Browsing Interdisciplinary Centres & Research Groups by Subject "L10"

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Cartel stability and the Joint Executive Committee, 1880-1886

Lobato, Ignacio N. ; Walsh, Patrick P. (Trinity College Dublin. Department of Economics, 1994)

In this paper we analyse a railroad cartel run by the Joint Executive Committee (JEC) in the United States in the nineteenth century. The JEC was a cartel whose members anticipated a periodic fall in demand due to competition ...
Corn market dynamics and the Joint Executive Committee (1880-1886)

Mariuzzo, Franco ; Walsh, Patrick P. (University College Dublin. Geary Institute, 2009-06)

We incorporate previously omitted controls of external conditions in transportation and commodity markets into Porter's (1983) analysis of industry demand, conduct and stability of the JEC railroad cartel. We estimate the ...
Cost of delay and endogenous price leadership

Pastine, Ivan (Elsevier Science, 2004-01)

We study the effects of discounting in a standard endogenous price leadership model. We show that there will be occasional changes in the identity of the leader with any cost of delay or discounting, however small. By ...
The firm size distribution and inter-industry diversification

Hutchinson, John ; Konings, Jozef ; Walsh, Patrick P. (University College Dublin. Geary Institute, 2009-08)

We show that the stylized facts of the Firm Size Distribution (FSD) by age cohorts, as shown in Cabral and Mata (2003), bind within 4-digit manufacturing industries in the UK and Belgium. As in Klepper and Thompson (2006) ...