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an acquisition of multiple craft breweries by a large brewery and find that the acquisition would induce firm entry and …
Persistent link: https://www.econbiz.de/10013334365
a counterfactual merger where a large brewery acquires multiple craft breweries. In most markets, we find that new firms …
Persistent link: https://www.econbiz.de/10012824640
The U.S brewing industry plays an important role in the U.S. economy. There is an on-going debate over the impact of rise in concentration in the brewing industry as well as its competitiveness, e.g., Denney et al. (2002), Tremblay and Tremblay (2005). Such on-going concerns and debate over the...
Persistent link: https://www.econbiz.de/10014166927
This study contributes to the empirical industrial organization literature by deriving and estimating the empirical equation containing the parameter for bargaining power and an indicator of competition between suppliers. We specify a reduced form of the price equation, which is composed of the...
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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
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
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