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The Influence of Collusion on Price Changes: New Evidence from Major Cartel Cases

Korbinian von Blanckenburg, Alexander Geist () and Konstantin Kholodilin ()

No 1004, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: In this paper, we compare the distribution of price changes between collusive and noncollusive periods for ten major cartels. The first moments focus on previous research. We extend the discussion to the third (skewness) and fourth (kurtosis) moments. However, none of the above descriptive statistics can be considered as a robust test allowing a differentiation between competition and cartel. Therefore, we implement the Kolmogorov-Smirnov test. According to our results, 8 out of 10 cartels were successful in controlling the market price for a number of years. The proposed methodology may be used for antitrust screening and regulatory purposes.

Keywords: Cartel detection; collusion; competition policy (search for similar items in EconPapers)
JEL-codes: L10 L60 (search for similar items in EconPapers)
Pages: 17 p.
Date: 2010
New Economics Papers: this item is included in nep-com, nep-his, nep-ind, nep-mic and nep-reg
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Citations: View citations in EconPapers (12)

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https://www.diw.de/documents/publikationen/73/diw_01.c.356672.de/dp1004.pdf (application/pdf)

Related works:
Journal Article: The Influence of Collusion on Price Changes: New Evidence from Major Cartel Cases (2012) Downloads
Journal Article: The Influence of Collusion on Price Changes: New Evidence from Major Cartel Cases (2012) Downloads
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