The Welfare Impact Of Collusion Under Various Industry Characteristics: A Panel Examination Of Efficient Cartel Theory (ICPSR 34351)

Version Date: Jan 30, 2013

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Principal Investigator(s):
Jason Taylor, Central Michigan University

https://doi.org/10.3886/ICPSR34351.v1

Version V1

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Summary

This collection focuses on the welfare impact of collusion under various industry characteristics. The data were assembled using publically available administrative records data, census/enumeration data and observational data from the industry level. Industries represented in this collection include asphalt, auto parts, brick, iron, paper-pulp, and rubber industries, as well as those dealing in other types of products and raw materials.

Citation

Taylor, Jason. The Welfare Impact Of Collusion Under Various Industry Characteristics: A Panel Examination Of Efficient Cartel Theory. Inter-university Consortium for Political and Social Research [distributor], 2013-01-30. https://doi.org/10.3886/ICPSR34351.v1

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Funding

National Science Foundation (0718380)

Subject Terms

Geographic Coverage

Smallest Geographic Unit

none

Distributor(s)

Inter-university Consortium for Political and Social Research
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Time Period(s)

1927-01 -- 1937-12

Date of Collection

1927-01 -- 1937-12

Data Collection Notes

  1. This collection has been minimally processed; data appear as they were received from the principal investigator. No additional information was provided. Therefore, ICPSR cannot confirm what each of the variables measure.

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Study Purpose

This research aimed to examine cartel performance in the United States under the National Industrial Recovery Act of 1933. Additionally, two distinct "efficient cartel" hypotheses were tested that claim inter-firm coordination can increase economic efficiency in industries with a large degree of avoidable fixed costs and/or variable output.

Study Design

A monthly panel of data for 66 cartelized industries was used to perform a broad empirical test of the dynamics of the efficient-cartel thesis. Additionally, a 'second stage' regression was employed, which used estimated parameters from the first stage as dependent variables, to examine whether those industries that faced higher fixed costs and uncertainty of demand had significantly different welfare effect outcomes under collusion.

Universe

Various industry cartels within the United States in the 1920s and 1930s.

Unit(s) of Observation

industry, cartel

Data Source

These data were collected in the 1920s and 1930s by various government agencies such as the Bureau of Labor Statistics and the National Industrial Conference Board; most are available online from the National Bureau of Economic Research Web site.

Data Type(s)

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Original Release Date

2013-01-30

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:
  • Taylor, Jason. The Welfare Impact Of Collusion Under Various Industry Characteristics: A Panel Examination Of Efficient Cartel Theory. ICPSR34351-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2013-01-30. http://doi.org/10.3886/ICPSR34351.v1

2013-01-30 ICPSR data undergo a confidentiality review and are altered when necessary to limit the risk of disclosure. ICPSR also routinely creates ready-to-go data files along with setups in the major statistical software formats as well as standard codebooks to accompany the data. In addition to these procedures, ICPSR performed the following processing steps for this data collection:

  • Checked for undocumented or out-of-range codes.
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Notes