How Can a Cartel Be Detected?
There is a long history of analyzing the workability of markets regarding concentration ratios as indicators of workability. In this paper, we discuss a comparatively new concept, the Coordination Failure Diagnostics (CFD) Concept, introduced by Grossekettler ( 1982 , 1999 , 2005 , 2008 ). The CFD-concept analyzes real market processes by means of time series analysis and investigates whether they operate efficiently or not. Furthermore, the concept can be used as a tool for detecting cartels. Therefore, we develop a System of Cartel Markers which can be used to analyze real markets. We analyze the German cement industry as an example of a cartel and find significant differences to the competitive benchmark. Copyright International Atlantic Economic Society 2009
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Volume (Year): 15 (2009)
Issue (Month): 4 (November)
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