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Discussion Paper Details

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Title: In Which Industries Is Collusion More Likely?

Author(s): George Symeonidis

Publication Date: November 1999

Keyword(s): Cartels, Collusion and UK Manufacturing

Programme Area(s): Industrial Organization

Abstract: 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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Bibliographic Reference

Symeonidis, G. 1999. 'In Which Industries Is Collusion More Likely?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=2301