G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15167
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
URLhttps://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.
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