Showing 1 - 10 of 149
Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early … nineties. Theoretical work has shown that leniency programs can be effective in enhancing cartel detection and deterrence, but …. Empirical evidence shows that the positive effect on cartel deterrence seems to dominate, but cannot provide definite evidence …
Persistent link: https://www.econbiz.de/10010304327
A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised … price. In the case of the German cement cartel that operated over 1991-2002, the primary source of non-cartel supply was … imports from Eastern European cement manufacturers. Industry sources have claimed that the cartel sought to control imports by …
Persistent link: https://www.econbiz.de/10011444250
We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member's allocated …
Persistent link: https://www.econbiz.de/10010421207
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011778716
Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early … nineties. Theoretical work has shown that leniency programs can be effective in enhancing cartel detection and deterrence, but …. Empirical evidence shows that the positive effect on cartel deterrence seems to dominate, but cannot provide definite evidence …
Persistent link: https://www.econbiz.de/10008869224
We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member's allocated …
Persistent link: https://www.econbiz.de/10010985711
The paper assesses the impact of the detection of a hard-core cartel in the Swiss market for road surfacing on post-cartel … derives estimates of the economic effects of the decision. The results indicate that the detection of the cartel may have led …
Persistent link: https://www.econbiz.de/10010299839
breakdown of a German cement cartel. We find that, first, after the breakdown of the cartel, cartel members reduce net prices to … a far larger extent than gross prices and that, second, noncartel members slip under the price umbrella of the cartel to …
Persistent link: https://www.econbiz.de/10010307841
Cartel detection is usually viewed as a key task of either competition authorities or compliance officials in firms … price screen would have allowed particularly larger customers to detect the upstream cement cartel before the competition …
Persistent link: https://www.econbiz.de/10010307848
The paper attempts to provide an appropriate model specification for identifying technology and other macroeconomic shocks in a structural VAR framework. The investigation is conducted based on two seminal structural VAR studies by Gali (1999) and King et al. (1991). The models of these studies...
Persistent link: https://www.econbiz.de/10010297992