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Is cartelisation profitable? ; a case study of the Rhenish Westphalian Coal Syndicate, 1893-1913
Lübbers, Thorsten - 2009
precisely, we consider the Rhenish-Westphalian Coal Syndicate, a coal cartel that operated in Imperial Germany in the late 19th … event study methodology to asses the reaction of the stock market to the foundation of the cartel and two major revisions of … data in a dynamic panel data framework. Overall, our results suggest that the investigated cartel had no significant effect …
Persistent link: https://www.econbiz.de/10003862293
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Cartels, managerial incentives, and productive efficiency in German coal mining, 1881-1913
Burhop, Carsten; Lübbers, Thorsten - 2008
In this paper, we evaluate the impact of cartelisation and managerial incentives on the productive efficiency of German coal mining corporations. We focus on coal mining in the Ruhr district, Germany's main mining area. We use stochastic frontier analysis and an unbalanced dynamic panel data set...
Persistent link: https://www.econbiz.de/10010264842
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Is Cartelisation Profitable? A Case Study of the Rhenish Westphalian Coal Syndicate, 1893-1913
Lübbers, Thorsten - Max-Planck-Institut zur Erforschung von … - 2009
precisely, we consider the Rhenish-Westphalian Coal Syndicate, a coal cartel that operated in Imperial Germany in the late 19th … event study methodology to asses the reaction of the stock market to the foundation of the cartel and two major revisions of … data in a dynamic panel data framework. Overall, our results suggest that the investigated cartel had no significant effect …
Persistent link: https://www.econbiz.de/10005248526
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Cartels, managerial incentives, and productive efficiency in German coal mining, 1881-1913
Burhop, Carsten; Luebbers, Thorsten - Max-Planck-Institut zur Erforschung von … - 2008
In this paper, we evaluate the impact of cartelisation and managerial incentives on the productive efficiency of German coal mining corporations. We focus on coal mining in the Ruhr district, Germany’s main mining area. We use stochastic frontier analysis and an unbalanced dynamic panel data...
Persistent link: https://www.econbiz.de/10005612399
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Cartels, Managerial Incentives, and Productive Efficiency in German Coal Mining, 1881-1913
Burhop, Carsten; Luebbers, Thorsten - 2008
In this paper, we evaluate the impact of cartelisation and managerial incentives on the productive efficiency of German coal mining corporations. We focus on coal mining in the Ruhr district, Germany's main mining area. We use stochastic frontier analysis and an unbalanced dynamic panel data set...
Persistent link: https://www.econbiz.de/10014216587
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Cartels, managerial incentives, and productive efficiency in German coal mining, 1881-1913
Burhop, Carsten (contributor);  … - 2008
; Germany pre-1913 ; Cartel ; Productive efficiency ; Corporate Governance …
Persistent link: https://www.econbiz.de/10003730769
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Endogenous price commitment, sticky and leadership pricing : evidence from the Italian petrol market
Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013
This article studies dynamic pricing strategies in the Italian gasoline market before and after the market leader unilaterally announced its commitment to adopt a sticky-pricing policy. Using daily Italian firm level prices and weekly average EU prices, we show that the effect of the new policy...
Persistent link: https://www.econbiz.de/10009777053
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Actions Speak Louder than Words : econometric evidence to target tacit collusion in oligopolistic markets
Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013
Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust enforcement which greatly depends on evidence of explicit communication. We propose to target specific elements of firms' behavior that facilitate tacit collusion by providing...
Persistent link: https://www.econbiz.de/10009777055
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Is Cartelisation Profitable? A Case Study of the Rhenish Westphalian Coal Syndicate, 1893-1913
Luebbers, Thorsten - 2017
precisely, we consider the Rhenish-Westphalian Coal Syndicate, a coal cartel that operated in Imperial Germany in the late 19th … event study methodology to asses the reaction of the stock market to the foundation of the cartel and two major revisions of … data in a dynamic panel data framework. Overall, our results suggest that the investigated cartel had no significant effect …
Persistent link: https://www.econbiz.de/10012706636
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Steigende Benzinpreise: Fehlende Transparenz auf dem Öl- und Kraftstoffmarkt?
Haucap, Justus; Diez, Willi; Otto, Hans-Joachim; … - In: ifo Schnelldienst 65 (2012) 11, pp. 3-15
Sind die steigenden Benzinpreise ein Zeichen mangelnden Wettbewerbs auf den Öl- und Kraftstoffmärkten? Was kann die Einrichtung einer »Markttransparenzstelle« beim Bundeskartellamt bewirken? Für Justus Haucap, Universität Düsseldorf und Vorsitzender der Monopolkommission, sollten...
Persistent link: https://www.econbiz.de/10011693344