The Review of Economics and Statistics Vol. 73 No. 3 1991
Price Fixing: The Probability of Getting Caught
Abstract
The authors estimate the probability that a price fixing conspiracy will be indicated by federal authorities to be at most between 0.13 and 0.17 in a given year. The authors' estimate is based on conspiracy durations calculated from data reported for a large sample of Department of Justice cases, and a statistical birth and death process model describing the onset and duration of conspiracies.
- DOI
- 10.2307/2109581
- Volume
- 73
- Issue
- 3
- Pages
- 531
- Sources
- crossref openalex