TY  - GEN
AU  - Alviarez, Vanessa
AU  - Mayer, Thierry
AU  - Head, Keith
TI  - Research Insights: How Do Changes in Brand Ownership Affect Competition and Consumer Welfare?
PY  - 2023
Y1  - 2023/08/29
DO  - 10.18235/0005099
AB  - Changes in brand ownership resulting from cross-border mergers and acquisitions impact competition and consumer welfare. Foreign acquisitions of local brands often lead to an increase in cost or a decline in appeal for the acquired brand, with limited gains in efficiencies. However, the accompanying rise in market power has translated into higher profits for the majority of brand-acquiring firms. Pro-competitive policies in the United States and European Union that required divestitures in the beer industry as a condition for merger approval led to significant consumer savings. Similar policies in South America would have reduced consumer prices by 18%.
UR  - https://doi.org/10.18235/0005099
ER  -