Erik Strøjer Madsen

Advertising and concentration in the brewing industry

Publikation: KonferencebidragPaperForskningpeer review


  • York paper

    Accepteret manuskript, 112 KB, Word-dokument


The opening of the markets in East Asia and Eastern Europe in the 1990s changed the structure of the beer markets and in the following years a large wave of mergers and acquisitions took place. The paper tracks the development in industry concentrations from 2002 to 2012, discusses some of the main drivers behind this development and points to economies of scale in advertising as a main pay-off from mergers and acquisitions. Using firm-level data both from the American market and the world market, the estimations verify significant economies of scale in marketing and distribution costs. Based on information from the Annual Reports of the eight largest breweries, the estimation proved a reduction in these costs of ten percent when doubling the size of the brewing groups.
Udgivelsesår15 aug. 2013
Antal sider15
StatusUdgivet - 15 aug. 2013
BegivenhedBeeronomics 2013 conference - University of York, York, Storbritannien
Varighed: 18 sep. 201321 sep. 2013


KonferenceBeeronomics 2013 conference
LokationUniversity of York

Se relationer på Aarhus Universitet Citationsformater


Ingen data tilgængelig

ID: 55636488