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- Title
HORIZONTAL MERGERS AND INNOVATION ‡.
- Authors
Jullien, Bruno; Lefouili, Yassine
- Abstract
This paper discusses the effects of horizontal mergers on innovation. We rely on the existing academic literature and our own research to present the various positive and negative effects of mergers on innovation. Our analysis shows that the overall impact of a merger on innovation may be either positive or negative and sheds light on the circumstances under which each of these scenarios is likely to arise. We derive a number of policy implications regarding the way innovation effects should be handled by competition authorities in merger control and highlight the differences with the analysis of price effects.
- Subjects
INNOVATIONS in business; MERGERS &; acquisitions; HORIZONTAL integration; ECONOMIC competition laws; PRICING; CREATIVE ability; ECONOMIC policy; ECONOMIC competition
- Publication
Journal of Competition Law & Economics, 2018, Vol 14, Issue 3, p364
- ISSN
1744-6414
- Publication type
Article
- DOI
10.1093/joclec/nhy010