Merger and product innovation under cross ownership and cooperative R&D

作者：Mukherjee, Arijit^*

来源：Economics Letters, 2023, 233: 111418.

DOI：10.1016/j.econlet.2023.111418

• Cooperative R&D
• Cross ownership
• Merger
• Product innovation

We show that merger may increase investments in product innovation, and expected welfare if there is either passive cross ownership or cooperative research. Hence, the antitrust authorities may not need to be too concerned about mergers in these situations.

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