Registered cartels in Austria: an overview
Konrad Stahl () and
Christine Zulehner ()
Additional contact information
Konrad Stahl: University of Mannheim, CEPR, CESifo, and ZEW
European Journal of Law and Economics, 2017, vol. 44, issue 3, No 1, 385-422
Abstract Cartels were legal to a large extent in Austria until the country’s EU accession in 1995. We examine archival material on registered horizontal cartels to learn about their inner working. Applying content analysis to legally binding cartel contracts, we comprehensively document different collusion methods along the lines described by Stigler (J Political Econ 72:44–61, 1964). Quota cartels employ regular reporting schemes and use compensation mechanisms for departures from set quotas. Specialization cartels divide markets, and rely the least on information exchange and punishment. Price and payment condition cartels primarily aim to prevent secret price cuts, requiring information provision upon request, allow for discretionary decision-taking and (sometimes immediate) punishment. These stylized facts on the contractual arrangements suggest that the possibility to write legally binding agreements was employed to address the usual obstacles to sustain collusion.
Keywords: Collusion; Cartels; Legal cartels; Contracts (search for similar items in EconPapers)
JEL-codes: L41 L43 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10657-017-9564-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Working Paper: Registered Cartels in Austria. An Overview (2015)
Working Paper: Registered cartels in Austria: An overview (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:ejlwec:v:44:y:2017:i:3:d:10.1007_s10657-017-9564-5
Ordering information: This journal article can be ordered from
Access Statistics for this article
European Journal of Law and Economics is currently edited by Jürgen Georg Backhaus, Giovanni B. Ramello and Alain Marciano
More articles in European Journal of Law and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().