Oindrila De - Academia.edu (original) (raw)
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Papers by Oindrila De
Research Papers in Economics, 2012
Journal of Antitrust Enforcement, 2017
The Economic Journal, 2013
The concept of a cartel ringleader has specific legal meaning but has received relatively little ... more The concept of a cartel ringleader has specific legal meaning but has received relatively little attention in the economic literature of cartels. This article draws on a sample of 89 European cartels to identify how often ringleaders exist, who they are and what they do. It argues that ringleaders are more likely where the traditional ‘cartel problems’ are likely to be most acute, i.e. with larger numbers of members exhibiting substantial size asymmetries. This is confirmed for price-fixing and bid-rigging cartels and is especially pronounced where the ringleader displays ‘aggressive’ as opposed to merely ‘organisational’ behaviour.
We study upstream and downstream prices and the profit margin of crude oil in a Southwest-US regi... more We study upstream and downstream prices and the profit margin of crude oil in a Southwest-US regional crude oil intermediary market, where oil is transported by motor vehicle. We analyze a proprietary data set that permits a unique account of intermediation in a regional market. This contrasts with existing empirical studies, which rely on national/international level crude oil data that is heavily influenced by macroeconomic and political factors. We estimate panel hedonic models to analyze the effects of geographic variables, the characteristics of bilateral business deals between an intermediary and the upstream and downstream trading partners, and the quality components of the crude oil on prices and margins. Selection bias involving crude oil posted price is accounted for using a standard instrumental variable approach and a Hausman-Taylor instrumental variable approach. Results show that in this market, the characteristics of bilateral business deals and logistic issues have s...
Review of Industrial Organization
International Journal of The Economics of Business, 2010
Research Papers in Economics, 2012
Journal of Antitrust Enforcement, 2017
The Economic Journal, 2013
The concept of a cartel ringleader has specific legal meaning but has received relatively little ... more The concept of a cartel ringleader has specific legal meaning but has received relatively little attention in the economic literature of cartels. This article draws on a sample of 89 European cartels to identify how often ringleaders exist, who they are and what they do. It argues that ringleaders are more likely where the traditional ‘cartel problems’ are likely to be most acute, i.e. with larger numbers of members exhibiting substantial size asymmetries. This is confirmed for price-fixing and bid-rigging cartels and is especially pronounced where the ringleader displays ‘aggressive’ as opposed to merely ‘organisational’ behaviour.
We study upstream and downstream prices and the profit margin of crude oil in a Southwest-US regi... more We study upstream and downstream prices and the profit margin of crude oil in a Southwest-US regional crude oil intermediary market, where oil is transported by motor vehicle. We analyze a proprietary data set that permits a unique account of intermediation in a regional market. This contrasts with existing empirical studies, which rely on national/international level crude oil data that is heavily influenced by macroeconomic and political factors. We estimate panel hedonic models to analyze the effects of geographic variables, the characteristics of bilateral business deals between an intermediary and the upstream and downstream trading partners, and the quality components of the crude oil on prices and margins. Selection bias involving crude oil posted price is accounted for using a standard instrumental variable approach and a Hausman-Taylor instrumental variable approach. Results show that in this market, the characteristics of bilateral business deals and logistic issues have s...
Review of Industrial Organization
International Journal of The Economics of Business, 2010