Cartels uncovered

Ari Hyytinen; Frode Steen; Otto Toivanen

doi:10.1257/mic.20160326

Cartels uncovered

Ari Hyytinen, Frode Steen, Otto Toivanen

Nationalekonomi, Helsingfors

Forskningsoutput: Tidskriftsbidrag › Artikel › Vetenskaplig › Peer review

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Sammanfattning

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.

Originalspråk	Engelska
Referentgranskad vetenskaplig tidskrift	American Economic Journal : Microeconomics
Volym	10
Nummer	4
Sidor (från-till)	190-222
Antal sidor	33
ISSN	1945-7669
DOI	https://doi.org/10.1257/mic.20160326
Status	Publicerad - 2018
MoE-publikationstyp	A1 Originalartikel i en vetenskaplig tidskrift

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511 Nationalekonomi

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10.1257/mic.20160326

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Cartels uncovered

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