| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6816 |
| DP6816 Education and Fertility: Evidence from a Natural Experiment | |
| Kjell G Salvanes; Carol Propper; Karin Monstad | |
| 发表日期 | 2008-05-23 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We construct a model where an entrepreneur could either innovate for entry or for sale. It is shown that increased product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased competition reduces entrants' and acquirers' profits in a similar fashion, but also reduces the profit of non-acquirers. Therefore, incumbents' valuations of innovations are less negatively affected by increased competition than entrants' profits. This, in turn, implies that the incentive for innovation for sale can increase with increased competition. Finally, we show that a stricter, but not too strict, merger policy tends to increase the incentive for innovations for sale by ensuring the bidding competition for the innovation, without reducing the total rents for innovations too much. |
| 主题 | Industrial Organization |
| 关键词 | Antitrust Competition Competition policy Entrepreneurs Innovations |
| URL | https://cepr.org/publications/dp6816 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535662 |
| 推荐引用方式 GB/T 7714 | Kjell G Salvanes,Carol Propper,Karin Monstad. DP6816 Education and Fertility: Evidence from a Natural Experiment. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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