AER (version 1.2-4)

CartelStability: CartelStability

Description

Weekly observations on prices and other factors from 1880--1886, for a total of 326 weeks.

Usage

data("CartelStability")

Arguments

Format

A data frame containing 328 observations on 5 variables.
price
weekly index of price of shipping a ton of grain by rail.
cartel
factor. Is a railroad cartel operative?
quantity
total tonnage of grain shipped in the week.
season
factor indicating season of year. To match the weekly data, the calendar has been divided into 13 periods, each approximately 4 weeks long.
ice
factor. Are the Great Lakes innavigable because of ice?

Source

Online complements to Stock and Watson (2007). http://wps.aw.com/aw_stock_ie_2/0,12040,3332253-,00.html

References

Porter, R. H. (1983). A Study of Cartel Stability: The Joint Executive Committee, 1880--1886. The Bell Journal of Economics, 14, 301--314.

Stock, J.H. and Watson, M.W. (2007). Introduction to Econometrics, 2nd ed. Boston: Addison Wesley.

See Also

StockWatson2007

Examples

Run this code
data("CartelStability")
summary(CartelStability)

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