研討日期

201212810:30 ~ 12:00

研討地點

台大社會科學院26教室

討論題目

題目

作者

文獻出處

The Effects of Vertical Intergration on Product

Innovation

Ping LIN and Wen ZHOU

Working paper

報告人

林平

參加人員

林平、黃鴻、梁文榮、王光正、陳宏易、蔡明芳、彭正浩、高國峯、陳金盛、王羿傑、丁虹仁、呂得成、鍾暳陵、吳宜謙、黃品錚、許至乙、施姵全

摘要

Among the first to study product innovation in vertically related industries. Able to obtain some clear-cut predictions:

VI hinders input innovation by the merging downstream firm (Proposition 1); Vertical mergers can reduce welfare by preempting potential upstream competition from a downstream innovating firm (Proposition 2); VI promotes input R&D by a non-merging downstream firm that leads to significant improvement (d exceeds a threshold level (Proposition 3). Vertical integration may reduce welfare by eliminating non-merging firm’s R&D incentive (Prop. 4).