Replication data for: Cartels Uncovered

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data			10/12/2019 11:05:PM
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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: 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:
      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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Published Versions

V1 [2019-10-12]

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