TY  - JOUR
AU  - Jovanovic,Boyan
AU  - Rousseau,Peter L.
TI  - Mergers as Reallocation
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9279
PY  - 2002
Y2  - October 2002
UR  - http://www.nber.org/papers/w9279
L1  - http://www.nber.org/papers/w9279.pdf
N1  - Author contact info:
Boyan Jovanovic
New York University
Department of Economics
19 W. 4th Street, 6th Floor
New York, NY  10012
Tel: 212/998-8953
Fax: 212/995-4186
E-Mail: Boyan.Jovanovic@nyu.edu

Peter L. Rousseau
Department of Economics
Vanderbilt University
VU Station B #351819
2301 Vanderbilt Place
Nashville, TN 37235-1819
Tel: 615/343-2466
E-Mail: peter.l.rousseau@vanderbilt.edu
AB  - 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.
ER  -