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We assess the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little to the performance of brands. On average, foreign...
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the structural, non-(log-)linear impact of trade barriers on trade in new trade theory models. Structural new trade theory … empirical model which takes into account both that preferential trade agreement membership is endogenous and that the world …
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