Efficiencies brewed: pricing and consolidation in the US beer industry

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 pricing...

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Bibliographic Details
Published in:	The Rand journal of economics 2015-06, Vol.46 (2), p.328-361
Main Authors:	Ashenfelter, Orley C., Hosken, Daniel S., Weinberg, Matthew C.
Format:	Article
Language:	English
Subjects:	Acquisitions & mergers Average prices Beer Beer industry Beers Bier Brands Brauerei Breweries Brewing Brewing industry Competitors Concentration Consumers Coors Brewing Company Cost reduction Economic concentration Economic efficiency Efficiency Effizienz Fusion Geographic location Geographic regions Herfindahl Hirschman index Industry Justification Lagers Market prices Mergers Preis Price increases Prices Pricing Studies U.S.A USA
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