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Innovation competition assessment by competition authorities

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Competition authorities may look beyond price when assessing the competitive effects of mergers and acquisitions (M&A); innovation is another important dimension of competition. Although the analytical tools used by competition authorities to predict the effect of a merger on price are familiar to practitioners, the methods used to assess the effect of a merger on innovation may not be. This article describes some of the methods used by competition authorities to identify how mergers may affect innovation. These include analysis of research and development (R&D) capabilities, internal documents, and statements of key opinion leaders.