Replication data for: The Price Effects of a Large Merger of Manufacturers: A Case Study of Maytag-Whirlpool
Principal Investigator(s): View help for Principal Investigator(s) Orley C. Ashenfelter; Daniel S. Hosken; Matthew C. Weinberg
Version: View help for Version V1
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| data_-AEJPol-2011-0173 | 10/13/2019 07:23:AM | ||
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text/plain | 14.6 KB | 10/13/2019 03:23:AM |
Project Citation:
Ashenfelter, Orley C., Hosken, Daniel S., and Weinberg, Matthew C. Replication data for: The Price Effects of a Large Merger of Manufacturers: A Case Study of Maytag-Whirlpool. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114810V1
Project Description
Summary:
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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)
Scope of Project
JEL Classification:
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G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
K21 Antitrust Law
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
L41 Monopolization; Horizontal Anticompetitive Practices
L68 Appliances; Furniture; Other Consumer Durables
G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
K21 Antitrust Law
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
L41 Monopolization; Horizontal Anticompetitive Practices
L68 Appliances; Furniture; Other Consumer Durables
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