the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm …We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … stricter, but not too strict, merger and cartel policies tend to increase the incentive for innovations for sale by ensuring …

individuals, we find evidence that high-quality inventions are sold under preemptive bidding competition, post entry. …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm …We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … stricter, but not too strict, merger and cartel policies tend to increase the incentive for innovations for sale by ensuring …

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 …

reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. …Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? We develop a theory … more important when there is an increase in network effects. A consequence is higher innovation incentives under an …

We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary …-enhancing mergers and by preventing concentration in the industry. By spreading the cost of specializing in restructuring over multiple …

effects on the sales price. Moreover, preemptive acquisitions by incumbents are shown to stimulate the process of creative … under bidding competition. …

reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. -- Acquisitions …Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? We develop a theory … more important when there is an increase in network effects. A consequence is higher innovation incentives under an …