Price Fixing: The Probability of Getting Caught

Peter G Bryant and Edwin Eckard

The Review of Economics and Statistics, 1991, vol. 73, issue 3, 531-36

Abstract: The authors estimate the probability that a price fixing conspiracy will be indicated by federal authorities to be at most between 0.13 and 0.17 in a given year. The authors' estimate is based on conspiracy durations calculated from data reported for a large sample of Department of Justice cases, and a statistical birth and death process model describing the onset and duration of conspiracies. Copyright 1991 by MIT Press.

Date: 1991
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