Seasonal price effects of mergers

Ali Umut Guler

Economics Letters, 2021, vol. 209, issue C

Abstract: This study shows that mergers’ price effects can vary seasonally. I document countercyclical price increases due to the Coors and Miller merger, which is consistent with models of coordinated pricing that predict lower equilibrium prices during high-demand states.

Keywords: Mergers; Coordinated effects; Pricing; Antitrust policy; Seasonality; Brewing industry (search for similar items in EconPapers)
JEL-codes: K21 L11 L13 L41 L66 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:209:y:2021:i:c:s0165176521003918

DOI: 10.1016/j.econlet.2021.110114

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