We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …

are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process …

. -- Entrepreneurship ; Innovation ; Start-ups ; Ownership ; Breakthrough ; Quality …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …

Liberalization ; Mergers & Acquisitions ; Corporate Governance ; Ownership … seller can be determined. We show that policies blocking foreign acquisitions to protect the domestic industry can be … restrictions. This calls for a "financial" efficiency defense in the merger law. We also show that cross-border M&As are not only …

are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process …