| dc.contributor.author | Steen, Frode | |
| dc.contributor.author | Toivanen, Otto | |
| dc.contributor.author | Hyytinen, Ari | |
| dc.date.accessioned | 2011-02-14T13:27:15Z | |
| dc.date.available | 2011-02-14T13:27:15Z | |
| dc.date.issued | 2010-03 | |
| dc.identifier.issn | 0804-6824 | |
| dc.identifier.uri | http://hdl.handle.net/11250/163330 | |
| dc.description.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. | en |
| dc.language.iso | eng | en |
| dc.publisher | Norwegian School of Economics and Business Administration. Department of Economics | en |
| dc.relation.ispartofseries | Discussion paper | en |
| dc.relation.ispartofseries | 2010:10 | en |
| dc.subject | antitrust | en |
| dc.subject | cartel | en |
| dc.subject | competition | en |
| dc.subject | detection | en |
| dc.subject | Hidden Markov models | en |
| dc.subject | policy | en |
| dc.subject | registry | en |
| dc.subject | leniency | en |
| dc.subject | legal | en |
| dc.subject | illegal | en |
| dc.title | Cartels uncovered | en |
| dc.type | Working paper | en |
| dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | en |
