Multimarket contact and pricing: Evidence from the US cement industry

被引：83
|
作者：
Jans, I
Rosenbaum, DI
机构：
[1] Department of Economics, University of Nebraska, Lincoln
来源：
INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION | 1997年 / 15卷 / 03期
关键词：
multimarket contact; collusion; cement industry;
D O I：
10.1016/0167-7187(95)00493-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We empirically examine the effect of multimarket contact on pricing in the U.S. cement industry. A model of price and quantity formation is estimated for a panel of 25 regional cement markets over 16 years. The results indicate that the divergence of price from marginal cost in a particular market is directly related to the extent of multimarket contact among firms in that market.
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页码：391 / 412
页数：22
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