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.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The Law of One Price and the Cointegration of Meat Price in The Global Market: The Case of Iran’s Market

In view of the importance of the meat imports and the exports of meat in Iran, this study focuses on the status of the global market of meat imports the unit price test in these markets between the years 1961 and 2011 using the market cointegration approach. The results of this study are indicative of prices co-integration in the international market of meat as well as among such major importer...

متن کامل

Price Relationships and Spillover Effects of Price Volatilities in Iran's Rice Market

Rice plays an especial role in Iranian households' nutrition basket. The volatilities of its price during recent years caused consumers' dissatisfaction. This paper investigates spillover effects of price volatilities (at the wholesale and retail levels) in the Guilan Province rice market. The Generalized Autoregressive Conditional Hetroscedasitic (GARCH) model was used for the monthly time per...

متن کامل

The Impact of the Corporate Leniency Program on Cartel Formation and the Cartel Price Path∗

Previous research exploring the effect of corporate leniency programs has modelled the oligopoly stage game as a Prisoners’ Dilemma. Using numerical analysis, we consider the Bertrand price game and allow the probability of detection and penalties to be sensitive to firms’ prices. Consistent with earlier results, a maximal leniency program necessarily makes collusion more difficult. However, we...

متن کامل

Analyzing Hospital Bed Productivity Using an Innovative Indicator

Background and Aim: Hospital bed productivity is crucial for efficient management. In this study, the capacity of hospital beds in Al-Zahra Hospital in Isfahan was evaluated using an innovative indicator. Methods: The present study was performed by a descriptive method in 2018. Using the statistical data of Al-Zahra Hospital, field survey, review of the official license of the hospital and putt...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Forest Policy and Economics

سال: 2021

ISSN: ['1872-7050', '1389-9341']

DOI: https://doi.org/10.1016/j.forpol.2020.102380