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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 These incorporate all merger notifications which were either withdrawn by the notifying parties or have been prohibited by...
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innovation. This article reviews this issue by drawing on the relevant economic literature, and by placing it in the broader … competition assessment of the impact of a merger on dynamic competition, including its effects on innovation …
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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. …
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We set up a stylized oligopoly model of uncertain product innovation to analyze the effects of a merger on innovation …" channel and the internalization of the "innovation externality". We solve the model numerically and find that price … coordination between the two products of the merged firm tends to stimulate innovation, while internalization of the innovation …
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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 …
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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/10012802559
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