Screening for Competition Failures : Some Remarks on Horizontal Anticompetitive Behavior Visual Detection

• Autorzy: Sylwester Bejger
• Języki publikacji: EN

Abstrakty

EN

Anticompetitive horizontal behaviors are very common and harmful for economy as a whole and consumer welfare especially. Such behaviors in most cases mean collusion. Pro-active anticompetitive policy we want to realize implies monitoring of huge set of markets and industries. As preliminary selection is possible on a basis of number of factors that enhanced collusion, there could be still big set of industries left. There is a necessity then for methods of collusion's detection which would be quick, resource - saving and understandable for economists, experts and lawyers without quantitative experience. We described here fairly simple but meaningful, graphical tools which could be used in process of screening for collusive behavior in the markets. We underlined that ability of graphical inspection depends on statistical/econometric tool of choice for particular screen, so we see a need for research and popularization of tools with that property. (original abstract)

Słowa kluczowe

EN

Collusion; Limiting competition; Prohibition of competition restricting agreements; Combating unfair competition

PL

Zmowa; Ograniczanie konkurencji; Zakaz porozumień ograniczających konkurencję; Zwalczanie nieuczciwej konkurencji

• Czasopismo: Ekonomia i Prawo
• Rocznik: 2015
• Tom: 14
• Numer: nr 2
• Strony: 169--188

Twórcy

autor

Sylwester Bejger

• Nicolaus Copernicus University in Toruń, Poland

Bibliografia

• Abrantes-Metz R., Aluminum Market Dislocation: Incentives, Structure and Reform, "SSRN Electronic Journal", No. 2013, http://dx.doi.org/10.2139/ssrn.2328902.
• Abrantes-Metz R., Bajari P., Screens for Conspiracies and their Multiple Applications, "Antitrust", Vol. 24, No. 1/2009.
• Abrantes-Metz R., Froeb L., Geweke J., Taylor C.T., A variance screen for collusion, "International Journal of Industrial Organization", Vol. 24, No. 3/2006, http://dx.doi.org/10.1016/j.ijindorg.2005.10.003.
• Abrantes-Metz R., Kraten M., Metz A.D., Seow G.S., Libor Manipulation?, "Journal of Banking and Finance", Vol. 36, No. 1/2012, http://dx.doi.org/10.1016/j.jbankfin.2011.06.014.
• Abrantes-Metz R., Metz A.D., How Far Can Screens Go in Detecting Explicit Collusion? New Evidence From the Libor Setting, "Competition Policy International Antitrust Chronicle", Vol. 1/2012.
• Abrantes-Metz R., Pro-active vs. Reactive Anti-Cartel Policy: the Role of Empirical Screens, "SSRN Electronic Journal", No. 2013, http://dx.doi.org/10.2139/ssrn.2284740.
• Abrantes-Metz R., Villas-Boas S.B., Judge G., Tracking the Libor Rate, "Applied Economics Letters", Vol. 18, No. 10/2011, http://dx.doi.org/10.1080/13504851.2010.515197.
• Aghion P., Bloom N., R. Blundell, Griffith R., Howitt P., Competition and Innovation: an Inverted-U Relationship, "The Quarterly Journal of Economics", Vol. 120, No. 2/2005, http://dx.doi.org/10.1093/qje/120.2.701.
• Antitrust Division U.S. Department of Justice, An antitrust primer for federal law enforcement personnel, Washington 2005.
• Athey S., Bagwell K., Sanchirico C., Collusion and price rigidity, "Review of Economic Studies", Vol. 71, No. 2/2004, http://dx.doi.org/10.1111/0034-6527.00286.
• Bejger S., Collusion and seasonality of market price - a case of fixed market shares, "Business and Economic Horizons", Vol 2/2010, http://dx.doi.org/10.15208/beh.2010.16.
• Bejger S., Econometric tools for detection of collusion equilibrium in the industry, "Dynamic Econometric Models", Vol. 9/2009, http://dx.doi.org/10.12775/dem.2009.003.
• Bejger S., Polish cement industry cartel - preliminary examination of collusion existence, "Business and Economic Horizons", Vol. 4/2011, http://dx.doi.org/10.15208/beh.2011.8.
• Blanchflower D., Machin S., Product market competition, wages and productivity: international evidence from establishment-level data, Centre for Economic Performance Discussion Paper, No. 286/1996.
• Bolotova Y., Connor J.M., Miller D.J., The impact of collusion on price behavior: Empirical results from two recent cases, "International Journal of Industrial Organization", Vol. 26, No. 6/2008, http://dx.doi.org/10.1016/j.ijindorg.2007.12.008.
• Connor J., Archer Daniels Midland: Price-fixer to the World, Staff paper No. 00-11, Department of Agricultural Economics, Purdue University, West Lafayette 2000.
• Davidson J., Forecasting Markov-switching dynamic, conditionally heteroscedastic processes, "Statistic and Probability Letters", Vol. 68, No. 2/2004, http://dx.doi.org/10.1016/j.spl.2004.02.004.
• Ehrlich I., Gallais-Hammono G., Liu Z., Lutter R., Productivity growth and firm owner-ship: an analytical and empirical investigation, "Journal of Political Economy", Vol. 102, No. 5/1994, http://dx.doi.org/10.1086/261962.
• Hamilton J.D., A new approach to the economic analysis of nonstationary time series and the business cycle, "Econometrica", Vol. 57, No. 2/1989, http://dx.doi.org/10.2307/1912559.

Identyfikatory

DOI

10.12775/EiP.2015.010