Search

Showing 17,681-17,700 of 17,795 items.

The Effect of Mergers on Innovation

By Kaustav Das, Tatiana Mayskaya, and Arina Nikandrova

American Economic Journal: Microeconomics

We study the effect of a merger on R&D activity in a dynamic model with uncertainty about the feasibility of innovation. The merger has three effects: it may reduce the number of follow-up innovations (cannibalization effect), increase the probability ...