Witte, Kristof De; Dijkgraaf, Elbert - Tinbergen Instituut - 2007
See also the article 'Mean and bold: on separating merger economies from structural efficiency gains in the drinking … benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops … merger economies into scale economies and increased incentives to fight inefficiencies. Although we detect a significant …