The introduction of new products is an important method of competition in many markets. Towards understanding its impact on competition and welfare, this paper estimates the effects of Crystal Pepsi being introduced by PepsiCo. Estimating a structural model of the soft drink market, the competitive effect is decomposed into two parts: the effect on the prices of existing products from increased...

Local outputs for nationally available brands of packaged goods tend to be spatially concentrated, i.e., the same brand has high outputs in some regions, and low outputs in others. Curiously, such spatial concentration is very persistent despite direct competition between brands and a notable lack of product differentiation. It is shown that the stability of spatial concentration can be explain...

Abstract Spirits represent around 50% of global alcohol consumption. This sector is much less studied than other alcoholic beverages such as wine or beer. paper reviews the economic history spirits and analyzes recent trends in markets. The technology to produce more complex for Distillation was known ancient Chinese, Indian, Greek, Egyptian societies, but it took innovations by Arabs distill a...

We study the long-run effects of Russia’s anti-alcohol campaign, which dramatically altered relative supply hard and light alcohol in late 1980s. find that this policy shifted young men’s preferences from to decades later, we estimate age at consumers form their tastes. show large beer market expansion 1990s had similar on consumers’ tastes, while older tastes remained largely unchanged. then l...

The present research analyses how Corporate Social Responsibility (CSR) practices affect Green Innovation Performance (GIP) in the Spanish wine industry. To this end, a conceptual model is proposed and contrasted through quantitative approach based on structural equation modeling with data collected from 202 wineries between September 2021 January 2022. results of indicate that there positive s...

The member countries of the World Health Organization (WHO) have recently endorsed its Global Strategy on Diet, Physical Activity and Health in an effort to combat the growing burden of noncommunicable diseases. We assess the potential consumption impacts of these norms in the United States using a mathematical programming approach. We find that adherence to the WHO norms would involve signific...

In direct competition between national brands of consumer packaged goods (CPG), one brand often has a large local share advantage over the other despite that the products are similar. I present an explanation for these large and persistent advantages in the context of local competition on perceived quality or brand image. The main result of the analysis is a relation between varying degrees of ...