Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238331 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
Serie Documentos de Trabajo No. 705
Publisher: 
Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA), Buenos Aires
Abstract: 
This paper analyzes the behavior of the Argentine hamburger market during the period 2013-2018, to see if an important merger that occurred by the end of 2015 (the BRF/MRP merger) had any discernable market-power or efficiency effects. To do this, we run an econometric demand-and-supply model, and we find that there is an appreciable cost reduction that more than counterbalances the price increases induced by the merger. This implies that total consumers' surplus may have grown as a consequence of the merger.
Subjects: 
Merger
hamburger
Argentina
market power
efficiency
JEL: 
C32
L13
L41
L66
Document Type: 
Working Paper

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