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Mergers as reallocation

Author: Boyan Jovanovic; Peter L Rousseau; National Bureau of Economic Research.
Publisher: Cambridge, MA. : National Bureau of Economic Research, ©2002.
Series: Working paper series (National Bureau of Economic Research), no. 9279.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: We argue that takeovers have played a major role in speeding up the diffusion of new technology. The role that they play is similar to that of entry and exit of firms. We focus on and compare two periods: 1890-1930 during which electricity and the internal combustion engine spread through the U.S. economy, and 1971-2001 . the Information Age.
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Boyan Jovanovic; Peter L Rousseau; National Bureau of Economic Research.
OCLC Number: 51180826
Notes: "October 2002."
Description: 1 online resource (25 pages) : graphs.
Series Title: Working paper series (National Bureau of Economic Research), no. 9279.
Responsibility: Boyan Jovanovic, Peter L. Rousseau.

Abstract:

Abstract: We argue that takeovers have played a major role in speeding up the diffusion of new technology. The role that they play is similar to that of entry and exit of firms. We focus on and compare two periods: 1890-1930 during which electricity and the internal combustion engine spread through the U.S. economy, and 1971-2001 . the Information Age.

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