Lübbers, Thorsten - Max-Planck-Institut zur Erforschung von … - 2009
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 …