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Price Fixing: The Probability of Getting Caught

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  • Bryant, Peter G
  • Eckard, E Woodrow, Jr

Abstract

The authors estimate the probability that a price fixing conspiracy will be indicated by federal authorities to be at most between 0.13 and 0.17 in a given year. The authors' estimate is based on conspiracy durations calculated from data reported for a large sample of Department of Justice cases, and a statistical birth and death process model describing the onset and duration of conspiracies. Copyright 1991 by MIT Press.

Suggested Citation

  • Bryant, Peter G & Eckard, E Woodrow, Jr, 1991. "Price Fixing: The Probability of Getting Caught," The Review of Economics and Statistics, MIT Press, vol. 73(3), pages 531-536, August.
  • Handle: RePEc:tpr:restat:v:73:y:1991:i:3:p:531-36
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