Marc Bourreau, Professeur d’économie, Télécom Paris – Institut Polytechnique de Paris

Jeudi 2 octobre 2025, nous accueillons Marc Bourreau, Professeur d’économie, Télécom Paris – Institut Polytechnique de Paris.

Marc Bourreau travaille sur l'économie industrielle, la politique de la concurrence et la régulation, l’économie numérique et les télécommunications.
 

Titre de sa présentation : Innovation and Startup Acquisition, article co-écrit avec Axel Gautier.

Résumé : In this paper, we consider two platforms that compete for the development of a new product to integrate into their ecosystems. The new product can be developed either in-house by the platforms or by an independent startup active only in the technology market. The presence of the startup affects the platforms’ R&D efforts through an insurance effect, which reduces the cost of failure in innovation, and a competition effect, which diminishes the returns to innovation. The magnitude of these effects depends on the attitude of the competition authorities towards the acquisition of the startup by one of the platforms. We show that allowing acquisitions stimulates platform innovation, but at the cost of a more concentrated market structure. We also compare the funding of the startup by independent venture capitalists or by the platforms themselves, and investigate how the merger regime influences the direction of the startup’s innovation.
 

Le séminaire a lieu à 13h30 en salle 227.