González-Maestre, MiguelGranero, Lluís M.2018-07-022018-07-022016-12González-Maestre, Miguel e Lluís M. Granero (2016). "Merger policy in innovative industries". Portuguese Economic Journal, 15(3):131-1471617-982X (print)1617-9838 (online)http://hdl.handle.net/10400.5/15753We analyze optimal merger policy in R&D-intensive industries with product innovation aiming to improve the quality of products. Our results suggest that a permissive merger policy is rarely optimal in high-tech industries when the antitrust authority considers a welfare standard that balances the impact of mergers on con- sumers’ surplus and firms’ profits. In particular, relative to a benchmark where the effects from R&D are absent, we show that the optimal merger policy should not be substantially more permissive in the presence of those effects from R&D.engMerger policyHigh-tech industriesEndogenous qualityOligopolyjournal article10.1007/s10258-016-0122-9