Beer and the Tie: Did Divestiture Lead to Higher Prices?

Margaret Slade ()

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: In 1989, the United Kingdom Monopolies and Mergers Commission (MMC) recommended measures that eventually led brewers to divest themselves of 14000 public houses. The MMC claimed that their recommendations would lower retail prices and increase consumer choice. Since that time, however, retail prices have risen. This paper contains an econometric analysis of the transition period. The analysis is based on a model of the relationship between retail price and retail- organizational form that emphasizes how exclusive-dealing clauses and strategic factors interact.

Keywords: PRICES; INVESTMENTS; BEER; GAMES; ENTERPRISES (search for similar items in EconPapers)
JEL-codes: D40 L10 L40 L60 (search for similar items in EconPapers)
Pages: 42 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:96b07

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