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dc.contributor.authorCarree, Martin-
dc.contributor.authorGünster, Andrea-
dc.contributor.authorvan Dijk, Mathijs-
dc.date.accessioned2019-09-25T08:27:56Z-
dc.date.available2019-09-25T08:27:56Z-
dc.date.issued2017-
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/18236-
dc.description.abstractThis paper examines how the formation and termination of cartels affect the performance and behavior of their member firms. We identify 252 publicly listed firms active in 66 European cartels between 1980 and 2007. We investigate both static effects (increased profitability) and changes in strategic firm behavior (R&D investment and acquisition rate). The results show that R&D investment is (increasingly) lower during the cartel period, while the rate of acquiring other firms in fact increases. Hence, next to allocative inefficiency, cartels may also give rise to dynamic inefficiencies in the form of less innovation efforts or increased concentration.de_CH
dc.language.isoende_CH
dc.rightsLicence according to publishing contractde_CH
dc.subject.ddc338: Produktionde_CH
dc.titleThe fat-cat effect of cartelsde_CH
dc.typeKonferenz: Sonstigesde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitFachstelle für Wirtschaftspolitik (FWP)de_CH
zhaw.conference.details44th Annual Conference of the European Association for Research in Industrial Economics (EARIE), Maastricht, Netherlands, 31 August - 2 September 2017de_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.publication.reviewPeer review (Abstract)de_CH
zhaw.author.additionalNode_CH
Appears in collections:Publikationen School of Management and Law

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