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exploit the 2008 merger of Miller and Coors in the U.S. brewing industry to examine how changes in local concentration affect … firms' advertising behavior. Well-established regional preferences over beer brands, and the sharp increase in concentration … from the merger, make this an excellent setting to analyze this question. We find a significant positive effect of local …
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exploit the 2008 merger of Miller and Coors in the U.S. brewing industry to examine how changes in local concentration affect … firms' advertising behavior. Well-established regional preferences over beer brands, and the sharp increase in concentration … from the merger, make this an excellent setting to analyze this question. We find a significant positive effect of local …
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