What Can the Duration of Discovered Cartels Tell Us About the Duration of Cartels?

Joseph E. Harrington Jr, Yanhao Wei
2014 Social Science Research Network  
We express our appreciation for the comments of seminar participants at Wharton-BEPP. The ...rst author acknowledges the ...nancial support of the National Science Foundation (SES-1148129). 1 Abstract: There are many data sets based on the population of discovered cartels and it is from this data that average cartel duration and the annual probability of cartel death are estimated. It is recognized, however, that these estimates could be biased because the population of discovered cartels may
more » ... t be a representative sample of the population of cartels. This paper constructs a simple birth-death-discovery process to theoretically investigate what it is we can learn about cartels from data on discovered cartels.
doi:10.2139/ssrn.2526324 fatcat:bffqgwskrnbifo7gaq6ddg6k3q