Cartels uncovered

Tutkimustuotos: Lehtiartikkelivertaisarvioitu

Tutkijat

Organisaatiot

  • Hanken School of Economics
  • Norwegian School of Economics
  • KU Leuven
  • University of Jyväskylä

Kuvaus

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.

Yksityiskohdat

AlkuperäiskieliEnglanti
Sivut190-222
Sivumäärä33
JulkaisuAMERICAN ECONOMIC JOURNAL: MICROECONOMICS
Vuosikerta10
Numero4
TilaJulkaistu - 1 marraskuuta 2018
OKM-julkaisutyyppiA1 Julkaistu artikkeli, soviteltu

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