---
title: "Empirical Evaluation of the Effectiveness of Competition Policy"
authors:
  - name: "Koski, Heli"
    url: "https://www.etla.fi/henkilot/koski-heli/"
    sameAs:
      - "https://twitter.com/heli_koski"
  - name: "Pajarinen, Mika"
    url: "https://www.etla.fi/henkilot/pajarinen-mika/"
    sameAs:
      - "https://orcid.org/0000-0001-9087-5991"
      - "https://scholar.google.com/citations?user=7sGKgwsAAAAJ"
date_published: "2013-08-01"
series: "ETLA Working Papers"
series_number: "15"
issn:
  - "2323-2420"
  - "2323-2439"
jel_codes:
  - "D43"
  - "K21"
  - "L4"
  - "L41"
language: "en"
publisher: "ETLA Economic Research"
pdf_url: "https://www.etla.fi/wp-content/uploads/ETLA-Working-Papers-15.pdf"
keywords:
  - "competition"
  - "competition policy"
  - "Boone indicator"
  - "cartels"
identifier: "https://www.etla.fi/julkaisut/id/ETLA-Working-Papers-15"
---

# Empirical Evaluation of the Effectiveness of Competition Policy

**Published:** 2013-08-01  
**Categories:** Publikationer, Working Papers  
**URL:** https://www.etla.fi/sv/publikationer/empirical-evaluation-effectiveness-competition-policy/

This study evaluates the usefulness of different modifications of empirical models estimating the so-called Boone indicator for capturing changes in the intensity of competition. We use as “natural experiments” in this evaluation data from three cartel cases: i) international elevators and escalators cartel in various European countries during the years 1995-2004, ii) Finnish raw wood cartel during the years 1997-2004, and iii) Finnish construction cartel 1994-2002. The findings support our argument that particularly when the primary interest is to evaluate the effectiveness of a certain competition policy action, the empirical model should properly take into account a possible structural break in data due to the policy action. Furthermore, our data hint that the methodological choice of prior empirical studies to use data only from one industry at a time may lead into the false conclusions when the Boone indicator is used for evaluating the effectiveness of sector-specific competition policy actions.

---

## Additional Information

**Kirjoittajat:** Koski, Heli - Pajarinen, Mika

**Kansikuva:** https://www.etla.fi/wp-content/uploads/no_015_kansi.jpg

**Lataa Pdf:** https://www.etla.fi/wp-content/uploads/ETLA-Working-Papers-15.pdf

**Key Words:** competition, competition policy, Boone indicator, cartels

**Jel:** D43, K21, L4, L41

**Paivays:** 01.08.2013

**Sivuja:** 27

15

**Kieli:** en

**Sarja:** ETLA Working Papers

**Sarja Nro:** 15

**Issn:** 2323-2420, 2323-2439

**Saatavuus:** 1



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