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

18 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.

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

Nyckelord

511 Nationalekonomi

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10.1257/mic.20160326

HST_2017_07_07_postprint_version_to HankenAccepterat manuskript (AAM), 3,8 MB

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Cartels uncovered

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