Distortionary effects of three-tier liquor regulation, Wisconsin edition

Lynne Kiesling As Jonathan Adler notes at the Volokh Conspiracy, the Wisconsin legislature is considering a piece of legislation that would change the regulations governing the production, wholesale distribution, and retail sale of beer in Wisconsin. The controversial provision in this legislation is one that prevents brewers from owning wholesale distributors, and the controversy arises … More Distortionary effects of three-tier liquor regulation, Wisconsin edition

Goose Island: What if acquiring capital cannibalizes your market?

Lynne Kiesling Last week, Chicago craft brewery Goose Island agreed to be acquired by Anheuser-Busch, which purchased a 58% equity stake in the brewery. Goose Island founder John Hall argues that the deal enables Goose Island to make investments to increase capacity, an investment necessary for continued profitability. He recognizes that some may be skeptical … More Goose Island: What if acquiring capital cannibalizes your market?