How do changes in competitive intensity affect trade patterns? Some cartels may find it advantageous to eliminate cross-hauling and divide markets geographically. We exploit a quasi-natural experiment associated with increased antitrust enforcement to determine if market division strategies were...

We estimate the impact of cartel organizational features, as well as macroeconomic fluctuations and industry structure, on cartel duration using a data set of contemporary international cartels. We estimate a proportional hazards model with competing risks, distinguishing factors that increase...

This article develops a structural model of the aluminum industry during the period between World War I and World War II. It takes into account both the intertemporal nature of Alcoa's cost minimization problem and the competitive recycling sector. The model enables estimation of Alcoa's degree...