Price-Fixing Cartels and Firm Innovation

The author thanks Department Editor Ashish Arora and the editorial team for their insightful comments and input. The author is grateful to Steve Tadelis, Reed Walker, Lee Fleming, and Abhishek Nagaraj for their invaluable support. Wes Cohen, Leslie Marx, Danny Sokol, Nathan Wilson, Nan Jia, and Danial Asmat also provided insightful feedback. The author thanks the participants at the 2017 Kauffman Entrepreneurship Mentoring Workshop, the 2017 Kauffman Entrepreneurship Scholars Conference, the 2018 Consortium on Competitiveness and Cooperation, the 2018 International Schumpeter Society Conference, the 2018/2019 Academy of Management Meeting, the 2018 Roundtable for Engineering Entrepreneurship Research Conference, the 2018 Institute for Operations Research and the Management Sciences/Organization Science Dissertation Proposal Competition, the 2018 Fall National Bureau of Economic Research Productivity Lunch, and the 2019 International Industrial Organization Conference. The author is also thankful to seminar participants at Berkeley, Rice, Utah, Colorado-Boulder, University of Southern California, University of Illinois Urbana-Champaign, Georgia Tech, Duke, Cambridge, and Seoul National University. This paper is based, in part, on the author’s PhD dissertation and was previously circulated under the title “How Does Price Competition Affect Innovation? Evidence from U.S. Antitrust Cases.” Any opinions expressed herein are the author’s own as are all remaining errors.