Corpus ID: 45807002

Horizontal Mergers , Prices , and Productivity ∗ Job Market Paper

@inproceedings{Kulick2016HorizontalM,
  title={Horizontal Mergers , Prices , and Productivity ∗ Job Market Paper},
  author={Robert B. Kulick},
  year={2016}
}
I estimate the price and productivity effects of horizontal mergers in the ready-mix concrete industry using plant and firm-level data from the US Census Bureau. Horizontal mergers involving plants in close proximity are associated with price increases and decreases in output, but also raise productivity at acquired plants. While there is a significant negative relationship between productivity and prices, the pass-through rate of productivity increases is small enough that the effects of… Expand
3 Citations

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