Wood market cartel in Finland 1997–2004: Analyzing price effects using the indicator approach
نویسندگان
چکیده
Abstract Drawing from the idea that income distribution is affected by imperfect market competition, this article examines effect of a wood cartel, where roundwood buyers illegally exchanged price information in Finland during 1997–2004. Prices before, during, and after infringement period are examined using comparator-based econometric approach with indicator variables single-equation cointegrating models seemingly unrelated regressions model. Using monthly data 1996–2012, we investigate prices four softwood assortments, pine logs pulpwood, spruce consisting majority industrial volume traded Finnish market. The results suggest pulpwood was statistically significantly reduction due to on average about 10% over 1997–2004 period.
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ژورنال
عنوان ژورنال: Forest Policy and Economics
سال: 2021
ISSN: ['1872-7050', '1389-9341']
DOI: https://doi.org/10.1016/j.forpol.2020.102380