Cartels Uncovered
| Autor: | Ari Hyytinen, Frode Steen, Otto Toivanen |
|---|---|
| Přispěvatelé: | Hanken School of Economics, Norwegian School of Economics, Department of Economics, Aalto-yliopisto, Aalto University |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Finnish-Soviet trade
kilpailupolitiikka jel:L40 01 natural sciences jel:L41 jel:L0 jel:L60 competition law jel:L00 010104 statistics & probability kartellit 0502 economics and business 050207 economics 0101 mathematics ta511 lainsäädäntö idänkauppa 05 social sciences korporativismi antitrust policy kilpailuoikeus lait Antitrust cartel competition detection Hidden Markov models illegal legal leniency policy registry jel:L4 antitrust kilpailu General Economics Econometrics and Finance cartels corporatism |
| Popis: | How many cartels are there? The answer is important in assessing the efficiency of competition policy. We present a Hidden Markov Model that answers the question, taking into account that often we do not know whether a cartel exists in an industry or not. Our model identifies key policy parameters from data generated under different competition policy regimes and may be used with time-series or panel data. We take the model to data from a period of legal cartels - Finnish manufacturing industries 1951 - 1990. Our estimates suggest that by the end of the period, almost all industries were cartelized. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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