In Which Industries is Collusion More Likely? Evidence from the UK
利用20世纪50年代英国制造业价格操纵的全面数据，研究发现资本密集型行业更易合谋，而广告密集型行业合谋可能性较低，市场增长与合谋呈非线性关系，但市场集中度与合谋无明确关联。
I examine the factors facilitating or hindering collusion using a comprehensive data set on the incidence of price–fixing across UK manufacturing industries in the 1950s. The econometric results suggest that collusion is more likely the higher the degree of capital intensity and less likely in advertising–intensive than in low–advertising industries. There is also some evidence of a non–monotonic relationship between market growth and the likelihood of collusion. There is no clear link between concentration and the incidence of collusion.