Working paper

Horizontal Mergers and Innovation

Bruno Jullien, and Yassine Lefouili

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;

JEL codes

  • K21: Antitrust Law
  • L13: Oligopoly and Other Imperfect Markets
  • L40: General

Replaced by

Bruno Jullien, and Yassine Lefouili, Horizontal Mergers and Innovation, Journal of Competition Law and Economics, 2018.

Reference

Bruno Jullien, and Yassine Lefouili, Horizontal Mergers and Innovation, TSE Working Paper, n. 18-892, February 2018, revised May 2018.

See also

Published in

TSE Working Paper, n. 18-892, February 2018, revised May 2018