Measuring the Incentive to Collude: The Vitamin Cartels, 1990–99

Do mergers help or hinder collusion? This article studies the stability of the vitamin cartels in the 1990s and presents a repeated-games approach to quantify “coordinated effects” of a merger. We use data and direct evidence from American courts and European agencies to show the collusive incentive...

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Bibliographic Details
Published in:The Review of economic studies 2022-05, Vol.89 (3 (326)), p.1460-1494
Main Authors: IGAMI, MITSURU, SUGAYA, TAKUO
Format: Article
Language:English
Subjects:
Cartels
Collusion
Courts
Incentives
Mergers
Vitamin A
Vitamin C
Vitamins
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