In this paper the two major breweries in Mexico, Grupo Modelo and Cuauhtémoc Moctezuma Brewering Company (Cervecería Cuahtemoc-Moctezuma) are analyzed which already have long formed part of an oligopoly because these two companies account for more than 99% of beer market in this country. All...

Successful technological change in countries outside the northern Atlantic during the nineteenth and early twentieth centuries depended on entrepreneurial skills, not inventive expertise. In this examination of the Owens automatic glass-bottle-blowing machine in Mexico between 1905 and 1912,...

This article discuss the market conditions prevailing when the merger between Anheuser-Busch InBev and Grupo Modelo (ABI/Modelo) was authorized in 2013. I analyze the cointegration of beer prices in the U.S. and Mexican markets from 2002 to 2012. The cointegration model shows an asymmetric...

Cities have recognized the local impact of small craft breweries, altering municipal codes to make it easier to establish breweries as anchor points of economic development and revitalization. However, we do not know the extent to which these strategies impact change at the neighborhood scale...

Despite its relatively small size, Belgium has historically been considered to have the most diverse array of beer varieties in the world. We explore whether Belgium's institutional history has contributed to its beer diversity. The Belgian area has experienced a heterogeneous and variable array...

The U.S. beer industry has shifted dramatically over the past two decades from a highly concentrated and homogeneous industry to one composed of thousands of small, heterogeneous producers, primarily focused on local markets. This shift evokes the question: how much do consumers prefer locally...

We study the effects of merger on firm entry, product variety and prices in the retail craft beer market in California. We develop a new method to estimate multiple-discrete choice models in order to recover fixed costs. The method is based on bounds of conditional choice probabilities and does...

We investigate the acquisition of Goose Island by Anheuser-Busch InBev to uncover the effects of such an acquisition on pricing and growth in the craft beer industry. We investigate the implications of the acquisition within the context of maverick firms and the unique strategic environment of...

Theories conflict as to whether vertically imposed exclusive territories have a positive or negative impact on welfare, and appropriate antitrust treatment is still debated. I examine the impact that the use of exclusive wholesale territories has in the brewing industry by studying beer sales in...

In this paper, we study the effect of the MillerCoors joint venture on craft brewers in the United States. Using a detailed scanner data set, which covers 1,739 grocery stores located in 33 cities, we track the assortment and the market share of craft beers that were offered from 2001 until...