{"id":"https://openalex.org/W2024007883","doi":"https://doi.org/10.2307/2098551","title":"The Determinants of Horizontal Acquisitions: Evidence from the US Brewing Industry","display_name":"The Determinants of Horizontal Acquisitions: Evidence from the US Brewing Industry","publication_year":1988,"publication_date":"1988-09-01","ids":{"openalex":"https://openalex.org/W2024007883","doi":"https://doi.org/10.2307/2098551","mag":"2024007883"},"language":"en","primary_location":{"id":"doi:10.2307/2098551","doi":"https://doi.org/10.2307/2098551","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2098551","pdf_url":null,"source":{"id":"https://openalex.org/S99067594","display_name":"Journal of Industrial Economics","issn_l":"0022-1821","issn":["0022-1821","1467-6451"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-2","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Industrial Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5056842084","display_name":"Victor J. Tremblay","orcid":"https://orcid.org/0000-0003-4832-1965","observed_orcids":["https://orcid.org/0000-0003-4832-1965"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Victor J. Tremblay","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5083815035","display_name":"Carol Horton Tremblay","orcid":"https://orcid.org/0000-0001-7460-2379","observed_orcids":["https://orcid.org/0000-0001-7460-2379"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Carol Horton Tremblay","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":2.8023,"has_fulltext":false,"cited_by_count":67,"citation_normalized_percentile":{"value":0.90476598,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"37","issue":"1","first_page":"21","last_page":"21"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.9945999979972839,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.9945999979972839,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.005200000014156103,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/horizontal-mergers","display_name":"horizontal mergers","score":0.9829999804496765},{"id":"https://openalex.org/keywords/merger-motives","display_name":"merger motives","score":0.7829999923706055},{"id":"https://openalex.org/keywords/brewing-industry","display_name":"brewing industry","score":0.9079999923706055},{"id":"https://openalex.org/keywords/bankruptcy-prevention","display_name":"bankruptcy prevention","score":0.5379999876022339},{"id":"https://openalex.org/keywords/competition-policy","display_name":"competition policy","score":0.5669999718666077},{"id":"https://openalex.org/keywords/efficiency-defense","display_name":"efficiency defense","score":0.6359999775886536},{"id":"https://openalex.org/keywords/market-power","display_name":"market power","score":0.7450000047683716},{"id":"https://openalex.org/keywords/economies-of-scale","display_name":"economies of scale","score":0.8930000066757202}],"concepts":[{"id":"https://openalex.org/C39699697","wikidata":"https://www.wikidata.org/wiki/Q869095","display_name":"Brewing","level":3,"score":0.9212108850479126},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5551910400390625},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.414700448513031},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32620418071746826},{"id":"https://openalex.org/C31903555","wikidata":"https://www.wikidata.org/wiki/Q1637030","display_name":"Food science","level":1,"score":0.1270732879638672},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.12139606475830078},{"id":"https://openalex.org/C100544194","wikidata":"https://www.wikidata.org/wiki/Q41760","display_name":"Fermentation","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2307/2098551","doi":"https://doi.org/10.2307/2098551","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2098551","pdf_url":null,"source":{"id":"https://openalex.org/S99067594","display_name":"Journal of Industrial Economics","issn_l":"0022-1821","issn":["0022-1821","1467-6451"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-2","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Industrial Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:jindec:v:37:y:1988:i:1:p:21-45","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0022-1821%28198809%2937%3A1%3C21%3ATDOHAE%3E2.0.CO%3B2-3&origin=bc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9","score":0.4399999976158142}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":23,"referenced_works":["https://openalex.org/W835574510","https://openalex.org/W1502337702","https://openalex.org/W1581555397","https://openalex.org/W1589660858","https://openalex.org/W1607620689","https://openalex.org/W1971887485","https://openalex.org/W1983162145","https://openalex.org/W2003216388","https://openalex.org/W2010276953","https://openalex.org/W2015353363","https://openalex.org/W2016430106","https://openalex.org/W2016889089","https://openalex.org/W2045227049","https://openalex.org/W2051762416","https://openalex.org/W2078808702","https://openalex.org/W2107079206","https://openalex.org/W2127871407","https://openalex.org/W2144417994","https://openalex.org/W2148473978","https://openalex.org/W2331948573","https://openalex.org/W3124201178","https://openalex.org/W3209973899","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W1519475681","https://openalex.org/W7000296505","https://openalex.org/W7099908814","https://openalex.org/W613162870","https://openalex.org/W2526809066","https://openalex.org/W7214189176","https://openalex.org/W629613287","https://openalex.org/W568912840","https://openalex.org/W2189433747","https://openalex.org/W2357476484"],"abstract_inverted_index":{"The":[0],"authors":[1],"analyze":[2],"the":[3,14,38,74,83],"motives":[4],"for":[5,13],"horzonital":[6],"mergers":[7],"by":[8,32,104],"estimating":[9],"a":[10],"logit":[11],"model":[12],"U.":[15],"S.":[16],"brewing":[17],"industry,":[18],"1950-83.":[19],"Their":[20],"results":[21],"support":[22],"D.":[23],"Dewey's":[24],"(1961)":[25],"view":[26],"that":[27,60],"failing":[28],"firms":[29,45,51,61],"avoid":[30],"bankruptcy":[31],"selling":[33],"to":[34,52,63,68],"successful":[35],"firms.":[36],"In":[37],"absence":[39],"of":[40,88,99],"an":[41,89],"antitrust":[42],"constraint,":[43],"large":[44],"are":[46],"more":[47],"likel;y":[48],"than":[49],"small":[50],"acquire":[53],"another":[54],"competitor.":[55],"There":[56],"is":[57],"no":[58],"evidence":[59],"merge":[62],"increase":[64],"market":[65],"power":[66],"or":[67],"attain":[69],"scale":[70],"e":[71],"conomies.":[72],"Although":[73],"Justice":[75],"Department":[76],"may":[77],"have":[78],"been":[79],"too":[80],"restrictive":[81],"in":[82,92,97],"past,":[84],"its":[85],"recent":[86],"acceptance":[87],"efficiency":[90],"defense":[91],"merger":[93],"cases":[94],"seems":[95],"appropriate":[96],"light":[98],"our":[100],"results.":[101],"Copyright":[102],"1988":[103],"Blackwell":[105],"Publishing":[106],"Ltd.":[107]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":6},{"year":2012,"cited_by_count":6}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}