restrictive. Across both modeling approaches, we offer a novel insight: the shape of investment costs, and by implication the pre-merger … level of innovation, can be pivotal in determining whether a merger strengthens or weakens firms' incentives to invest in R …

Digital platforms, ecosystems, and R&D-intensive sectors pose distinctive challenges for merger control. In these fast … anticipating long-term outcomes. This paper proposes a multi-step merger control model that includes a mechanism for remedy … flexibility into merger decisions, our approach enables remedies to evolve in response to market reconfigurations, strategic …