Cartels uncovered

Ari Hyytinen; Frode Steen; Otto Toivanen

doi:10.1257/mic.20160326

Cartels uncovered

Ari Hyytinen, Frode Steen, Otto Toivanen

Economics, Helsinki

Research output: Contribution to journal › Article › Scientific › peer-review

17 Citations (Scopus)

Abstract

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.

Original language	English
Peer-reviewed scientific journal	American Economic Journal : Microeconomics
Volume	10
Issue number	4
Pages (from-to)	190-222
Number of pages	33
ISSN	1945-7669
DOIs	https://doi.org/10.1257/mic.20160326
Publication status	Published - 2018
MoE publication type	A1 Journal article - refereed

Keywords

511 Economics

Access to Document

10.1257/mic.20160326

HST_2017_07_07_postprint_version_to HankenAccepted author manuscript, 3.8 MB

OpenUrl availability

Full text

Cite this

@article{1439a08868004aea9bc0a2fceb0ea56f,

title = "Cartels uncovered",

abstract = "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. ",

keywords = "511 Economics",

author = "Ari Hyytinen and Frode Steen and Otto Toivanen",

year = "2018",

doi = "10.1257/mic.20160326",

language = "English",

volume = "10",

pages = "190--222",

journal = "American Economic Journal : Microeconomics",

issn = "1945-7669",

publisher = "American Economic Association",

number = "4",

}

TY - JOUR

T1 - Cartels uncovered

AU - Hyytinen, Ari

AU - Steen, Frode

AU - Toivanen, Otto

PY - 2018

Y1 - 2018

N2 - 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.

AB - 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.

KW - 511 Economics

UR - https://www.aeaweb.org/articles?id=10.1257/mic.20160326

U2 - 10.1257/mic.20160326

DO - 10.1257/mic.20160326

M3 - Article

SN - 1945-7669

VL - 10

SP - 190

EP - 222

JO - American Economic Journal : Microeconomics

JF - American Economic Journal : Microeconomics

IS - 4

ER -

Cartels uncovered

Abstract

Keywords

Access to Document

OpenUrl availability

Other files and links

Fingerprint

Cite this