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While inferring markups from demand data is common practice, estimation relies on difficult-to-test assumptions, including a specific model of how firms compete. Alternatively, markups can be inferred from production data, again relying on a set of difficult-to-test assumptions, but a wholly...
Persistent link: https://www.econbiz.de/10012965216
This study utilizes a brand-level dataset that captures a unique natural experiment, a 100% increase in the excise tax, to evaluate different pricing models in the U.S. beer industry. To assess the plausibility of different models, the increase in marginal cost resulting from the tax increase is...
Persistent link: https://www.econbiz.de/10014224611
product variety in the U.S. beer industry. Upon acquisition by a macrobrewer, a craft brewery reduce its product variety in … brewery access to the macrobrewer's distribution network, facilitating expansion into new markets and thereby increasing the …
Persistent link: https://www.econbiz.de/10014237452
"The spread of Pilsner beer from its inception in 1842 clearly shows the changes wrought by globalization in an age of empire. Its rise was dependent not only on technological innovations and faster supply chains, but also on the increased connectedness of the world and the political and...
Persistent link: https://www.econbiz.de/10014253004
This paper employs a nation-wide sample of supermarket scanner data to estimate a large brand-level demand system for beer in the U.S. using the Distance Metric method of Pinkse, Slade and Brett (2002). Unlike previous studies, this work estimates the own- and cross-advertising elasticities in...
Persistent link: https://www.econbiz.de/10014048403
This paper studies the 2008 MillerCoors joint venture in the U.S. beer industry through a vertically related market framework. The cost efficiency and increased upstream market power impacts of this merger are quantitively measured and, more importantly, the effect of downstream concentration on...
Persistent link: https://www.econbiz.de/10014076486
I examine the competitive effects of mandated exclusive territories in the US beer industry. Theory is ambiguous as to the competitive impacts of this vertical practice. Using scanner data from a large number of grocery stores, I empirically examine the impact on beer prices, quantities, and...
Persistent link: https://www.econbiz.de/10014106105
1. Introduction -- 2. Brewing Green: Sustainability in the Craft Beer Movement -- 3. Craft Beer Enthusiasts' Support for Neolocalism and Environmental Causes -- 4. Pure Michigan Beer? Tourism, Craft Breweries, and Sustainability -- 5. Representing Rurality: Cider Mills and Agritourism -- 6....
Persistent link: https://www.econbiz.de/10014018012