What Can the Duration of Discovered Cartels Tell Us About the Duration of Cartels?

Joseph Harrington () and Yanhao Wei ()
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Joseph Harrington: Department of Business Economics & Public Policy, The Wharton School, University of Pennsyslvania
Yanhao Wei: Department of Economics, University of Pennsylvania

PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

Abstract: There are many data sets based on the population of discovered cartels and it is from this data that average cartel duration and the annual probability of cartel death are estimated. It is recognized, however, that these estimates could be biased because the population of discovered cartels may not be a representative sample of the population of cartels. This paper constructs a simple birth-death-discovery process to theoretically investigate what it is we can learn about cartels from data on discovered cartels.

Keywords: Cartel detection; Collusion; Antitrust (search for similar items in EconPapers)
JEL-codes: L1 L4 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014-07-26
New Economics Papers: this item is included in nep-com
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Citations: View citations in EconPapers (3)

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