Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/119313
Authors: 
Fink, Nikolaus
Frübing, Stefan
Year of Publication: 
2015
Series/Report no.: 
ZEW Discussion Papers 15-066
Abstract: 
Due to being much better documented, legal cartels have recently attracted the interest of many researchers who aim to understand the functioning of illegal cartels in detail. This paper contributes to the question of what we can learn from legal cartels by taking a closer look at the cement industry which has a rich history of both legal and illegal cartels. We undertake a cross-country comparison for Austria, Germany, Poland and Norway, providing narrative evidence for many traits of the cases based on a variety of detailed sources. We identify similarities between legal and illegal cartels in aspects such as monitoring efforts, information exchange, the importance of industry associations and the role of capacities, whereas we also find substantial differences in the allocation of clients, reactions to deviations and pricing schedules.
Subjects: 
cartels
collusion
cement
JEL: 
L41
L43
L61
Document Type: 
Working Paper

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