Résumé
This paper reviews recent studies on the impact of changes in market structure on investments. First, we examine the relationship between competition intensity and investments from both theoretical and empirical perspectives. Second, we discuss the impact of mergers among competing incumbents on firms' incentives to introduce new products and to undertake cost-reducing and quality-enhancing investments. Last, we explore how the acquisition of an innovative entrant by an incumbent can affect the investment incentives of both firms.
Mots-clés
Competition; Investments; Innovation; Mergers; Entry;
Codes JEL
- D43: Oligopoly and Other Forms of Market Imperfection
- L13: Oligopoly and Other Imperfect Markets
- L40: General
Référence
Yassine Lefouili et Leonardo Madio, « Market Structure and Investments : A Progress Report », TSE Working Paper, n° 23-1491, novembre 2023, révision septembre 2024.
Voir aussi
Publié dans
TSE Working Paper, n° 23-1491, novembre 2023, révision septembre 2024