-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …

This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions … important merger cases, Facebook/Instagram and Google/Waze, providing a systematic assessment of the theories of harm considered …

technologies protected by a patent and we investigate whether an acquisition by a big tech contributes to their development. For … this analysis, we use patent citations as a proxy for the innovation effort by the acquirer. Our main result is to show … patent belongs to a core technology field of the acquiring firm or to a large patent portfolio. On the contrary, citations by …

.S. "exhausts" all rights of the patentee to that item under the Patent Act. This decision goes against the Government's position … that a foreign sale authorized by the U.S. patentee should exhaust U.S. patent rights by default unless the patentee … subjects the firms that source in the South and sell in the North to the risk of a patent infringement lawsuit but allows the …

We investigate how international patent activity enables firms from emerging economies to thrive in the global … marketplace. We match Chinese customs data to US patent records, and leverage the quasi-random assignment of USPTO patent … examiners to identify the causal effect of a US patent grant on the subsequent export performance of Chinese firms. Successful …

Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be … profitable. The profitability depends on the post-merger contest st ructure, the discriminatory power of the contest and on the …

In several European merger cases competition authorities have demanded that the merging firm auctions off virtual …