Trigger price strategies in the U.S. brewing industry

1999 ◽  
Vol 27 (2) ◽  
pp. 237-237
Author(s):  
Craig Gallet
Author(s):  
Craig A. Gallet ◽  
Patricia J. Euzent

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt; tab-stops: 4.5pt;"><span style="mso-bidi-font-style: italic;"><span style="font-size: x-small;"><span style="font-family: Batang;">Recent game-theoretic models of cartel behavior assess the sustainability of cooperation in the presence of demand fluctuations.<span style="mso-spacerun: yes;">&nbsp; </span>Depending on the stochastic assumptions of demand, different outcomes are predicted.<span style="mso-spacerun: yes;">&nbsp; </span>Accordingly, this paper investigates the effects of demand fluctuations on competition in the U.S. brewing industry.<span style="mso-spacerun: yes;">&nbsp; </span>The results show that competition among brewers is greater during periods associated with significant negative shocks to demand, lower observed demand, lower expected future industry profit, and lower advertising.</span></span></span></p>


2016 ◽  
Vol 46 (1) ◽  
pp. 73-86 ◽  
Author(s):  
Joshua Berning ◽  
Michael McCullough

The U.S. brewing industry was at a low point in the 1980s. Since that time, more than 4,000 new breweries of varying scales and scopes have entered the market. Given the rapid expansion in this industry, which involves large capital costs, it is useful to consider the competitive nature of individual firms. Using a sample of New England breweries, this study identifies several firm and geographic attributes that are linked to firms’ product offerings. We find that the breadth of product lines and nature of competition varies by brewery type and by the economic environment of the market.


1999 ◽  
Vol 21 (2) ◽  
pp. 552-562 ◽  
Author(s):  
Chris T. Bastian ◽  
Deborah M. Oakley-Simpson ◽  
Donald M. McLeod ◽  
Dale J. Menkhaus ◽  
Dan Alsup ◽  
...  

2018 ◽  
Vol 43 (5) ◽  
pp. 999-1017 ◽  
Author(s):  
Wesley M. Friske ◽  
Miles A. Zachary

Regulation is an important means by which policymakers address social costs. However, recent research suggests that managing social costs often comes at the expense of entrepreneurial activity. We explore this duality by extending resource-advantage theory to examine the effects of excise taxes, small business tax credits and exemptions, and sales restrictions on rates of new venture creation in the U.S. brewing industry. Our longitudinal analysis of state-level brewery regulations reveals that taxes and sales restrictions have adverse but limited effects on new venture creation over time. Furthermore, tax credits and exemptions are positively associated with growth rates of new ventures.


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