Cartels uncovered
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Hyytinen , A , Steen , F & Toivanen , O 2018 , ' Cartels uncovered ' , American Economic Journal : Microeconomics , vol. 10 , no. 4 , pp. 190-222 . https://doi.org/10.1257/mic.20160326
| Title: | Cartels uncovered |
| Author: | Hyytinen, Ari; Steen, Frode; Toivanen, Otto |
| Contributor: | Hanken School of Economics, Economics, Helsinki |
| Belongs to series: | American Economic Journal : Microeconomics |
| ISSN: | 1945-7669 |
| 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. |
| Date: | 2018 |
| Subject: |
511 Economics
KOTA2018 PREM2019_02 0 - Not open access 1 - Self archived 1- Minst en av författarna har en utländsk affiliation 1- Publicerad utomlands 0- Ingen affiliation med ett företag |
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