| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15167 |
| DP15167 Killer Acquisitions and Beyond: Policy Effects on Innovation Strategies | |
| Igor Letina; Armin Schmutzler; Regina Seibel | |
| 发表日期 | 2020-08-14 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that 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 prohibiting acquisitions to enhance competition would be justified. |
| 主题 | Industrial Organization |
| 关键词 | Innovation Killer acquisitions Merger policy Potential competition Start-ups |
| URL | https://cepr.org/publications/dp15167 |
| 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/544136 |
| 推荐引用方式 GB/T 7714 | Igor Letina,Armin Schmutzler,Regina Seibel. DP15167 Killer Acquisitions and Beyond: Policy Effects on Innovation Strategies. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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