Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Günster, Andrea | - |
| dc.date.accessioned | 2019-10-04T13:54:24Z | - |
| dc.date.available | 2019-10-04T13:54:24Z | - |
| dc.date.issued | 2011 | - |
| dc.identifier.uri | https://digitalcollection.zhaw.ch/handle/11475/18349 | - |
| dc.description.abstract | Cartel existence might evoke three types of inefficiencies according to economic theory: allocative, dynamic and x-inefficiency. We estimate the profitability of international cartels thereby testing for the allocative inefficiency hypothesis. Second, we assess dynamic inefficiency measured by considering investments into R&D. Third, we asses x-inefficiency by considering (labor) productivity. Our research analyzes firm-specific financial data for a sample of 143 firms involved in 50 European cartel infringements that took place between 1983 and 2004 involving internationally operating firms. Our findings support increased profitability showing a significant rise in return on assets during cartel years. Ringleaders are more profitable on average than other cartel members. R&D expenditures over sales and assets measuring dynamic efficiency decrease during the cartel period. Productive efficiency – measured as sales over employees – declines during the cartel phase indicating a “quiet life” effect. | de_CH |
| dc.language.iso | en | de_CH |
| dc.rights | Licence according to publishing contract | de_CH |
| dc.subject.ddc | 338: Produktion | de_CH |
| dc.title | Do cartels undermine economic efficiency? | de_CH |
| dc.type | Konferenz: Sonstiges | de_CH |
| dcterms.type | Text | de_CH |
| zhaw.departement | School of Management and Law | de_CH |
| zhaw.organisationalunit | Zentrum für Arbeitsmärkte, Digitalisierung und Regionalökonomie (CLDR) | de_CH |
| zhaw.conference.details | 2nd Workshop: «Industrial Organization», Otranto, Italy, 23-24 June 2011 | de_CH |
| zhaw.funding.eu | No | de_CH |
| zhaw.originated.zhaw | No | de_CH |
| zhaw.publication.status | publishedVersion | de_CH |
| zhaw.publication.review | Keine Begutachtung | de_CH |
| zhaw.author.additional | No | de_CH |
| Appears in collections: | Publikationen School of Management and Law | |
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Günster, A. (2011). Do cartels undermine economic efficiency? 2nd Workshop: «Industrial Organization», Otranto, Italy, 23-24 June 2011.
Günster, A. (2011) ‘Do cartels undermine economic efficiency?’, in 2nd Workshop: «Industrial Organization», Otranto, Italy, 23-24 June 2011.
A. Günster, “Do cartels undermine economic efficiency?,” in 2nd Workshop: «Industrial Organization», Otranto, Italy, 23-24 June 2011, 2011.
GÜNSTER, Andrea, 2011. Do cartels undermine economic efficiency? In: 2nd Workshop: «Industrial Organization», Otranto, Italy, 23-24 June 2011. Conference presentation. 2011
Günster, Andrea. 2011. “Do Cartels Undermine Economic Efficiency?” Conference presentation. In 2nd Workshop: «Industrial Organization», Otranto, Italy, 23-24 June 2011.
Günster, Andrea. “Do Cartels Undermine Economic Efficiency?” 2nd Workshop: «Industrial Organization», Otranto, Italy, 23-24 June 2011, 2011.
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