EconPapers    
Economics at your fingertips  
 

Cartels Uncovered

Ari Hyytinen, Frode Steen and Otto Toivanen

No 10/2010, Discussion Paper Series in Economics from Norwegian School of Economics, Department of Economics

Abstract: 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.

Keywords: Antitrust; cartel; competition; detection; Hidden Markov models; illegal; legal; leniency; policy; registry. (search for similar items in EconPapers)
JEL-codes: L00 L40 L41 L60 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2010-03-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.nhh.no/Admin/Public/DWSDownload.aspx?Fi ... pers%2f2010%2f10.pdf (application/pdf)

Related works:
Journal Article: Cartels Uncovered (2018) Downloads
Working Paper: Cartels Uncovered (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:nhheco:2010_010

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Discussion Paper Series in Economics from Norwegian School of Economics, Department of Economics NHH, Department of Economics, Helleveien 30, N-5045 Bergen, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by Synne Stormoen ().

 
Page updated 2025-03-31
Handle: RePEc:hhs:nhheco:2010_010