Pro-competitive merger under R&D revisited
(2024)
Journal Article
Mukherjee, A., & Ray, A. (2024). Pro-competitive merger under R&D revisited. Economics Letters, 239, Article 111727. https://doi.org/10.1016/j.econlet.2024.111727
Mergers may increase process innovation and become pro-competitive compared to non-cooperation if firms cannot observe rivals' R&D investments. Hence, the antitrust authorities may not need to be overly concerned about mergers when R&D investments ar... Read More about Pro-competitive merger under R&D revisited.