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The Opportunity for Conspiracy in Restraint of Trade: An Experimental Study

Isaac, R. Mark and Plott, Charles R. (1981) The Opportunity for Conspiracy in Restraint of Trade: An Experimental Study. Journal of Economic Behavior and Organization, 2 (1). pp. 1-30. ISSN 0167-2681. https://resolver.caltech.edu/CaltechAUTHORS:20140220-115148242

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Abstract

A study is a limited exploration into the relationship between the opportunity for conspiracy in restraint of trade and the resulting market performance. Laboratory experimental methods are applied to separate competing theories. The competitive model predicts well relative to cartel models. Nevertheless, when measurements are taken relative to the performance of markets where conspiracies are not possible, the effects of attempted conspiracies can be determined.


Item Type:Article
Related URLs:
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http://dx.doi.org/10.1016/0167-2681(81)90007-X DOIArticle
http://www.sciencedirect.com/science/article/pii/016726818190007XPublisherArticle
Additional Information:© 1981 North-Holland Publishing Company. Received November 1980. The financial support for this research was provided by the National Science Foundation. We gratefully acknowledge this assistance. Vernon Smith provided helpful criticisms of an early draft. We also wish to thank Julie Laberty and the Caltech Workshop in Experimental Methods for their many helpful comments.
Group:Social Science Working Papers
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Caltech Workshop in Experimental MethodsUNSPECIFIED
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Social Science Working Paper255
Issue or Number:1
Record Number:CaltechAUTHORS:20140220-115148242
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20140220-115148242
Official Citation:R.Mark Isaac, Charles R. Plott, The opportunity for conspiracy in restraint of trade: An experimental study, Journal of Economic Behavior & Organization, Volume 2, Issue 1, March 1981, Pages 1-30, ISSN 0167-2681, http://dx.doi.org/10.1016/0167-2681(81)90007-X. (http://www.sciencedirect.com/science/article/pii/016726818190007X)
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:43903
Collection:CaltechAUTHORS
Deposited By: Susan Vite
Deposited On:20 Feb 2014 21:15
Last Modified:03 Oct 2019 06:12

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