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1
Cartel Duration and Endogenous Private Monitoring and Communication: An Instrumental Variables Approach
Zhou, Jun. - : München: Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY), 2012
Abstract: Colluding firms often exchange private information and make transfers within the cartels based on the information. Estimating the impact of such collusive practices'€” known as the 'lysine strategy profile (LSP)€'€” on cartel duration is difficult because of endogeneity and omitted variable bias. I use firms' linguistic differences as an instrumental variable for the LSP in 135 cartels discovered by the European Commission since 1980. The incidence of the LSP is not significantly related to cartel duration. After correction for selectivity in the decision to use the LSP, statistical tests are consistent with a theoretic prediction that the LSP increases cartel duration.
Keyword: cartel duration; D43; Dauer; ddc:330; endogenous covariates; EU-Staaten; Informationsverbreitung; K21; K42; Kartell; L13; monitoring; Nachhaltigkeit; post-agreement information exchange; Schätzung; the lysine strategy profile; Theorie; verification and promotion of compliance; within-cartel transfers
URL: http://hdl.handle.net/10419/93818
https://doi.org/10.5282/ubm/epub.13185
https://nbn-resolving.org/urn:nbn:de:bvb:19-epub-13185-6
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2
Educational Attainment and Education-job Mismatch of Cross-border Commuters in the EU
Huber, Peter. - : Vienna: Austrian Institute of Economic Research (WIFO), 2011
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3
Multilingualism and intercultural dialogue in the Euroepan Union: A Romanian perspective
Carp, Radu; Nevaci, Manuela; Nicolae, Mariana. - : Bucharest: European Institute of Romania, 2007
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4
Ever closer union or Babylonian discord?: the official-language problem in the European Union
Fidrmuc, Jan; Ginsburgh, Victor; Weber, Shlomo. - : CORE, 2006. : Niedersächsische Staats- und Universitätsbibliothek, 2006
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5
Forecasting ECB monetary policy: accuracy is (still) a matter of geography
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel. - : Berlin: Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft, 2006
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6
Forecasting ECB monetary policy: accuracy is (still) a matter of geography
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel. - : Frankfurt a. M.: European Central Bank (ECB), 2006
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7
The application of multilingualism in the European Union context
Athanassiou, Phoebus. - : Frankfurt a. M.: European Central Bank (ECB), 2006
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8
Does it Pay to Watch Central Bankers' Lips? The Information Content of ECB Wording
Heinemann, Friedrich; Ullrich, Katrin. - : Mannheim: Zentrum für Europäische Wirtschaftsforschung (ZEW), 2005
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