The Price Effects of a Large Merger of Manufacturers: A Case Study of Maytag-Whirlpool

Autor:	Daniel Hosken, Matthew Weinberg, Orley Ashenfelter
Rok vydání:	2013
Předmět:	geography geography.geographical_feature_category Restructuring business.industry media_common.quotation_subject Fell Monetary economics jel:G34 Clothing Whirlpool jel:L41 jel:L11 jel:K2 jel:L4 jel:K21 Voting jel:L68 Business Market share General Economics Econometrics and Finance media_common
Zdroj:	American Economic Journal: Economic Policy. 5:239-261
ISSN:	1945-774X 1945-7731
DOI:	10.1257/pol.5.1.239
Popis:	Many experts speculate that US antitrust policy towards horizontal mergers has been too lenient. We estimate the price effects of Whirlpool's acquisition of Maytag to provide new evidence on this debate. We compare price changes in appliance markets most affected by the merger to markets where concentration changed much less or not at all. We estimate price increases for dishwashers and relatively large price increases for clothes dryers, but no price effects for refrigerators or clothes washers. The combined firm's market share fell across all four affected categories, and the number of distinct appliance products offered for sale fell. (JEL G34, K21, L11, L41, L68)
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::185265937bdae6883d13c059d0c8b533 https://doi.org/10.1257/pol.5.1.239 Zobrazit plný text záznamu