Merger efficiencies provide the primary justification for why mergers of competitors may benefit consumers … merger of Miller and Coors breweries was expected to increase concentration and reduce costs. All else equal, the average … predicted increase in concentration lead to price increases of two percent, but at the mean this was offset by a nearly equal …

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 …

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 …

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 …

In this paper we propose a method to evaluate the effectiveness of U.S. horizontal merger policy and apply it to the … most problematic for the antitrust agencies. Thus we estimate an upper bound on the likely price effect of completed … mergers. Our study employs retail scanner data and uses familiar panel data program evaluation procedures to measure price …

effect of a merger on the behavior of rival firms, and instrumenting for these mergers, unbiased estimates of the effect of a … merger on market outcomes can be obtained. Using this methodology, I evaluate the impact of independent hospital mergers … between 1989 and 1996 on rivals' prices. I find sharp increases in rivals' prices following a merger, with the greatest effect …

prices. Remedies based on separate bargaining do not alleviate the price increases …

belonging to both merging parties, as well as (one or more) \common insurers" with which price and network status is negotiated … of merger activity. We find that hospitals gaining system members in-state (but not in the same geographic market …) experience price increases of 7-10 percent relative to control hospitals, while hospitals gaining system members out …

Merger control authorities may approve a merger based on a so-called 'efficiency defence'. An important aspect in … clearing mergers is that the efficiencies need to be merger-specific. Joint ventures, and in particular research joint ventures …