Cartels uncovered

Ari Hyytinen; Frode Steen; Otto Toivanen

doi:10.1257/mic.20160326

Cartels uncovered

Ari Hyytinen, Frode Steen, Otto Toivanen^*

^*Tämän työn vastaava kirjoittaja

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Tutkimustuotos: Lehtiartikkeli › Article › Scientific › vertaisarvioitu

17 Sitaatiot (Scopus)

150 Lataukset (Pure)

Abstrakti

How many cartels are there, and how long do they live? The answers to these questions are important in assessing the need for competition policy. We present a Hidden Markov Model that takes into account that often it is not known whether a cartel exists or not. We take the model to data from a period of legal cartels-Finnish manufacturing industries 1951-1990. Our estimates suggest that once born, cartels are persistent; by the end of the period, almost all industries were cartelized.

Alkuperäiskieli	Englanti
Sivut	190-222
Sivumäärä	33
Julkaisu	American Economic Journal: Microeconomics
Vuosikerta	10
Numero	4
DOI - pysyväislinkit	https://doi.org/10.1257/mic.20160326
Tila	Julkaistu - 1 marrask. 2018
OKM-julkaisutyyppi	A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä

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10.1257/mic.20160326

mic.20160326Final published version, 737 KB

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Cartels uncovered

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