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...

This work applies the models of Cournot and Stackelberg to a homogenous product industry with high level of concentration. The object is to use these models as decision criterion over the alternative to introduce a new brand by incumbent not leader. It is wanted to establish if to send a new...

This paper studies the macroeconomic implications of firm-branding activities. We show empirically that firms build market share by creating new brands, developing their existing brands, and buying established brands from other firms. Sales and prices of the underlying branded products tend to...