CartelStability

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

Usage

data("CartelStability")

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).

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

data("CartelStability")
summary(CartelStability)
#>      price        cartel       quantity                 season     ice     
#>  Min.   :0.1250   no :125   Min.   : 4810   Jan  1 - Jan 28: 28   no :188  
#>  1st Qu.:0.2000   yes:203   1st Qu.:16604   Jan 29 - Feb 25: 28   yes:140  
#>  Median :0.2500             Median :23100   Feb 26 - Mar 26: 28            
#>  Mean   :0.2465             Mean   :25384   Mar 27 - Apr 23: 28            
#>  3rd Qu.:0.3000             3rd Qu.:32389   Apr 24 - May 21: 24            
#>  Max.   :0.4000             Max.   :76407   May 22 - Jun 18: 24            
#>                                             (Other)        :168