The Novelty of Innovation: Competition, Disruption, and Antitrust Policy

Published Online:https://doi.org/10.1287/mnsc.2021.4101

References

  • Adner R, Zemsky P (2005) Disruptive technologies and the emergence of competition. RAND J. Econom. 36(2):229–254.Google Scholar
  • Arrow K (1962) Economic welfare and the allocation of resources for invention. Nelson RR, ed. The Rate and Direction of Inventive Activity: Economic and Social Factors (Princeton University Press, Princeton, NJ), 609–626.CrossrefGoogle Scholar
  • Bloom N, Schankerman M, Reenen JV (2013) Identifying technology spillovers and product market rivalry. Econometrica 81:1347–1393.CrossrefGoogle Scholar
  • Bryan KA, Hovenkamp E (2020a) Antitrust limits on startup acquisitions. Rev. Indust. Organ. 56:615–636.CrossrefGoogle Scholar
  • Bryan KA, Hovenkamp E (2020b) Startup acquisitions, error costs, and antitrust policy. Univ. Chicago Law Rev. 87:331–356.Google Scholar
  • Bryan KA, Lemus J (2017) The direction of innovation. J. Econom. Theory 172:247–272.CrossrefGoogle Scholar
  • Cabral L (2018) Standing on the shoulders of dwarfs: Dominant firms and innovation incentives. Working paper, Stern School of Business, New York University, New York.Google Scholar
  • Cabral LMB (2003) R&D competition when firms choose variance. J. Econom. Management Strategy 12(1):139–150.CrossrefGoogle Scholar
  • Callander S, Matouschek N (2019) The risk of failure: Trial and error learning and long-run performance. Amer. Econom. J. Microeconom. 11(1):44–78.CrossrefGoogle Scholar
  • Christensen, C. M. (1997) The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail (Harvard Business School Press, Boston).Google Scholar
  • Cunningham C, Ederer F, Ma S (2020) Killer acquisitions. J. Political Econom. 129(3):649–702.CrossrefGoogle Scholar
  • Fitzgerald T, Balsmeier B, Fleming L, Manso G (2021) Innovation search strategy and predictable returns. Management Sci. 67(2):1109–1137.LinkGoogle Scholar
  • Gans J (2011) When is static analysis a sufficient proxy for dynamic considerations? Reconsidering antitrust and innovation. Innovation Policy Econom. 11(1):55–78.Google Scholar
  • Gans J (2016) The Disruption Dilemma (MIT Press, Cambridge, MA).CrossrefGoogle Scholar
  • Gans JS (2017) Negotiating for the market. Adv. Strategic Management 37:3–36.Google Scholar
  • Gans JS, Stern S (2000) Incumbency and R&D incentives: Licensing the gale of creative destruction. J. Econom. Management Strategy 9(4):485–511.CrossrefGoogle Scholar
  • Gans JS, Hsu DH, Stern S (2002) When does start-up innovation spur the gale of creative destruction? RAND J. Econom. 33(4):571–586.CrossrefGoogle Scholar
  • Gilbert RJ (2019) Competition, mergers, and R&D diversity. Rev. Indust. Organ. 54:465–484.CrossrefGoogle Scholar
  • Gilbert RJ, Newbery DMG (1982) Preemptive patenting and the persistence of monopoly. Amer. Econom. Rev. 72(3):514–526.Google Scholar
  • Hotelling H (1929) Stability in competition. Econom. J. 39(153):41–57.Google Scholar
  • Kamepalli SK, Rajan R, Zingales L (2021) Kill zone. Working paper, Columbia University.Google Scholar
  • Katz ML, Shapiro C (1985) On the licensing of innovations. RAND J. Econom. 16:504–520.CrossrefGoogle Scholar
  • Letina I (2016) The road not taken: Competition and the R&D portfolio. RAND J. Econom. 47:433–460.CrossrefGoogle Scholar
  • Letina I, Schmutzler A (2019) Inducing variety: A theory of innovation contests. Internat. Econom. Rev. 60(4):1757–1780.CrossrefGoogle Scholar
  • Letina I, Schmutzler A, Seibel R (2020) Killer acquisitions and beyond: Policy effects on innovation strategies. Working paper, University of Bern, Bern, Switzerland.Google Scholar
  • Meagher KJ, Zauner KG (2004) Product differentiation and location decisions under demand uncertainty. J. Econom. Theory 117(2):201–216.CrossrefGoogle Scholar
  • Moraga-Gonzalez J-L, Motchenkova E, Nevrekar S (2019) Mergers and innovation portfolios. Working paper, Vrije Universiteit Amsterdam, Amsterdam.Google Scholar
  • Philippon T (2019) The Great Reversal: How America Gave up on Free Markets (Harvard University Press, Boston).Google Scholar
  • Rasmusen E (1988) Entry for buyout. J. Indust. Econom. 36(3):281–299.CrossrefGoogle Scholar
  • Rogers E (1962) Diffusion of Innovations (Free Press of Glencoe, Glencoe, IL).Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.