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Horizontal Mergers and Innovation

Bruno Jullien () and Yassine Lefouili

No 12773, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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 the overall impact of a merger on innovation may be either positive or negative and sheds light on the circumstances under which each of these scenarios is likely to arise. 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: Innovation; Merger Policy; R&D Investments (search for similar items in EconPapers)
JEL-codes: K21 L13 L40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-ino and nep-law
Date: 2018-03
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