25 research outputs found
KILLER ACQUISITIONS AND BEYOND: POLICY EFFECTS ON INNOVATION STRATEGIES
This article provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a foundation for the analysis of acquisition policy. We show that, in spite of countervailing incentives on incumbents and entrants, prohibiting acquisitions has a weakly negative overall innovation effect. We provide conditions determining the size of the effect and conditions under which it is zero. We further analyze the effects of less restrictive policies, including merger remedies and the tax treatment of acquisitions and initial public offerings. Such interventions tend to prevent acquisitions only if the entrant has sufficiently high stand-alone profits
Killer acquisitions and beyond: policy effects on innovation strategies
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect. We provide conditions determining the size of the effect and, in particular, conditions under which it is zero. We further analyze the effects of less restrictive policies, including merger remedies and the tax treatment of acquisitions and initial public offerings. Such interventions tend to prevent acquisitions only if the entrant has sufficiently high stand-alone profits
Killer Acquisitions and Beyond: Policy Effects on Innovation Strategies
This paper provides a theory of strategic innovation project choice by incumbents
and start-ups. We show that prohibiting killer acquisitions strictly reduces the variety
of innovation projects. By contrast, we find that prohibiting other acquisitions only
has a weakly negative innovation effect, and we provide conditions under which the
effect is zero. Furthermore, for both killer and other acquisitions, we identify market
conditions under which the innovation effect is small, so that prohibiting acquisitions
to enhance competition would be justified
Influence of Coupling Agents on Partial Discharge and Electrical Breakdown of Syntactic Foams at LNT
Influence of Coupling Agents on Partial Discharge and Electrical Breakdown of Syntactic Foams at LNT
Syntactic foam as an alternative electrical insulation material for superconducting cable systems
UR-DEBa242: A Py-5-Labeled Fluorescent Multipurpose Probe for Investigations on the Histamine H3 and H4 Receptors
Comprehensively characterized fluorescent probes for the histamine H-3 receptor (H3R) and especially for the H4R orthologs [e.g., human (h) and mouse (m)] are highly needed as versatile complementary tools to radioligands. In view of fluorescent probes for BRET-based binding studies and for localizing the H4R in live cells, we synthesized and biologically characterized Py-5-labeled histamine derivatives. The most notable compound was UR-DEBa242 (26, 1-[4-(1H-Imidazol-4-yl)butyl]-4-{(1E,3E)-4-[4-(dimethylamino)phenyl]buta-1,3-dienyl}-2,6-dimethylpyridinium hydrotrifluoroacetate trifluoroacetate), acting as a partial agonist at the hH(3)R [pEC(50) (reporter gene) 8.77] and as an inverse agonist/antagonist at the h/mH(4)Rs [pIC(50) (reporter gene) 8.76/7.08; pIC(50)/pK(b) (beta-arrestin2) 7.81/7.30]. In confocal microscopy, 26 proved suitable for hH(4)R localization and trafficking studies in live cells. BRET-based binding at the NLuc-hH(3,4)Rs/mH(4)R [pK(d) 8.78/7.75/7.18, comparable to binding constants from radioligand binding/flow cytometry; fast association/dissociation (similar to 2 min)] revealed 26 as a useful molecular tool to determine hH(3,4)Rs/mH(4)R binding affinities of ligands binding to these receptors