings, and incomplete pass-through accounts for a substantial part of rising markups. …

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 …

” commercialization. However, when focusing on downstream industry segments that bring patented technologies to market—“innovation” in an … efficiencies of size, and significant merger and acquisition activity. It also argues that several common “fragmentation drivers … concentration ultimately harms innovation, efficiency, consumer welfare, and democratic representation. It argues that patent law …

predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity, a merger reduces innovation of both the merged entity and non-merging competitors in an industry with high R …This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non …

market power complex because it results in feature competition, and potentially drastic innovation, on one side of a platform … Qihoo 360 v. Tencent, Cartes Bancaires v. European Commission, the Facebook/WhatsApp merger, and the Microsoft/Skype merger …