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In this paper, we evaluate the impact of cartelisation and managerial incentives on the productive efficiency of German coal mining corporations. We focus on coal mining in the Ruhr district, Germany's main mining area. We use stochastic frontier analysis and an unbalanced dynamic panel data set...
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; Germany pre-1913 ; Cartel ; Productive efficiency ; Corporate Governance …
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We examine the effect of one of the presumably most powerful cartels ever on the profitability of its members. More … precisely, we consider the Rhenish-Westphalian Coal Syndicate, a coal cartel that operated in Imperial Germany in the late 19th … event study methodology to asses the reaction of the stock market to the foundation of the cartel and two major revisions of …
Persistent link: https://www.econbiz.de/10012706636
This article studies dynamic pricing strategies in the Italian gasoline market before and after the market leader unilaterally announced its commitment to adopt a sticky-pricing policy. Using daily Italian firm level prices and weekly average EU prices, we show that the effect of the new policy...
Persistent link: https://www.econbiz.de/10009777053
Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust enforcement which greatly depends on evidence of explicit communication. We propose to target specific elements of firms' behavior that facilitate tacit collusion by providing...
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Economic transitions have the potential to displace workers and cause social unrest. Coal mine closures in the eastern United States due to the changing electricity system and the resulting employment losses in rural areas have become salient issues for all levels of government. Previous...
Persistent link: https://www.econbiz.de/10011822795