Horizontal Mergers and Innovation

Bruno Jullien and Yassine Lefouili

No 18-892, TSE Working Papers from Toulouse School of Economics (TSE)

Abstract: This paper discusses the effects of horizontal mergers on innovation. We rely on the existing academic literature and our own research work to present the various positive and negative effects of mergers on innovation. Our analysis shows that, even in the absence of technological spillovers and R&D complementarities, the overall impact of a merger on innovation may be positive. 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.

Keywords: Merger Policy; Innovation; R&D Investments (search for similar items in EconPapers)
JEL-codes: K21 L13 L40 (search for similar items in EconPapers)
Date: 2018-02, Revised 2018-05
New Economics Papers: this item is included in nep-com, nep-ind, nep-ino, nep-law, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)

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Related works:
Working Paper: Horizontal Mergers and Innovation (2018)
Working Paper: Horizontal mergers and innovation (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:tse:wpaper:32480

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