Market power inside the Belgian coal industry, 1901-45: A new empirical industrial organization approach

Gil Montant ()
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Gil Montant: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: We analyse the impact of economic cycle on firms' ability to sustain a collusive behaviour inside the Belgian coal industry during the first half of the twentieth century. We consider a two-equations system that comprises a coal demand function and a domestic supply function. The system is estimated on the 1901-1945 period with annual data gathered through personal searches. The economic cycle is modeled by considering its two main dimensions, namely its slope and its level. Econometric results do not contradict results obtained by J. Haltiwanger and J. E. Harrington (1991).

Keywords: Industrial economics; economic cycle; collusion; cartel; applied econometrics; cliometrics (search for similar items in EconPapers)
Date: 2011-04-01
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Published in The Economic History Society, Annual Conference, Apr 2011, Cambridge, United Kingdom

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00724911

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