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Efficiencies Brewed : Pricing and Consolidation in the U.S. Beer Industry

Ashenfelter, Orley C. - 2013

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

Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety

Fan, Ying; Yang, Chenyu - National Bureau of Economic Research - 2022

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

Millennials and the Take-Off of Craft Brands : Preference Formation in the U.S. Beer Industry

Bronnenberg, Bart J.; Dube, Jean-Pierre H.; Joo, Joonhwi - National Bureau of Economic Research - 2021

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

Dynamic Oligopoly Pricing with Asymmetric Information : Implications for Horizontal Mergers

Sweeting, Andrew; Tao, Xuezhen; Yao, Xinlu - National Bureau of Economic Research - 2021

are restricted to lie in narrow ranges. We calibrate our model using data from the beer industry, and we show that our … model can explain changes in price levels and price dynamics after the 2008 MillerCoors joint venture …

Persistent link: https://www.econbiz.de/10012496143

Estimating market power Evidence from the US Brewing Industry

De Loecker, Jan - 2016

While inferring markups from demand data is common practice, estimation relies on difficult-to-test assumptions, including a specific model of how firms compete. Alternatively, markups can be inferred from production data, again relying on a set of difficult-to-test assumptions, but a wholly...

Persistent link: https://www.econbiz.de/10012455723

Organizational Frictions and Increasing Returns to Automation : Lessons from AT&T in the Twentieth Century

Feigenbaum, James J.; Gross, Daniel P. - National Bureau of Economic Research - 2021

AT&T was the largest U.S. firm for most of the 20th century. Telephone operators once comprised over 50% of its workforce, but in the late 1910s it initiated a decades-long process of automating telephone operation with mechanical call switching--a technology first invented in the 1880s. We...

Persistent link: https://www.econbiz.de/10012794608

Is the U.S. public corporation in trouble?

Kahle, Kathleen - 2016

We examine the current state of the U.S. public corporation and how it has evolved over the last 40 years. After falling by 50 percent since its peak in 1997, the number of public corporations is now smaller than 40 years ago. These corporations are now much larger and over the last twenty years...

Persistent link: https://www.econbiz.de/10012455823

Federal Reserve Structure and the Production of Monetary Policy Ideas

Bordo, Michael D.; Prescott, Edward Simpson - National Bureau of Economic Research - 2023

We evaluate the decentralized structure of the Federal Reserve System as a mechanism for generating and processing new ideas on monetary policy over the 1960 - 2000 period. We document the introduction of monetarism, rational expectations, credibility, transparency, and other monetary policy...

Persistent link: https://www.econbiz.de/10014437046

How Do Copayment Coupons Affect Branded Drug Prices and Quantities Purchased?

Dafny, Leemore S.; Ho, Katherine; Kong, Edward - National Bureau of Economic Research - 2022

equilibrium price effects of coupons, we employ individual-level data to estimate a discrete choice model of demand for multiple … sclerosis drugs. We use our demand estimates to parameterize a model of drug price negotiations. For this category of drugs, we …

Persistent link: https://www.econbiz.de/10012938704

Markups and Fixed Costs in Generic and Off-Patent Pharmaceutical Markets

Ganapati, Sharat; McKibbin, Rebecca - National Bureau of Economic Research - 2021

There is wide dispersion in pharmaceutical prices across countries with comparable quality standards. Under monopoly, off-patent and generic drug prices are at least four times higher in the United States than in comparable English-speaking high income countries. With five or more competitors,...

Persistent link: https://www.econbiz.de/10012629426

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