Undergraduate Honors Thesis
Entry and Competition in the U.S. Brewpub Industry during 2002 - 2011 Public Deposited
https://scholar.colorado.edu/concern/undergraduate_honors_theses/xk81jk91s
- Abstract
- This study examines product differentiation and market structure in the U.S. brewpub industry. Brewery restaurants are characterized by whether they are singleestablishment or multiple-establishment restaurants. In particular, I investigate how entry behaviors of firms are affected by the existence of opposite type of brewpub in a market. I use data from oligopoly brewpub markets across the United States during 2002 and 2011. The analysis uses a cross sectional data in a discrete dependent variable econometric model to predict the profitability of a market. The results indicate that the existence of one opposite type of firm in a market makes a market unattractive for a new firm, and these effects are diminished when there are two or three opposite of firms present in a market. Finally, the effects of demand characteristics, such as population size, can be large enough to outweigh the effects of differentiation between firms.
- Creator
- Date Awarded
- 2013-04-08
- Academic Affiliation
- Advisor
- Granting Institution
- Subject
- Last Modified
- 2019-12-02
- Resource Type
- Rights Statement
- Language
Relationships
- In Collection:
Items
Thumbnail | Title | Date Uploaded | Visibility | Actions |
---|---|---|---|---|
entryAndCompetitionInTheUSBrewpubIndustryDuring2002.pdf | 2019-11-19 | Public | Download |