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Innovation Considerations in Horizontal Merger Control

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  • Ioannis Kokkoris
  • Tommaso Valletti

Abstract

This paper focuses on the assessment of mergers and in particular on unilateral effects analysis where innovation plays an important role. The paper discusses the economic theories behind innovation, how we move from the traditional product-by-product market definition to pipeline competition and innovation competition and the concept of innovation space. The paper provides a structural analysis of unilateral effects in such markets analyzing how competition authorities should assess a transaction where the main theory of harm is based on innovation considerations.

Suggested Citation

  • Ioannis Kokkoris & Tommaso Valletti, 2020. "Innovation Considerations in Horizontal Merger Control," Journal of Competition Law and Economics, Oxford University Press, vol. 16(2), pages 220-261.
    • Handle: RePEc:oup:jcomle:v:16:y:2020:i:2:p:220-261.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhaa008
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    Cited by:

    1. Tommaso Valletti & Hans Zenger, 2021. "Mergers with Differentiated Products: Where Do We Stand?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 58(1), pages 179-212, February.
    2. Motta, Massimo & Peitz, Martin, 2021. "Big tech mergers," Information Economics and Policy, Elsevier, vol. 54(C).
    3. Julie Bon & San Sau Fung & Alan Reilly & Terry Ridout & Robert Ryan & Mike Walker, 2021. "Recent Developments at the CMA: 2020–2021," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 59(4), pages 665-692, December.
    4. Bakaouka, Elpiniki & Escrihuela-Villar, Marc & Ferrarese, Walter, 2024. "Horizontal mergers with Bertrand competition and convex costs," Mathematical Social Sciences, Elsevier, vol. 128(C), pages 60-67.
    5. Lancieri, Filippo Maria & Valleti, Tommaso, 2024. "Towards an effective merger review policy: A defence of rebuttable structural presumptions," Working Papers 345, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.

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