Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22366
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dc.contributor.authorKleer, Robinen_US
dc.date.accessioned2009-01-29T14:57:33Z-
dc.date.available2009-01-29T14:57:33Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/22366-
dc.description.abstractBoth mergers and innovation are central elements of a firm?s competitive strategy. However, model-theoreticalanalyses of the merger-innovation link is sparse. The aim of this paper is to analyze the impact of mergers oninnovative activities and product market competition in the context of incremental process innovations.Inefficiencies due to organizational problems of mergers are accounted for. We show that optimal investmentstrategies depend on the resulting market structure and differ significantly from insider to outsider. In our linearmodel mergers turn out to increase social surplus.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aWürzburg economic papers |x73en_US
dc.subject.jelG34en_US
dc.subject.jelO31en_US
dc.subject.jelL22en_US
dc.subject.jelL13en_US
dc.subject.ddc330en_US
dc.subject.keywordHorizontal mergersen_US
dc.subject.keywordinnovationen_US
dc.subject.keywordresearch joint ventureen_US
dc.subject.keywordmarket structureen_US
dc.titleThe Effect of Mergers on the Incentive to Invest in Cost Reducing Innovationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn52096571Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:wuewep:73-

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