Showing 1 - 10 of 157
Recent years have witnessed an increased interest, by competition agencies, in assessing the competitive effects of partial acquisitions. We propose an empirical structural methodology to examine quantitatively the unilateral impact of partial acquisitions involving pure financial interests...
Persistent link: https://www.econbiz.de/10011084091
The growth of private-equity investment strategies in which firms often hold partial ownership interests in competing firms has led competition agencies to take an increased interest in assessing the competitive effects of partial horizontal acquisitions. We propose a methodology to evaluate the...
Persistent link: https://www.econbiz.de/10011084532
Persistent link: https://www.econbiz.de/10010816318
This paper employs a nation-wide sample of supermarket scanner data to estimate a large brandlevel demand system for beer in the U.S. Unlike previous studies, this work estimates the ownand cross-advertising elasticities in addition to price elasticities. The dimensionality problem is solved...
Persistent link: https://www.econbiz.de/10010816322
In spite of growing consumers’ interest for functional foods and strong growth of their markets, limited knowledge of the demand for these products and their profitability is available. Adapting the LA/AIDS model by means of Pinkse, Slade, and Brett’s (2002) distance metric method, this...
Persistent link: https://www.econbiz.de/10010816332
This article examines the impact of Wal-Mart Supercenters’ entry on incumbents’ pricing behavior and demand. Using a structural model and milk data from the Dallas/Fort Worth supermarket chains, empirical results show that an expansion of Supercenters caused incumbents to price milk...
Persistent link: https://www.econbiz.de/10010816340
The introduction of new products is an important method of competition in many markets. Towards understanding its impact on competition and welfare, this paper estimates the effects of Crystal Pepsi being introduced by PepsiCo. Estimating a structural model of the soft drink market, the...
Persistent link: https://www.econbiz.de/10010816345
This paper examines the effectiveness of four policy options to decrease the consumption of carbonated soft drinks … option and a tax on calories was found to be the weakest in terms of effectiveness in decreasing the consumption of CSDs. The … declines in the national consumption of CSDs were found to be approximately -6.3%, -15.4%, -15.5% and -15.8 for a tax …
Persistent link: https://www.econbiz.de/10010816369
This article quantifies the impact of Wal-Mart Supercenters on supermarkets’ profitability via a two-stage dynamic entry game, using method of simulated moments and milk scanner data from Dallas/Fort Worth supermarkets. The empirical findings show that the entry of Wal-Mart Supercenters...
Persistent link: https://www.econbiz.de/10010816373
.S. cities over 20 quarters (1988-92) to estimate the consumers’ taste for beer characteristics (price, alcohol content, and …
Persistent link: https://www.econbiz.de/10010816374