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dc.contributor.authorKleer, Robinen
dc.date.accessioned2009-01-29T14:57:33Z-
dc.date.available2009-01-29T14:57:33Z-
dc.date.issued2006-
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-theoretical analyses of the merger-innovation link is sparse. The aim of this paper is to analyze the impact of mergers on innovative 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 investment strategies depend on the resulting market structure and differ significantly from insider to outsider. In our linear model mergers turn out to increase social surplus.en
dc.language.isoengen
dc.publisher|aUniversity of Würzburg, Department of Economics |cWürzburgen
dc.relation.ispartofseries|aW.E.P. - Würzburg Economic Papers |x73en
dc.subject.jelG34en
dc.subject.jelO31en
dc.subject.jelL22en
dc.subject.jelL13en
dc.subject.ddc330en
dc.subject.keywordHorizontal mergersen
dc.subject.keywordinnovationen
dc.subject.keywordresearch joint ventureen
dc.subject.keywordmarket structureen
dc.titleThe Effect of Mergers on the Incentive to Invest in Cost Reducing Innovations-
dc.typeWorking Paperen
dc.identifier.ppn52096571Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wuewep:73en

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