Duration of Norwegian Cartels : What influenced the duration of the legal Norwegian cartels in the period 1957-1991?
Master thesis
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http://hdl.handle.net/11250/2403708Utgivelsesdato
2016-09-02Metadata
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- Master Thesis [4372]
Sammendrag
In this thesis I study the duration of cartels using data on 191 legal manufacturing cartels that
was registered in the Norwegian Cartel Registry between 1957 and 1991. I find that the
Norwegian manufacturing cartels typically were quite small and that they more often
cooperated through price-based mechanisms rather than market allocation-based ones. Cartels
that use quotas or exclusive territories lasted longer than cartels that fixed prices. Economic
fluctuations are found to influence the duration of a cartel with negative deviations from trend
GDP increasing the probability of a cartel breaking up while positive deviations from trend
reduces it. The use of common sales offices are found to be positively related to the durability
of cartels.