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The effects of startup acquisitions on innovation and economic growth

Fons-Rosen, Christian; Roldan-Blanco, Pau; Schmitz, Tom - 2022

Innovative startups are frequently acquired by large incumbent firms. On the one hand, these acquisitions provide an … startups just to "kill" their ideas, and acquisitions can erode incumbents' own innovation incentives. Our paper aims to assess … the net effect of these forces. To do so, we build an endogenous growth model with heterogeneous firms and acquisitions …

Persistent link: https://www.econbiz.de/10014480717

Acquisitions versus entry: The evolution of concentration

Aydemir, Zava; Schmutzler, Armin - 2002

apply the framework to a Cournot model with cost synergies and a Bertrand model where acquisitions extend the product …

Persistent link: https://www.econbiz.de/10010315536

Foreign acquisition, plant survival, and employment growth

Bandick, Roger; Görg, Holger - 2009

This paper analyses the effect of foreign acquisition on survival probability and employment growth of target plant using data on Swedish manufacturing plants during the period 1993-2002. An improvement over previous studies is that we take into account firm level heterogeneity by separating the...

Persistent link: https://www.econbiz.de/10012654345

The Interaction Between Technology Adoption and TradeWhen Firms are Heterogeneous

Unel, Bulent - Louisiana State University <Baton Rouge, La.> / E. J. … - 2010

This paper develops a monopolistic competition model with heterogeneous firms tostudy the interaction between technology adoption and trade in a world of two countriesfacing different technology adoption costs. It shows that a reduction in the technologyadoption cost in one country increases the...

Persistent link: https://www.econbiz.de/10009302524

Quality Heterogeneity andGlobal Economic Growth

Dinopoulos, Elias; Unel, Bulent - Louisiana State University <Baton Rouge, La.> / E. J. … - 2009

This paper develops a fully-endogenous, variety-expansion growth model with firm-specific quality heterogeneity, limit pricing, and an endogenous distribution of markups.Trade induces only firms with high-quality products to export, whereas firms with low-quality products serve only the domestic...

Persistent link: https://www.econbiz.de/10009302529

Price discrimination and business-cycle risk

Cornia, Marco; Gerardi, Kristopher S.; Shapiro, Adam Hale - 2011

A parsimonious theoretical model of second degree price discrimination suggests that the business cycle will affect the degree to which firms are able to price-discriminate between different consumer types. We analyze price dispersion in the airline industry to assess how price discrimination...

Persistent link: https://www.econbiz.de/10010292230

Undocumented worker employment and firm survivability

Brown, J. David; Hotchkiss, Julie L.; Quispe-Agnoli, Myriam - 2008

Do firms employing undocumented workers have a competitive advantage? Using administrative data from the state of Georgia, this paper investigates the incidence of undocumented worker employment across firms and how it affects firm survival. Firms are found to engage in herding behavior, being...

Persistent link: https://www.econbiz.de/10010292269

Optimal corporate leniency programs

Harrington, Joseph E. - 2005

This study characterizes the corporate leniency policy that minimizes the frequency with which collusion occurs. Though it can be optimal to provide only partial leniency, plausible sufficient conditions are provided whereby the antitrust authority should waive all penalties for the first firm...

Persistent link: https://www.econbiz.de/10010293443

Cartel pricing dynamics in the presence of an antitrust authority

Harrington, Joseph E. - 2002

Price-fixing is characterized when firms are concerned about creating suspicions that a cartel has formed. Antitrust laws have a complex effect on pricing as they interact with the conditions determining the internal stability of the cartel. Dynamics are driven by two forces - the sensitivity of...

Persistent link: https://www.econbiz.de/10010293446

Optimal cartel pricing in the presence of an antitrust authority

Harrington, Joseph E. - 2001

Price dynamics are characterized when a price-fixing cartel is concerned about creating suspicions of the presence of a cartel A dynamical extension of static models yields the counterfactual prediction that the cartel initially raises price and then gradually lowers it An alternative...

Persistent link: https://www.econbiz.de/10010293483