Cartels uncovered

Ari Hyytinen, Frode Steen, Otto Toivanen

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

12 Citeringar (Scopus)

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.
OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftAmerican Economic Journal : Microeconomics
Volym10
Utgåva4
Sidor (från-till)190-222
Antal sidor33
ISSN1945-7669
DOI
StatusPublicerad - 2018
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

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  • 511 Nationalekonomi

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