Pro-competitive merger under R&D revisited

Mukherjee, Arijit; Ray, Achintya

Abstract

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 are not readily observable.

Citation

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

• Journal Article Type: Article
• Acceptance Date: Apr 22, 2024
• Online Publication Date: May 10, 2024
• Publication Date: 2024-06
• Deposit Date: Apr 29, 2024
• Publicly Available Date: Nov 11, 2025
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Electronic ISSN: 1873-7374
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 239
• Article Number: 111727
• DOI: https://doi.org/10.1016/j.econlet.2024.111727
• Keywords: Merger; Process innovation; Unobservable R&D JEL Classifications: D43; G34; L00; O30
• Public URL: https://nottingham-repository.worktribe.com/output/34321509
• Publisher URL: https://www.sciencedirect.com/science/article/abs/pii/S0165176524002106