Showing 1 - 10 of 34
Merger efficiencies provide the primary justification for why mergers of competitors may benefit consumers. Surprisingly, there is little evidence that efficiencies can offset incentives to raise prices following mergers. We estimate the effects of increased concentration and efficiencies on...
Persistent link: https://www.econbiz.de/10012459308
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
Large-scale increases in discrimination can lead to dismissals of highly qualified managers. We investigate how expulsions of senior Jewish managers, due to rising discrimination in Nazi Germany, affected large corporations. Firms that lost Jewish managers experienced persistent reductions in...
Persistent link: https://www.econbiz.de/10012533315
Democracy is not an absorbing state; transitions to autocratic rule have been frequent throughout history and often followed periods of instability under democratic rule. In this paper, we ask whether autocrats can win support among voters by showcasing their ability to restore order and to "get...
Persistent link: https://www.econbiz.de/10012458514
Social capital is often associated with desirable political and economic outcomes. This paper contributes to the literature exploring the "dark side" of social capital, examining the downfall of democracy in interwar Germany. We collect new data on the density of associations in 229 German towns...
Persistent link: https://www.econbiz.de/10012459462
How persistent are cultural traits? This paper uses data on anti-Semitism in Germany and finds continuity at the local level over more than half a millennium. When the Black Death hit Europe in 1348-50, killing between one third and one half of the population, its cause was unknown. Many...
Persistent link: https://www.econbiz.de/10012461544
accident mortality rates of youths ages 15 through 17, 18 through 20, and 21 through 24 are negatively related to the real beer … purchase of beer. Simulations suggest that the lives of 1,022 youths between the ages of 18 and 20 would have been saved in a … typical year during the sample period if the Federal excise tax rate on beer, which has been fixed in nominal terms since 1951 …
Persistent link: https://www.econbiz.de/10012477160
This paper investigates changes in cultural consumption patterns for a low concentration industry: wine and beer. Using … data on 38 countries from 1963-2000, there is clear convergence in the consumption of wine relative to beer between 1963 …
Persistent link: https://www.econbiz.de/10012467457
We conduct an empirical case study of the U.S. beer industry to analyze the disruptive effects of locally … generation of adult Millennial consumers. We document a generational share gap: Millennials buy more craft beer than earlier … Baby Boomers, with the remainder explained by intrinsic generational differences in preferences. We predict the beer market …
Persistent link: https://www.econbiz.de/10012496172
data on exports of U.S. linerboard and German beer to a variety of destination markets. The destination-specific panel data …
Persistent link: https://www.econbiz.de/10012473651