| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16031 |
| DP16031 Mergers and Demand-Enhancing Innovation | |
| Marc Bourreau; Bruno Jullien; Yassine Lefouili | |
| 发表日期 | 2021-04-12 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We study the impact of horizontal mergers on merging firms’ incentives to invest in demand-enhancing innovation. In our baseline model, we identify four effects of a symmetric merger on these incentives: the innovation diversion effect, the margin expansion effect, the demand expansion effect, and the per unit return to innovation effect. We offer sufficient conditions for a merger to reduce or raise merging firms’ incentives to innovate in the absence of spillovers and efficiency gains in R&D, and find that a comparison between the innovation diversion and price diversion ratios is informative about the impact of a merger on innovation. |
| 主题 | Industrial Organization |
| 关键词 | Horizontal mergers Innovation Competition |
| URL | https://cepr.org/publications/dp16031 |
| 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/545012 |
| 推荐引用方式 GB/T 7714 | Marc Bourreau,Bruno Jullien,Yassine Lefouili. DP16031 Mergers and Demand-Enhancing Innovation. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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