Mergers and innovation: Evidence from the hard disk drive market
نویسندگان
چکیده
This paper is a retrospective evaluation of how innovation changed following mergers and subsequent policy interventions after the 5-to-3 consolidation worldwide hard disk drive industry in 2012. It adopts holistic view innovation, employing four different measures: R&D, patents, number new models, their unit prices. allows us to distinguish magnitude merging parties innovative efforts from productivity those efforts. Our firm-level approach confirms that there important heterogeneity across players, which we attribute differences severity remedies required by competition authorities.
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2021
ISSN: ['1873-7986', '0167-7187']
DOI: https://doi.org/10.1016/j.ijindorg.2021.102755