Bennato_BDMO_2021_IJIO.pdf (1.98 MB)
Download fileMergers and innovation: Evidence from the hard disk drive market
journal contribution
posted on 2021-07-02, 08:30 authored by Anna Rita BennatoAnna Rita Bennato, Stephen Davies, Franco Mariuzzo, Peter OrmosiThis paper is a retrospective evaluation of how innovation changed following mergers and
subsequent policy interventions after the 5-to-3 consolidation of the worldwide hard disk
drive industry in 2012. It adopts a holistic view of innovation, employing four different
measures: R&D, patents, the number of new models, and their unit prices. This allows us to
distinguish the magnitude of the merging parties innovative efforts from the productivity
of those efforts. Our firm-level approach confirms that there is important heterogeneity
across the players, which we attribute to differences in the severity of remedies required
by competition authorities.
History
School
- Business and Economics
Department
- Economics
Published in
International Journal of Industrial OrganizationVolume
77Publisher
Elsevier BVVersion
- AM (Accepted Manuscript)
Rights holder
© ElsevierPublisher statement
This paper was accepted for publication in the journal International Journal of Industrial Organization and the definitive published version is available at https://doi.org/10.1016/j.ijindorg.2021.102755Acceptance date
2021-05-19Publication date
2021-05-29Copyright date
2021ISSN
0167-7187Publisher version
Language
- en