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Efficiencies Brewed : Pricing and Consolidation in the U.S. Beer Industry

Ashenfelter, Orley C. - 2013

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...

Persistent link: https://www.econbiz.de/10012459308

Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety

Fan, Ying; Yang, Chenyu - National Bureau of Economic Research - 2022

method to study merger effects on firm entry and product variety in the retail craft beer market in California. We simulate … 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

Millennials and the Take-Off of Craft Brands : Preference Formation in the U.S. Beer Industry

Bronnenberg, Bart J.; Dube, Jean-Pierre H.; Joo, Joonhwi - National Bureau of Economic Research - 2021

We conduct an empirical case study of the U.S. beer industry to analyze the disruptive effects of locally … generation of adult Millennial consumers. We document a generational share gap: Millennials buy more craft beer than earlier … Baby Boomers, with the remainder explained by intrinsic generational differences in preferences. We predict the beer market …

Persistent link: https://www.econbiz.de/10012496172

Estimating market power Evidence from the US Brewing Industry

De Loecker, Jan - 2016

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/10012455723

Dynamic Oligopoly Pricing with Asymmetric Information : Implications for Horizontal Mergers

Sweeting, Andrew; Tao, Xuezhen; Yao, Xinlu - National Bureau of Economic Research - 2021

are restricted to lie in narrow ranges. We calibrate our model using data from the beer industry, and we show that our …

Persistent link: https://www.econbiz.de/10012496143

Unmeasured Investment and the Puzzling U.S. Boom in the 1990s

McGrattan, Ellen R. - 2007

The basic neoclassical growth model accounts well for the postwar cyclical behavior of the U.S. economy prior to the 1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are incorporated. For the 1990s, the model predicts a depressed...

Persistent link: https://www.econbiz.de/10012465147

Re-Assessing the U.S. Quality Adjustment to Computer Prices : The Role of Durability and Changing Software

Feenstra, Robert C. - 2004

In the second-half of the 1990s, the positive impact of information technology on productivity growth for the United States became apparent. The measurement of this productivity improvement depends on hedonic procedures adopted by the Bureau of Labor Statistics (BLS) and Bureau of Economic...

Persistent link: https://www.econbiz.de/10012467832

Broadband Internet Access and Health Outcomes : Patient and Provider Responses in Medicare

Van Parys, Jessica; Brown, Zach Y. - National Bureau of Economic Research - 2023

High-speed internet has increased the amount of information available in health care markets. Online information may improve health outcomes if it reduces information frictions and helps patients choose higher quality providers or causes providers to improve quality. We examine how health...

Persistent link: https://www.econbiz.de/10014337812

Producing Health : Measuring Value Added of Nursing Homes

Einav, Liran; Finkelstein, Amy; Mahoney, Neale - National Bureau of Economic Research - 2022

We develop a stylized model that allows us to estimate a value-added measure for nursing homes ("SNFs") which accounts for patient selection both into and out of a SNF. We use the model, together with detailed data on the physical and mental health of about 6 million Medicare SNF patients...

Persistent link: https://www.econbiz.de/10013361969

Would You Buy a Honda Made in the U.S.? The Impact of Production Location on Manufacturing Quality

Lacetera, Nicola - 2012

Are location-specific factors--such as the education and attitude of the local workforce, supplier networks, institutional infrastructure, and local "culture"--important for understanding persistent heterogeneities among firms? We address this question in the context of the automobile industry....

Persistent link: https://www.econbiz.de/10012460655