Econometric Tools for Detection of Collusion Equilibrium in the Industry

Repository of Nicolaus Copernicus University

Show simple item record

dc.contributor.author Bejger, Sylwester
dc.date.accessioned 2014-11-07T08:50:45Z
dc.date.available 2014-11-07T08:50:45Z
dc.date.issued 2009-07-18
dc.identifier.citation Dynamic Econometric Models, Vol. 9, pp. 27-38
dc.identifier.issn 1234-3862
dc.identifier.other doi:10.12775/DEM.2009.003
dc.identifier.uri http://repozytorium.umk.pl/handle/item/2233
dc.description.abstract The article presents the notion of detection of overt or tacit collusion equilibrium in the context of choice of the appropriate econometric method, which is determined by the amount of information that the observer possesses. There has been shown one of the collusion markers coherent with an equilibrium of the proper model of strategic interaction – the presence of structural disturbances in the price process variance for phases of collusion and competition. The Markov Switching Model with switching of variance regimes has been proposed as a proper theoretical method detecting that type of changes without prior knowledge of switching moments. In order to verify the effectiveness of the method it has been applied to a series of lysine market prices throughout and after termination of its manufacturers’ collusion.
dc.language.iso eng
dc.rights Attribution-NoDerivs 3.0 Poland
dc.rights info:eu-repo/semantics/openAccess
dc.rights.uri http://creativecommons.org/licenses/by-nd/3.0/pl/
dc.subject explicit and tacit collusion
dc.subject collusive equilibrium
dc.subject cartel detection
dc.subject lysine
dc.subject price variance
dc.subject Markov switching model
dc.title Econometric Tools for Detection of Collusion Equilibrium in the Industry
dc.type info:eu-repo/semantics/article

Files in this item

This item appears in the following Collection(s)

Show simple item record

Attribution-NoDerivs 3.0 Poland Except where otherwise noted, this item's license is described as Attribution-NoDerivs 3.0 Poland

Search repository

Advanced Search


My Account