CEPII, Recherche et Expertise sur l'economie mondiale
Global giants and local stars: How changes in brand ownership affect competition
A new CEPII Working Paper assesses the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. The authors find that owner fixed effects contribute very little to the performance of brands. On average, foreign ownership tends to raise costs and lower appeal. Using the estimated model, the paper simulates the consequences of counterfactual national merger regulation. The US beer price index would have been 4-7% higher without divestitures. Up to 30% savings could have been obtained in Latin America by emulating the pro-competition policies of the US and EU.

Read More in CEPII Working Paper 2020-13 >>>

Trade & Globalization
Competitiveness & Growth
Emerging Countries
Environment & Natural Resources
Europe
Migrations
Money & Finance
Economic Policy


"Immigration, Working Conditions, and Compensating Differentials" - online seminar series on the Economics of Migration
November 25, 2020

"Do refugees converge to local culture? Evidence from German regions" - online seminar series on the Economics of Migration
December 2, 2020

Immigration in OECD Countries - 10th Annual International Conference
December 7 - 8, 2020 inscription


Le CEPII, partenaire des Journées de l'économie JECO
November 17 - 20, 2020

"Temporary Migration and Entrepreneurship in Bangladesh" - online seminar series on the Economics of Migration
November 18, 2020

"Growing up in a Recession Increases Compassion? The Case of Attitudes towards Immigration" - online seminar series on the Economics of Migration
November 11, 2020

Les limites de l'hypermondialisation - webprésentation de l'ouvrage "Économie de la mondialisation"
November 10, 2020

"Immigration and Spatial Equilibrium: The Role of Expenditures in the Country of Origin" - online seminar series on the Economics of Migration
November 4, 2020

"Testing Classic Theories of Migration in the Lab" - online seminar series on the Economics of Migration
October 28, 2020

"Migration from Developing Countries: Selection, Income Elasticity, and Simpson's Paradox" - online seminar series on the Economics of Migration
October 21, 2020

"How Covid-19 is altering economic beliefs and perceptions - and why it matters" - online discussion
October 21, 2020  

Le CEPII, partenaire de la 8ème édition du Printemps de l'économie
October 13 - 16, 2020


  Just Released
CEPII Policy Brief
CEPII Working Paper
International Economics
International Economics
N°161 - Q1 2020
La lettre du CEPII
Panorama du CEPII

How the COVID-19 Pandemic Is Reshaping the Trade Landscape and What to Do About It
Intereconomics - Review of European Economic Policy
Sébastien Jean

Immigrant entrepreneurs, diasporas, and exports
Journal of Regional Science
Massimiliano Bratti, Luca De Benedictis, Gianluca Santoni

  Hot Topics
Coronavirus
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China
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Commerce : Que change la victoire de Joe Biden ?
Vincent Vicard
November 17, 2020
  00:14:00

Les limites de l'hypermondialisation - webprésentation de l'ouvrage "Économie de la mondialisation"
CEPII
November 10, 2020
  01:19:38

"How Covid-19 is altering economic beliefs and perceptions - and why it matters" - online discussion
Le Club du CEPII
October 21, 2020
  00:58:31

Profils Pays / Country Profiles
PPP GDP - reference year 2017

Updated: October 28, 2020
EQCHANGE

Data up to 2019! Including MULTIPRIL, a sub-database on multilateral price levels

Updated: November 3, 2020

Comptes Harmonisés sur les Echanges et L’Economie Mondiale (CHELEM)

New BOP data
Now available free of charge on DBnomics
https://db.nomics.world/CEPII

Updated: September 21, 2020


Pourquoi les Allemands doivent dépenser plus
Alternatives économiques
François GeerolfThomas Grjebine