Résumé
In this paper, we review recent studies on the impact of mergers on investments. We begin by examining how mergers among competing incumbents inf luence firms’ incentives to develop new products and undertake cost-reducing or quality-enhancing investment. We then analyze how an incumbent’s acquisition of an innovative entrant affects the investment incentives of both parties. Next, we discuss the effects of vertical mergers on the investment decisions of both upstream and downstream firms. Finally, we highlight several policy-relevant insights from the literature and suggest directions for future research.
Mots-clés
Competition; Investment; Innovation; Mergers; Entry;
Codes JEL
- D43: Oligopoly and Other Forms of Market Imperfection
- L13: Oligopoly and Other Imperfect Markets
- L40: General
Référence
Yassine Lefouili et Leonardo Madio, « Mergers and Investments: Where Do We Stand? », International Journal of Industrial Organization, vol. 105, n° 103269, avril 2026.
Voir aussi
Publié dans
International Journal of Industrial Organization, vol. 105, n° 103269, avril 2026