Boyer, Marcel; Kotchoni, Rachidi - HAL - 2011
49%. By examining more sources, Connor (2010b) finds a median of 23.3% for all type of cartels and a mean of 50.4% for … successful cartels. However, the data used in these studies are estimates rather than true observations, since the true illegal … profits of cartels are rarely observable. Therefore, these data are subject to model error, estimation error and publication …