Replication data for: Cartels Uncovered
Principal Investigator(s): View help for Principal Investigator(s) Ari Hyytinen; Frode Steen; Otto Toivanen
Version: View help for Version V1
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Project Citation:
Hyytinen, Ari, Steen, Frode, and Toivanen, Otto. Replication data for: Cartels Uncovered. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114362V1
Project Description
Summary:
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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.
Scope of Project
JEL Classification:
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D43 Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
K21 Antitrust Law
L12 Monopoly; Monopolization Strategies
L13 Oligopoly and Other Imperfect Markets
L41 Monopolization; Horizontal Anticompetitive Practices
L60 Industry Studies: Manufacturing: General
D43 Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
K21 Antitrust Law
L12 Monopoly; Monopolization Strategies
L13 Oligopoly and Other Imperfect Markets
L41 Monopolization; Horizontal Anticompetitive Practices
L60 Industry Studies: Manufacturing: General
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