{"created":"2021-03-01T06:32:40.485722+00:00","id":24703,"links":{},"metadata":{"_buckets":{"deposit":"80b3dadb-6fc6-4e3c-90f4-bc7bf3248645"},"_deposit":{"id":"24703","owners":[],"pid":{"revision_id":0,"type":"depid","value":"24703"},"status":"published"},"_oai":{"id":"oai:nagoya.repo.nii.ac.jp:00024703","sets":["1076:1077:1078"]},"author_link":["73297"],"item_1615768549627":{"attribute_name":"出版タイプ","attribute_value_mlt":[{"subitem_version_resource":"http://purl.org/coar/version/c_970fb48d4fbd8a85","subitem_version_type":"VoR"}]},"item_9_biblio_info_6":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2017-07","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"E17-4","bibliographic_titles":[{"bibliographic_title":"Economic Research Center Discussion Paper","bibliographic_titleLang":"en"}]}]},"item_9_description_4":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"Industrial economists and competition policymakers have traditionally assumed that a horizontal or vertical merger raises involved parties' joint profits, whereas whether consumers benefit or lose should be judged on a case-by-case basis. However, if a completed merger is not as successful as expected, its observed effects on the retail market may not necessarily be a result of the integrated firm's anti-competitive conduct. How can one assess whether a merger has achieved its initial objectives? This paper proposes to use two different data sources to empirically argue the possibility of such an unsuccessful merger. First, I use stock market data to provide an event study analysis, and compare PepsiCo's vertical integraton of two of the its chain bottlers (February 2010) and Coca-Cola's acquistion of its biggest bottler (October 2010). I argue that the stock market may not have perceived Coca-Cola's vertical merger as promising as PepsiCo's vertical merger. Furthermore, the former may have been perceived as helping Dr Pepper Snapple rather than Coca-Cola itself. Secondly, I use retail scanner data to present evidence, based on a difference-in-differences estimation, which shows that Coca-Cola's retail prices rose by 5% after its vertical merger, suggesting that internal conficts may have been passed through to its final prices.","subitem_description_language":"en","subitem_description_type":"Abstract"}]},"item_9_identifier_60":{"attribute_name":"URI","attribute_value_mlt":[{"subitem_identifier_type":"HDL","subitem_identifier_uri":"http://hdl.handle.net/2237/26925"}]},"item_9_publisher_32":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"名古屋大学大学院経済学研究科附属国際経済政策研究センター","subitem_publisher_language":"ja"}]},"item_9_relation_40":{"attribute_name":"シリーズ","attribute_value_mlt":[{"subitem_relation_name":[{"subitem_relation_name_text":"E-Series;E17-4"}]}]},"item_9_select_15":{"attribute_name":"著者版フラグ","attribute_value_mlt":[{"subitem_select_item":"publisher"}]},"item_access_right":{"attribute_name":"アクセス権","attribute_value_mlt":[{"subitem_access_right":"open access","subitem_access_right_uri":"http://purl.org/coar/access_right/c_abf2"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"Adachi, Takanori","creatorNameLang":"en"}],"nameIdentifiers":[{"nameIdentifier":"73297","nameIdentifierScheme":"WEKO"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2018-02-22"}],"displaytype":"detail","filename":"E17-4.pdf","filesize":[{"value":"256.7 kB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"E17-4.pdf","objectType":"fulltext","url":"https://nagoya.repo.nii.ac.jp/record/24703/files/E17-4.pdf"},"version_id":"a2623635-3e51-4e49-92b0-29994de59f50"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"Mergers","subitem_subject_scheme":"Other"},{"subitem_subject":"Vertical Integration","subitem_subject_scheme":"Other"},{"subitem_subject":"Event Study Analysis","subitem_subject_scheme":"Other"},{"subitem_subject":"Difference-in-Differences Estimation","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"On the Possibility of an Unsuccessful Merger : Implications from Stock Market and Retail Scanner Data","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"On the Possibility of an Unsuccessful Merger : Implications from Stock Market and Retail Scanner Data","subitem_title_language":"en"}]},"item_type_id":"9","owner":"1","path":["1078"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2017-08-29"},"publish_date":"2017-08-29","publish_status":"0","recid":"24703","relation_version_is_last":true,"title":["On the Possibility of an Unsuccessful Merger : Implications from Stock Market and Retail Scanner Data"],"weko_creator_id":"1","weko_shared_id":-1},"updated":"2023-01-16T04:13:09.185238+00:00"}