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来源类型Working Paper
规范类型报告
DOI10.3386/w29253
来源IDWorking Paper 29253
Hub and Spoke Cartels: Theory and Evidence from the Grocery Industry
Robert Clark; Ignatius Horstmann; Jean-François Houde
发表日期2021-09-20
出版年2021
语种英语
摘要Numerous recently uncovered cartels operated along the supply chain, with firms at one end facilitating collusion at the other – hub-and-spoke arrangements. These cartels are hard to rationalize because they induce double marginalization and higher costs. We examine Canada’s alleged bread cartel and provide the first comprehensive analysis of hub-and-spoke collusion. We make three contributions: i) Using court documents and pricing data we provide evidence that collusion existed at both ends of the supply chain, ii) we show that collusion was effective, increasing inflation by about 40% and iii) we provide a model explaining why this form of collusion arose.
主题Industrial Organization ; Market Structure and Firm Performance ; Antitrust
URLhttps://www.nber.org/papers/w29253
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586927
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Robert Clark,Ignatius Horstmann,Jean-François Houde. Hub and Spoke Cartels: Theory and Evidence from the Grocery Industry. 2021.
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