In this paper, we compare the distribution of price changes between collusive and noncollusive periods for ten major cartels. The first moments focus on previous research. We extend the discussion to the third (skewness) and fourth (kurtosis) moments. However, none of the above descriptive...

In this paper, we develop a market screening model to detect inconstancies in price changes. Although there is a long history of industrial organization research of collusion, price setting behavior, and conduct - a robust model to detect structural changes in market structure was missing so...

In this paper, we construct a data set of Internet offer prices for flats in 48 large European cities from 24 countries. The data are collected in January-April 2012 from 33 websites, where the advertisements of flats for sale are placed. Using these data we investigate the determinants of the...

In this paper a dynamic bi-factor model with Markov-switching is developed to measure and predict turning points. Both common factors have their own cyclical dynamics and their lead-lag relationships are reflected in the transition probabilities matrix. The model is applied to four coincident...

Corporate Universities sind Aus- und Weiterbildungsinstitutionen, welche von Unternehmen getragenwerden. In der Regel werden dort die Lehr- und Lern-Aktivitäten für Mitarbeiter, Kunden und Lieferantenzusammengefaßt. Das Ziel ist ein ganzheitlicher Ansatz, welcher Lernen und...