ECIN Replication Package for "Acquisitions, Product Variety, and Distribution in the U.S. Craft Beer Industry"
Principal Investigator(s): View help for Principal Investigator(s) Wesley Blundell, Washington State University; Kyle Wilson, Pomona College
Version: View help for Version V3
| Name | File Type | Size | Last Modified |
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| Beer_Replication_Packet | 04/24/2023 10:42:PM | ||
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application/pdf | 301 KB | 04/24/2023 06:31:PM |
Project Citation:
Blundell, Wesley, and Wilson, Kyle. ECIN Replication Package for “Acquisitions, Product Variety, and Distribution in the U.S. Craft Beer Industry.” Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-04-24. https://doi.org/10.3886/E186881V3
Project Description
Summary:
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This is the data and code for "Acquisitions, Product Variety, and Distribution in the U.S. Craft Beer Industry".
Though antitrust authorities have historically focused on prices in merger analyses, there is now growing interest in the impact of mergers on non-price outcomes. In this paper, we examine the effect of horizontal mergers on product variety in the U.S. beer industry. Our difference-in-differences analyses provide evidence that acquired firms increase variety available to consumers by expanding into new markets, while reducing the variety of products sold in their existing markets. Back of the envelope calculations suggest that in aggregate, these acquisitions have a net positive effect on product variety.
Though antitrust authorities have historically focused on prices in merger analyses, there is now growing interest in the impact of mergers on non-price outcomes. In this paper, we examine the effect of horizontal mergers on product variety in the U.S. beer industry. Our difference-in-differences analyses provide evidence that acquired firms increase variety available to consumers by expanding into new markets, while reducing the variety of products sold in their existing markets. Back of the envelope calculations suggest that in aggregate, these acquisitions have a net positive effect on product variety.
Scope of Project
Subject Terms:
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mergers;
product variety;
product distribution;
innovation;
beer industry
JEL Classification:
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D22 Firm Behavior: Empirical Analysis
L40 Antitrust Issues and Policies: General
L66 Food; Beverages; Cosmetics; Tobacco; Wine and Spirits
D22 Firm Behavior: Empirical Analysis
L40 Antitrust Issues and Policies: General
L66 Food; Beverages; Cosmetics; Tobacco; Wine and Spirits
Manuscript Number:
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ECIN-Apr-2022-0149.R1
Geographic Coverage:
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United States
Time Period(s):
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2008 – 2017
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