Cartel Dating Online Appendix

H. Peter Boswijk,Maurice J. G. Bun,Maarten Pieter Schinkel

semanticscholar（2018）

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摘要

Proof of Proposition 1. We first provide a detailed proof for R = 1 and then discuss the straightforward generalization to R > 1. Regarding the cartel dummy Dt we use the definition in (2). Following the standard asymptotic analysis of structural breaks (Perron, 1989), we assume that TB = λBT and TE = λET with the break fractions λB and λE fixed numbers for all values of T . We have for the average estimated but-for price

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