... Industry Consolidation and Price-Cost Margins Evidence from the Pulp and Paper Industry Abstract In recent years, the U.S pulp and paper industry has experienced an increasing degree of consolidation ... and Paper Industry I Introduction In recent years, the U.S pulp and paper industry has undergone a series of mergers and acquisitions which, collectively, have consolidated the pulp, paper, and ... concludes II The US Pulp and Paper Industry The pulp and paper industry in the United States is a large, capital intensive, traditional industry Annual capital investments are in the $8 - $15...