Merger and product innovation under cross ownership and cooperative R&D

Mukherjee, Arijit

Abstract

We show that merger may increase investments in product innovation, and expected welfare if there is either passive cross ownership or cooperative research. Hence, the antitrust authorities may not need to be too concerned about mergers in these situations.

Citation

Mukherjee, A. (2023). Merger and product innovation under cross ownership and cooperative R&D. Economics Letters, 233, Article 111418. https://doi.org/10.1016/j.econlet.2023.111418

• Journal Article Type: Article
• Acceptance Date: Oct 20, 2023
• Online Publication Date: Nov 3, 2023
• Publication Date: Dec 1, 2023
• Deposit Date: Nov 15, 2023
• Publicly Available Date: Nov 15, 2023
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Electronic ISSN: 1873-7374
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 233
• Article Number: 111418
• DOI: https://doi.org/10.1016/j.econlet.2023.111418
• Keywords: Cooperative R&D; Cross ownership; Merger; Product innovation
• Public URL: https://nottingham-repository.worktribe.com/output/26538981
• Publisher URL: https://www.sciencedirect.com/science/article/pii/S0165176523004445?via%3Dihub
• Additional Information: This article is maintained by: Elsevier; Article Title: Merger and product innovation under cross ownership and cooperative R&D; Journal Title: Economics Letters; CrossRef DOI link to publisher maintained version: https://doi.org/10.1016/j.econlet.2023.111418; Content Type: article; Copyright: © 2023 The Author. Published by Elsevier B.V.; ; Industry, Innovation and Infrastructure