| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
COMMENT ON CRANDALL AND WINSTON (2003)
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| Autores: |
Connor, John M.
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| Data: |
2004-01-30
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| Ano: |
2004
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| Palavras-chave: |
Agricultural and Food Policy
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| Resumo: |
In a paper published in the Journal of Economic Perspectives in the fall of 2003, Robert Crandall and Clifford Winston all but call for the repeal of the Nation's antitrust laws. Their qualifications to make such a radical proposal are in doubt, but more importantly their purported review of empirical studies of overt price-fixing effects is shallow, biased, and naive. Crandall and Winston's assertion that the direct benefits of convicting price-fixers are slight is central to their paper's thesis. Their review is shallow because the five studies that they examine comprise less than 2% of the economic literature that quantitatively estimates the price effects of explicit price-fixing schemes; it is biased because the chosen studies find no or weak price effects, whereas the vast majority of such studies find significant positive effects on price during the collusive period; it is naïve because the selected studies are either severely flawed or irrelevant.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
12467
http://purl.umn.edu/28659
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| Editor: |
AgEcon Search
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| Relação: |
Purdue University>Department of Agricultural Economics>Staff Papers
Staff Paper 04-01
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| Formato: |
4
application/pdf
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