In Which Industries Is Collusion More Likely?
This paper provides an analysis of factors facilitating or hindering collusion using data on the occurrence of price-fixing across UK manufacturing industries in the 1950s. The econometric results suggest that collusion is more likely the higher the degree of capital intensity and less likely in advertising-intensive than in low-advertising industries, while the relationship between market growth and the likelihood of collusion is non-monotonic. Less clear results are obtained with respect to R&D intensity and concentration.
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CEPR Discussion Papers
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- Hay, George A & Kelley, Daniel, 1974. "An Empirical Survey of Price Fixing Conspiracies," Journal of Law and Economics, University of Chicago Press, vol. 17(1), pages 13-38, April.
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