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Merger efficiencies provide the primary justification for why mergers of competitors may benefit consumers … merger of Miller and Coors breweries was expected to increase concentration and reduce costs. All else equal, the average … predicted increase in concentration lead to price increases of two percent, but at the mean this was offset by a nearly equal …
Persistent link: https://www.econbiz.de/10012459308
framework. The cost efficiency and increased upstream market power impacts of this merger are quantitively measured and, more … studied. In a vertical relationship, the upstream shock does not fully pass through to the retail price because of post-merger …This paper studies the 2008 MillerCoors joint venture in the U.S. beer industry through a vertically related market …
Persistent link: https://www.econbiz.de/10014076486
method to study merger effects on firm entry and product variety in the retail craft beer market in California. We simulate … an acquisition of multiple craft breweries by a large brewery and find that the acquisition would induce firm entry and …
Persistent link: https://www.econbiz.de/10013334365
Persistent link: https://www.econbiz.de/10011567763
We study the effects of merger on firm entry, product variety and prices in the retail craft beer market in California … a counterfactual merger where a large brewery acquires multiple craft breweries. In most markets, we find that new firms … likely to see an increase in product variety, which moderates the loss of consumer surplus from the merger's price effects …
Persistent link: https://www.econbiz.de/10012824640
study regressions to capture firms' price changes due to this merger/divestiture event. Our empirical analysis reveals … approving this merger/divestiture event was sufficient to maintain pre-event competition in the US beer market …This paper evaluates the impact on prices of the 2013 merger between Anheuser-Busch InBev(ABI) and Grupo Modelo and the …
Persistent link: https://www.econbiz.de/10014262194
The global beer industry has transformed dramatically in recent decades. Two key trends include 1) consolidation … resulting from mergers, acquisitions and joint ventures, and 2) the largest firms expanding into new regions. While beer was … Western Europe. The primary products of the largest firms are pale lagers, with ales and numerous other potential beer …
Persistent link: https://www.econbiz.de/10013081615
Persistent link: https://www.econbiz.de/10011618093
(1) Background: Big brewers, which have experienced declining sales for their beer brands in the last decade, have been … barrels per year) taking advantage of the increasing sales of craft beer by emulating these products or by acquiring craft … ownership of U.S. mainstream and craft beer brands was decoded and visualized. In addition, an exploratory case study analyzed …
Persistent link: https://www.econbiz.de/10011774094
build off of the fact that in the past thirty years in the U.S. beer industry, as the number of beer producers (i.e. brewers …
Persistent link: https://www.econbiz.de/10012911506