Market Power Absent Merger Review: Brewing in Perú

Ariel A. Casarin*, Magdalena Cornejo, María Eugenia Delfino

*Autor correspondiente de este trabajo

Resultado de la investigación: Contribución a una revistaArtículorevisión exhaustiva

1 Cita (Scopus)

Resumen

We examine the extent of market power in the brewing market of Perú, where the absence of preventive merger review eased consolidation into a single industrial brewer. We use a standard oligopoly model and exploit both seasonality in demand and atypically large and frequent variations in the structure and level of excise taxes to identify variations in market power. Our results provide evidence of the ineffectiveness of competition policy as uncontested mergers resulted in a degree of market power that decreased only with the entry of new firms.
Idioma originalInglés
Páginas (desde-hasta)535-556
Número de páginas22
PublicaciónReview of Industrial Organization
Volumen56
N.º3
DOI
EstadoPublicada - 1 may 2020

Nota bibliográfica

Publisher Copyright:
© 2019, Springer Science+Business Media, LLC, part of Springer Nature.

Palabras clave

  • Antitrust
  • Brewing industry
  • Market power
  • Merger review

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