Cartels Uncovered
Copyright policy )Cartels Uncovered
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. (JEL D43, K21, L12, L13, L41, L60)
- University of Helsinki Finland
- KU Leuven Belgium
- Norwegian School of Economics Norway
- Hanken School of Economics Finland
- Economic Research Centre Azerbaijan
SELECTION, 1 - Self archived, cartel, Economics, detection, Social Sciences, registry, 3801 Applied economics, Business & Economics, Taloustiede, Hidden Markov models, legal, illegal, lainsäädäntö, hidden Markov models, LONGITUDINAL DATA, PREM2019_02, antitrust policy, COST, kilpailuoikeus, 0- Ingen affiliation med ett företag, 511 Economics, http://hdl.handle.net/10227/215604, competition, policy, Finnish-Soviet trade, COLLUSION, VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212, DURATION, KOTA2018, kilpailupolitiikka, 1- Publicerad utomlands, LENIENCY, INDUSTRY, MARKETS, kartellit, 3502 Banking, finance and investment, 14 Economics, ta511, STABILITY, idänkauppa, korporativismi, HIDDEN MARKOV-MODELS, 1- Minst en av författarna har en utländsk affiliation, leniency, lait, Antitrust; cartel; competition; detection; Hidden Markov models; illegal; legal; leniency; policy; registry., 3803 Economic theory, antitrust; cartel; competition; detection; Hidden Markov models; illegal; legal; leniency; policy; registry, antitrust, 0 - Not open access, kilpailu, jel: jel:L40, jel: jel:L41, jel: jel:L00, jel: jel:L4, jel: jel:L0, jel: jel:L60
SELECTION, 1 - Self archived, cartel, Economics, detection, Social Sciences, registry, 3801 Applied economics, Business & Economics, Taloustiede, Hidden Markov models, legal, illegal, lainsäädäntö, hidden Markov models, LONGITUDINAL DATA, PREM2019_02, antitrust policy, COST, kilpailuoikeus, 0- Ingen affiliation med ett företag, 511 Economics, http://hdl.handle.net/10227/215604, competition, policy, Finnish-Soviet trade, COLLUSION, VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212, DURATION, KOTA2018, kilpailupolitiikka, 1- Publicerad utomlands, LENIENCY, INDUSTRY, MARKETS, kartellit, 3502 Banking, finance and investment, 14 Economics, ta511, STABILITY, idänkauppa, korporativismi, HIDDEN MARKOV-MODELS, 1- Minst en av författarna har en utländsk affiliation, leniency, lait, Antitrust; cartel; competition; detection; Hidden Markov models; illegal; legal; leniency; policy; registry., 3803 Economic theory, antitrust; cartel; competition; detection; Hidden Markov models; illegal; legal; leniency; policy; registry, antitrust, 0 - Not open access, kilpailu, jel: jel:L40, jel: jel:L41, jel: jel:L00, jel: jel:L4, jel: jel:L0, jel: jel:L60
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