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 .

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
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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