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E-book
Author Moreau, Flavien

Title Macroeconomic Effects of Market Structure Distortions : Evidence from French Cartels / Flavien Moreau, Ludovic Panon
Published Washington, D.C. : International Monetary Fund, 2022

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Description 1 online resource (85 pages)
Series 1\ IMF Working Papers, 1018-5941
IMF Working Papers; Working Paper ; No. 2022/104
Summary We provide systematic evidence on cartels' characteristics, using novel data on cases investigated by the French Competition Authority. These practices are widely spread across sectors and cartel members are typically among the top firms in their industries. In a model with heterogeneous firms and collusion, cartels amplify misallocation by charging supracompetitive markups. Breaking down French cartels would increase aggregate productivity by 2%, welfare by 3.5%, bringing the economy 37% closer to the efficient frontier. These numbers shed light on the aggregate importance of collusion
Notes Description based on print version record
Form Electronic book
Author Panon, Ludovic