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| dc.title | Research Insights: How Do Changes in Brand Ownership Affect Competition and Consumer Welfare? |
| dc.contributor.author | Alviarez, Vanessa |
| dc.contributor.author | Mayer, Thierry |
| dc.contributor.author | Head, Keith |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | United States |
| dc.coverage | North America |
| dc.coverage | Europe |
| dc.date.available | 2023-08-29T00:08:00 |
| dc.date.issue | 2023-08-29T00:08:00 |
| dc.description.abstract | 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%. |
| dc.format.extent | 4 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0005099 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Research-Insights-How-Do-Changes-in-Brand-Ownership-Affect-Competition-and-Consumer-Welfare.pdf |
| dc.identifier.url | https://publications.iadb.org/publications/spanish/document/Perspectivas-de-investigacion-Como-influyen-los-cambios-en-la-propiedad-de-las-marcas-en-la-competencia-y-el-bienestar-de-los-consumidores.pdf |
| dc.language.iso | en |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Procurement |
| dc.subject | Competitiveness |
| dc.subject | Saving |
| dc.subject | Industry |
| dc.subject | Regulation |
| dc.subject | Small Business |
| dc.subject | Branding |
| dc.subject | Firms Dynamics |
| dc.subject.jelcode | F12 - Models of Trade with Imperfect Competition and Scale Economies • Fragmentation |
| dc.subject.jelcode | F23 - Multinational Firms • International Business |
| dc.subject.jelcode | F61 - Microeconomic Impacts |
| dc.subject.jelcode | K21 - Antitrust Law |
| dc.subject.jelcode | L13 - Oligopoly and Other Imperfect Markets |
| dc.subject.keywords | Multinationals;Oligopoly;Markups;Firm effects;Concentration;Frictions;Mergers and acquisitions;compettion policy |
| dc.type | Catalogs and Brochures |
| idb.identifier.pubnumber | IDB-CB-00808 |
| idb.operation | BK-C1102 |