In this paper, we compare the distribution of price changes between collusive and noncollusive periods for ten major cartels. The first moments focus on previous research. We extend the discussion to the third (skewness) and fourth (kurtosis) moments. However, none of the above descriptive...

Downward nominal wage rigidity (DNWR) could prevent real wage adjustments in times of low inflation rates. Nominal wage rigidity based on annual wages can at least be reduced, if the number of working hours is considered. This leads to a lower degree of DNWR in hourly wage changes. In this...

This work simulates the behavior of a price, quota and regional cartel in terms of indicators such as price, capacity and rate of return. As a first step the specific behavior patterns of each cartel are indicated in a graphical analysis before a comparison to a competitive benchmark has been...

Kartelle sind allgegenwärtig. Das jüngst entdeckte Spannstahlkartell reiht sich ein in die zehn größten entdeckten Kartelle der EU. Doch viele Kartelle agieren weiterhin unentdeckt und belasten die Konsumenten mit überhöhten Preisen. Die Wettbewerbsbehörden stützen ihre Ermittlungen...