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Merger efficiencies provide the primary justification for why mergers of competitors may benefit consumers. Surprisingly, there is little evidence that efficiencies can offset incentives to raise prices following mergers. We estimate the effects of increased concentration and efficiencies on...
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2 million observations) that includes beer prices and packaging configurations. We merge this dataset with brewery …Using newly released public data on beer prices in the state of California, we construct a large dataset (approximately … craft breweries do not. In addition, we describe package attributes that exhibit price differentials across brewery types …
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This study fills a void in the literature by providing the first evaluation of the impact of consumer ratings on beer … content, alcohol content, user rating, and style for each beer. Our results indicate that a 10-point increase in consumer … rating is associated with about a $0.50 increase in the price of beer per unit. …
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