Killer Acquisitions
0
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
Killer-Acquisitions – acquisitions in which an acquirer abandons the product development of a target firm after having acquired it – have been a growing concern of policy makers, especially given the high mergers and acquisitions activity of Big Tech. This paper offers a survey on the recent literature on startup acquisition, and what criterions antitrust authorities should pay attention to when evaluating a merger between an incumbent and a startup.
Abstract
Killer-Acquisitions – acquisitions in which an acquirer abandons the product development of a target firm after having acquired it – have been a growing concern of policy makers, especially given the high mergers and acquisitions activity of Big Tech. This paper offers a survey on the recent literature on startup acquisition, and what criterions antitrust authorities should pay attention to when evaluating a merger between an incumbent and a startup.
참고문헌 (22)
- Aghion, P., "A Model of Growth Through Creative Destruction", Econometrica, 60(2), pp.323~351 (1992)
- Arrow, K., "The Rate and Direction of Inventive Activity: Economic and Social Factors" (1962), Princeton University Press
- Awaya, Y., "Startups and Upstarts : Disadvantageous Information in R&D", Journal of Political Economy, 129(2), pp.534~569 (2021)
- Bisceglia, M., "Optimal Exit Policy with Uncertain Demand", The Journal of Industrial Economics (2023)
- Bryan, K. A., "Antitrust Limits on Startup Acquisitions", Review of Industrial Organization, 56(4), pp.615~636 (2020)
- Standing on the Shoulders of Dwarfs: Dominant Firms and Innovation Incentives, "Cabral, L.", C.E.P.R. Discussion, ~, pp.CEPR Discussion Papers 13115 (2018)
- Callander, S., "The Novelty of Innovation : Competition, Disruption, and Antitrust Policy", Management Science, 68(1), pp.37~51 (2022)
- Christensen, C. M., "The Innovator’s Dilemma : When New Technologies Cause Great Firms to Fail" (1997), Harvard Business Review Press
- Cunningham, C., "Killer Acquisitions", Journal of Political Economy, 129(3), pp.649~702 (2021)
- Denicolò, V., "Duplicative research, mergers and innovation", Economics Letters, 166, pp.56~59 (2018)
- "Innovation and the Entrenchment of Monopoly" (2021)[URL]
- Federico, G., "A simple model of mergers and innovation", Economics Letters, 157, pp.136~140 (2017)
- "Shelving or developing? Optimal policy for mergers with potential competitors" (2023)[URL]
- Gautier, A., "Mergers in the digital economy", Information Economics and Policy, 54 (2021)
- Gilbert, R. J., "Dynamic merger policy and pre-merger product choice by an entrant", International Journal of Industrial Organization, 81 (2022)
- Guéron, Y., "Learning by Selling, Knowledge Spillovers, and Patents", The Journal of Industrial Economics, 70(4), pp.867~912 (2022)
- "Merger and Entry Dynamics with Learning" (2024)[URL]
- Henderson, R. M., "Architectural Innovation : The Reconfiguration of Existing Product Technologies and the Failure of Established Firms", Administrative Science Quarterly, 35(1), pp.9~30 (1990)
- National Bureau of Economic Research, No. w27146, "Kamepalli, S. K.", ~ (2020)
- Killer Acquisitions and Beyond: Policy Effects on Innovation Strategies, "Letina, I.", University of Zurich, Department of Economics, ~, pp.Working Paper 358 (2021)
- Motta, M., "Big tech mergers", Information Economics and Policy, 54 (2021)
- Rasmusen, E., "Entry for Buyout", The Journal of Industrial Economics, 36(3), pp.281~299 (1988)