search query: @author Möllgaard, P. / total: 1
reference: 1 / 1
« previous | next »
| Author: | Albaek, S. Möllgaard, P. Overgaard, P. B. |
| Title: | Government-assisted oligopoly coordination? A concrete case |
| Journal: | Journal of Industrial Economics
1997 : DEC, Vol. 45:4, p. 429-443 |
| Index terms: | GOVERNMENT OLIGOPOLY DENMARK |
| Language: | eng |
| Abstract: | In 1993 the Danish antitrust authority decided to gather and publish firm-specific transactions prices for two grades of ready-mixed concrete in three regions of Denmark. Following initial publication, average prices of reported grades increased by 15-20 percent within one year. We investigate whether this was due to a business upturn and/or capacity constraints, but argue that these seem to have little explanatory power. We conclude that a better explanation is that publication of prices allowed firms to reduce the intensity of oligopoly price competition and, hence, led to increased prices contrary to the aim of the authority. |
« previous | next »
SCIMA