id	sid	tid	token	lemma	pos
dem-4202	1	1	microsoft	microsoft	PROPN
dem-4202	1	2	word	word	NOUN
dem-4202	1	3	00_tresc.docx	00_tresc.docx	PRON
dem-4202	1	4	dynamic	dynamic	ADJ
dem-4202	1	5	econometric	econometric	ADJ
dem-4202	1	6	models	model	NOUN
dem-4202	1	7	vol	vol	NOUN
dem-4202	1	8	.	.	PROPN
dem-4202	1	9	9	9	NUM
dem-4202	1	10	–	–	PUNCT
dem-4202	1	11	nicolaus	nicolaus	PROPN
dem-4202	1	12	copernicus	copernicus	PROPN
dem-4202	1	13	university	university	PROPN
dem-4202	1	14	–	–	PUNCT
dem-4202	1	15	toruń	toruń	NOUN
dem-4202	1	16	–	–	PUNCT
dem-4202	1	17	2009	2009	NUM
dem-4202	1	18	sylwester	sylwester	NOUN
dem-4202	1	19	bejger	bejger	PROPN
dem-4202	1	20	nicholas	nicholas	PROPN
dem-4202	1	21	copernicus	copernicus	PROPN
dem-4202	1	22	university	university	PROPN
dem-4202	1	23	in	in	ADP
dem-4202	1	24	toruń	toruń	NOUN
dem-4202	1	25	econometric	econometric	ADJ
dem-4202	1	26	tools	tool	NOUN
dem-4202	1	27	for	for	ADP
dem-4202	1	28	detection	detection	NOUN
dem-4202	1	29	of	of	ADP
dem-4202	1	30	collusion	collusion	NOUN
dem-4202	1	31	equilibrium	equilibrium	NOUN
dem-4202	1	32	in	in	ADP
dem-4202	1	33	the	the	DET
dem-4202	1	34	industry	industry	NOUN
dem-4202	1	35	a	a	DET
dem-4202	1	36	b	b	PROPN
dem-4202	1	37	s	s	ADP
dem-4202	1	38	t	t	PROPN
dem-4202	1	39	r	r	NOUN
dem-4202	1	40	a	a	DET
dem-4202	1	41	c	c	NOUN
dem-4202	1	42	t.	t.	NOUN
dem-4202	1	43	the	the	DET
dem-4202	1	44	article	article	NOUN
dem-4202	1	45	presents	present	VERB
dem-4202	1	46	the	the	DET
dem-4202	1	47	notion	notion	NOUN
dem-4202	1	48	of	of	ADP
dem-4202	1	49	detection	detection	NOUN
dem-4202	1	50	of	of	ADP
dem-4202	1	51	overt	overt	ADJ
dem-4202	1	52	or	or	CCONJ
dem-4202	1	53	tacit	tacit	ADJ
dem-4202	1	54	collusion	collusion	NOUN
dem-4202	1	55	equilibrium	equilibrium	NOUN
dem-4202	1	56	in	in	ADP
dem-4202	1	57	the	the	DET
dem-4202	1	58	context	context	NOUN
dem-4202	1	59	of	of	ADP
dem-4202	1	60	choice	choice	NOUN
dem-4202	1	61	of	of	ADP
dem-4202	1	62	the	the	DET
dem-4202	1	63	appropriate	appropriate	ADJ
dem-4202	1	64	econometric	econometric	ADJ
dem-4202	1	65	method	method	NOUN
dem-4202	1	66	,	,	PUNCT
dem-4202	1	67	which	which	PRON
dem-4202	1	68	is	be	AUX
dem-4202	1	69	determined	determine	VERB
dem-4202	1	70	by	by	ADP
dem-4202	1	71	the	the	DET
dem-4202	1	72	amount	amount	NOUN
dem-4202	1	73	of	of	ADP
dem-4202	1	74	information	information	NOUN
dem-4202	1	75	that	that	PRON
dem-4202	1	76	the	the	DET
dem-4202	1	77	observer	observer	NOUN
dem-4202	1	78	possesses	possess	VERB
dem-4202	1	79	.	.	PUNCT
dem-4202	2	1	there	there	PRON
dem-4202	2	2	has	have	AUX
dem-4202	2	3	been	be	AUX
dem-4202	2	4	shown	show	VERB
dem-4202	2	5	one	one	NUM
dem-4202	2	6	of	of	ADP
dem-4202	2	7	the	the	DET
dem-4202	2	8	collusion	collusion	NOUN
dem-4202	2	9	markers	marker	NOUN
dem-4202	2	10	coherent	coherent	ADJ
dem-4202	2	11	with	with	ADP
dem-4202	2	12	an	an	DET
dem-4202	2	13	equilibrium	equilibrium	NOUN
dem-4202	2	14	of	of	ADP
dem-4202	2	15	the	the	DET
dem-4202	2	16	proper	proper	ADJ
dem-4202	2	17	model	model	NOUN
dem-4202	2	18	of	of	ADP
dem-4202	2	19	strategic	strategic	ADJ
dem-4202	2	20	interaction	interaction	NOUN
dem-4202	2	21	–	–	PUNCT
dem-4202	2	22	the	the	DET
dem-4202	2	23	presence	presence	NOUN
dem-4202	2	24	of	of	ADP
dem-4202	2	25	structural	structural	ADJ
dem-4202	2	26	disturbances	disturbance	NOUN
dem-4202	2	27	in	in	ADP
dem-4202	2	28	the	the	DET
dem-4202	2	29	price	price	NOUN
dem-4202	2	30	process	process	NOUN
dem-4202	2	31	variance	variance	NOUN
dem-4202	2	32	for	for	ADP
dem-4202	2	33	phases	phase	NOUN
dem-4202	2	34	of	of	ADP
dem-4202	2	35	collusion	collusion	NOUN
dem-4202	2	36	and	and	CCONJ
dem-4202	2	37	competition	competition	NOUN
dem-4202	2	38	.	.	PUNCT
dem-4202	3	1	the	the	DET
dem-4202	3	2	markov	markov	NOUN
dem-4202	3	3	switching	switch	VERB
dem-4202	3	4	model	model	NOUN
dem-4202	3	5	with	with	ADP
dem-4202	3	6	switching	switching	NOUN
dem-4202	3	7	of	of	ADP
dem-4202	3	8	variance	variance	NOUN
dem-4202	3	9	regimes	regime	NOUN
dem-4202	3	10	has	have	AUX
dem-4202	3	11	been	be	AUX
dem-4202	3	12	proposed	propose	VERB
dem-4202	3	13	as	as	ADP
dem-4202	3	14	a	a	DET
dem-4202	3	15	proper	proper	ADJ
dem-4202	3	16	theoretical	theoretical	ADJ
dem-4202	3	17	method	method	NOUN
dem-4202	3	18	detecting	detect	VERB
dem-4202	3	19	that	that	DET
dem-4202	3	20	type	type	NOUN
dem-4202	3	21	of	of	ADP
dem-4202	3	22	changes	change	NOUN
dem-4202	3	23	without	without	ADP
dem-4202	3	24	prior	prior	ADJ
dem-4202	3	25	knowledge	knowledge	NOUN
dem-4202	3	26	of	of	ADP
dem-4202	3	27	switching	switch	VERB
dem-4202	3	28	moments	moment	NOUN
dem-4202	3	29	.	.	PUNCT
dem-4202	4	1	in	in	ADP
dem-4202	4	2	order	order	NOUN
dem-4202	4	3	to	to	PART
dem-4202	4	4	verify	verify	VERB
dem-4202	4	5	the	the	DET
dem-4202	4	6	effectiveness	effectiveness	NOUN
dem-4202	4	7	of	of	ADP
dem-4202	4	8	the	the	DET
dem-4202	4	9	method	method	NOUN
dem-4202	4	10	it	it	PRON
dem-4202	4	11	has	have	AUX
dem-4202	4	12	been	be	AUX
dem-4202	4	13	applied	apply	VERB
dem-4202	4	14	to	to	ADP
dem-4202	4	15	a	a	DET
dem-4202	4	16	series	series	NOUN
dem-4202	4	17	of	of	ADP
dem-4202	4	18	lysine	lysine	NOUN
dem-4202	4	19	market	market	NOUN
dem-4202	4	20	prices	price	NOUN
dem-4202	4	21	throughout	throughout	ADP
dem-4202	4	22	and	and	CCONJ
dem-4202	4	23	after	after	ADP
dem-4202	4	24	termination	termination	NOUN
dem-4202	4	25	of	of	ADP
dem-4202	4	26	its	its	PRON
dem-4202	4	27	manufacturers	manufacturer	NOUN
dem-4202	4	28	’	’	PART
dem-4202	4	29	collusion	collusion	NOUN
dem-4202	4	30	.	.	PUNCT
dem-4202	5	1	k	k	PROPN
dem-4202	5	2	e	e	PROPN
dem-4202	5	3	y	y	PROPN
dem-4202	5	4	w	w	NOUN
dem-4202	5	5	o	o	NOUN
dem-4202	5	6	r	r	NOUN
dem-4202	5	7	d	d	X
dem-4202	5	8	s	s	NOUN
dem-4202	5	9	:	:	PUNCT
dem-4202	5	10	explicit	explicit	ADJ
dem-4202	5	11	and	and	CCONJ
dem-4202	5	12	tacit	tacit	ADJ
dem-4202	5	13	collusion	collusion	NOUN
dem-4202	5	14	,	,	PUNCT
dem-4202	5	15	collusive	collusive	ADJ
dem-4202	5	16	equilibrium	equilibrium	NOUN
dem-4202	5	17	,	,	PUNCT
dem-4202	5	18	cartel	cartel	NOUN
dem-4202	5	19	detection	detection	NOUN
dem-4202	5	20	,	,	PUNCT
dem-4202	5	21	lysine	lysine	NOUN
dem-4202	5	22	,	,	PUNCT
dem-4202	5	23	price	price	NOUN
dem-4202	5	24	variance	variance	NOUN
dem-4202	5	25	,	,	PUNCT
dem-4202	5	26	markov	markov	NOUN
dem-4202	5	27	switching	switching	NOUN
dem-4202	5	28	model	model	NOUN
dem-4202	5	29	1	1	NUM
dem-4202	5	30	.	.	PUNCT
dem-4202	5	31	introduction	introduction	NOUN
dem-4202	5	32	the	the	DET
dem-4202	5	33	equilibrium	equilibrium	NOUN
dem-4202	5	34	of	of	ADP
dem-4202	5	35	players	player	NOUN
dem-4202	5	36	’	'	PUNCT
dem-4202	5	37	collusion	collusion	NOUN
dem-4202	5	38	in	in	ADP
dem-4202	5	39	the	the	DET
dem-4202	5	40	industry	industry	NOUN
dem-4202	5	41	may	may	AUX
dem-4202	5	42	occur	occur	VERB
dem-4202	5	43	as	as	ADP
dem-4202	5	44	a	a	DET
dem-4202	5	45	consequence	consequence	NOUN
dem-4202	5	46	of	of	ADP
dem-4202	5	47	players	player	NOUN
dem-4202	5	48	’	'	PUNCT
dem-4202	5	49	strategic	strategic	ADJ
dem-4202	5	50	interaction	interaction	NOUN
dem-4202	5	51	of	of	ADP
dem-4202	5	52	the	the	DET
dem-4202	5	53	overt	overt	ADJ
dem-4202	5	54	or	or	CCONJ
dem-4202	5	55	tacit	tacit	ADJ
dem-4202	5	56	collusion	collusion	NOUN
dem-4202	5	57	nature	nature	NOUN
dem-4202	5	58	.	.	PUNCT
dem-4202	6	1	although	although	SCONJ
dem-4202	6	2	these	these	DET
dem-4202	6	3	two	two	NUM
dem-4202	6	4	types	type	NOUN
dem-4202	6	5	of	of	ADP
dem-4202	6	6	interaction	interaction	NOUN
dem-4202	6	7	are	be	AUX
dem-4202	6	8	described	describe	VERB
dem-4202	6	9	by	by	ADP
dem-4202	6	10	means	mean	NOUN
dem-4202	6	11	of	of	ADP
dem-4202	6	12	different	different	ADJ
dem-4202	6	13	models	model	NOUN
dem-4202	6	14	of	of	ADP
dem-4202	6	15	game	game	NOUN
dem-4202	6	16	theory	theory	NOUN
dem-4202	6	17	with	with	ADP
dem-4202	6	18	various	various	ADJ
dem-4202	6	19	informative	informative	ADJ
dem-4202	6	20	assumptions	assumption	NOUN
dem-4202	6	21	,	,	PUNCT
dem-4202	6	22	their	their	PRON
dem-4202	6	23	equilibriums	equilibrium	NOUN
dem-4202	6	24	are	be	AUX
dem-4202	6	25	characterized	characterize	VERB
dem-4202	6	26	by	by	ADP
dem-4202	6	27	similar	similar	ADJ
dem-4202	6	28	consequences	consequence	NOUN
dem-4202	6	29	for	for	ADP
dem-4202	6	30	the	the	DET
dem-4202	6	31	industry	industry	NOUN
dem-4202	6	32	,	,	PUNCT
dem-4202	6	33	i.e.	i.e.	X
dem-4202	6	34	:	:	PUNCT
dem-4202	6	35	a	a	X
dem-4202	6	36	)	)	PUNCT
dem-4202	6	37	the	the	DET
dem-4202	6	38	occurrence	occurrence	NOUN
dem-4202	6	39	players	player	NOUN
dem-4202	6	40	’	’	PART
dem-4202	6	41	market	market	NOUN
dem-4202	6	42	power	power	NOUN
dem-4202	6	43	leading	lead	VERB
dem-4202	6	44	to	to	ADP
dem-4202	6	45	the	the	DET
dem-4202	6	46	loss	loss	NOUN
dem-4202	6	47	of	of	ADP
dem-4202	6	48	social	social	ADJ
dem-4202	6	49	wealth	wealth	NOUN
dem-4202	6	50	(	(	PUNCT
dem-4202	6	51	above	above	ADP
dem-4202	6	52	-	-	PUNCT
dem-4202	6	53	normal	normal	ADJ
dem-4202	6	54	pcm	pcm	NOUN
dem-4202	6	55	)	)	PUNCT
dem-4202	6	56	,	,	PUNCT
dem-4202	6	57	b	b	X
dem-4202	6	58	)	)	PUNCT
dem-4202	6	59	the	the	DET
dem-4202	6	60	limitation	limitation	NOUN
dem-4202	6	61	of	of	ADP
dem-4202	6	62	competition	competition	NOUN
dem-4202	6	63	and	and	CCONJ
dem-4202	6	64	the	the	DET
dem-4202	6	65	impediment	impediment	NOUN
dem-4202	6	66	of	of	ADP
dem-4202	6	67	the	the	DET
dem-4202	6	68	industry	industry	NOUN
dem-4202	6	69	development	development	NOUN
dem-4202	6	70	.	.	PUNCT
dem-4202	7	1	the	the	DET
dem-4202	7	2	article	article	NOUN
dem-4202	7	3	presents	present	VERB
dem-4202	7	4	one	one	NUM
dem-4202	7	5	of	of	ADP
dem-4202	7	6	collusion	collusion	NOUN
dem-4202	7	7	markers	marker	NOUN
dem-4202	7	8	resulting	result	VERB
dem-4202	7	9	from	from	ADP
dem-4202	7	10	the	the	DET
dem-4202	7	11	theoretical	theoretical	ADJ
dem-4202	7	12	model	model	NOUN
dem-4202	7	13	of	of	ADP
dem-4202	7	14	tacit	tacit	ADJ
dem-4202	7	15	collusion	collusion	NOUN
dem-4202	7	16	,	,	PUNCT
dem-4202	7	17	which	which	PRON
dem-4202	7	18	is	be	AUX
dem-4202	7	19	price	price	NOUN
dem-4202	7	20	rigidity	rigidity	NOUN
dem-4202	7	21	in	in	ADP
dem-4202	7	22	the	the	DET
dem-4202	7	23	collusion	collusion	NOUN
dem-4202	7	24	phase	phase	NOUN
dem-4202	7	25	,	,	PUNCT
dem-4202	7	26	and	and	CCONJ
dem-4202	7	27	proposes	propose	VERB
dem-4202	7	28	the	the	DET
dem-4202	7	29	application	application	NOUN
dem-4202	7	30	of	of	ADP
dem-4202	7	31	the	the	DET
dem-4202	7	32	markov	markov	NOUN
dem-4202	7	33	switching	switch	VERB
dem-4202	7	34	model	model	NOUN
dem-4202	7	35	of	of	ADP
dem-4202	7	36	ms	ms	PROPN
dem-4202	7	37	-	-	PUNCT
dem-4202	7	38	ar	ar	NOUN
dem-4202	7	39	-	-	PUNCT
dem-4202	7	40	garch	garch	NOUN
dem-4202	7	41	type	type	NOUN
dem-4202	7	42	in	in	ADP
dem-4202	7	43	order	order	NOUN
dem-4202	7	44	to	to	PART
dem-4202	7	45	detect	detect	VERB
dem-4202	7	46	structural	structural	ADJ
dem-4202	7	47	changes	change	NOUN
dem-4202	7	48	in	in	ADP
dem-4202	7	49	market	market	NOUN
dem-4202	7	50	price	price	NOUN
dem-4202	7	51	variance	variance	NOUN
dem-4202	7	52	,	,	PUNCT
dem-4202	7	53	and	and	CCONJ
dem-4202	7	54	thereby	thereby	ADV
dem-4202	7	55	to	to	PART
dem-4202	7	56	sylwester	sylwester	VERB
dem-4202	7	57	bejger	bejger	NOUN
dem-4202	7	58	28	28	NUM
dem-4202	7	59	verify	verify	VERB
dem-4202	7	60	the	the	DET
dem-4202	7	61	presence	presence	NOUN
dem-4202	7	62	of	of	ADP
dem-4202	7	63	the	the	DET
dem-4202	7	64	aforementioned	aforementioned	ADJ
dem-4202	7	65	marker	marker	NOUN
dem-4202	7	66	.	.	PUNCT
dem-4202	8	1	the	the	DET
dem-4202	8	2	preliminary	preliminary	ADJ
dem-4202	8	3	verification	verification	NOUN
dem-4202	8	4	of	of	ADP
dem-4202	8	5	usefulness	usefulness	NOUN
dem-4202	8	6	of	of	ADP
dem-4202	8	7	the	the	DET
dem-4202	8	8	proposed	propose	VERB
dem-4202	8	9	econometric	econometric	ADJ
dem-4202	8	10	method	method	NOUN
dem-4202	8	11	constitutes	constitute	VERB
dem-4202	8	12	a	a	DET
dem-4202	8	13	research	research	NOUN
dem-4202	8	14	problem	problem	NOUN
dem-4202	8	15	.	.	PUNCT
dem-4202	9	1	for	for	ADP
dem-4202	9	2	this	this	DET
dem-4202	9	3	purpose	purpose	NOUN
dem-4202	9	4	,	,	PUNCT
dem-4202	9	5	in	in	ADP
dem-4202	9	6	the	the	DET
dem-4202	9	7	empirical	empirical	ADJ
dem-4202	9	8	section	section	NOUN
dem-4202	9	9	there	there	PRON
dem-4202	9	10	has	have	AUX
dem-4202	9	11	been	be	AUX
dem-4202	9	12	applied	apply	VERB
dem-4202	9	13	the	the	DET
dem-4202	9	14	proposed	propose	VERB
dem-4202	9	15	model	model	NOUN
dem-4202	9	16	for	for	ADP
dem-4202	9	17	a	a	DET
dem-4202	9	18	series	series	NOUN
dem-4202	9	19	of	of	ADP
dem-4202	9	20	market	market	NOUN
dem-4202	9	21	prices	price	NOUN
dem-4202	9	22	of	of	ADP
dem-4202	9	23	cartel	cartel	NOUN
dem-4202	9	24	players	player	NOUN
dem-4202	9	25	–	–	PUNCT
dem-4202	9	26	lysine	lysine	NOUN
dem-4202	9	27	manufacturers	manufacturer	NOUN
dem-4202	9	28	.	.	PUNCT
dem-4202	10	1	2	2	X
dem-4202	10	2	.	.	X
dem-4202	10	3	collusion	collusion	NOUN
dem-4202	10	4	and	and	CCONJ
dem-4202	10	5	its	its	PRON
dem-4202	10	6	quantitative	quantitative	ADJ
dem-4202	10	7	detection	detection	NOUN
dem-4202	10	8	collusion	collusion	NOUN
dem-4202	10	9	constitutes	constitute	VERB
dem-4202	10	10	a	a	DET
dem-4202	10	11	serious	serious	ADJ
dem-4202	10	12	problem	problem	NOUN
dem-4202	10	13	in	in	ADP
dem-4202	10	14	the	the	DET
dem-4202	10	15	market	market	NOUN
dem-4202	10	16	economy	economy	NOUN
dem-4202	10	17	.	.	PUNCT
dem-4202	11	1	if	if	SCONJ
dem-4202	11	2	we	we	PRON
dem-4202	11	3	take	take	VERB
dem-4202	11	4	into	into	ADP
dem-4202	11	5	account	account	NOUN
dem-4202	11	6	only	only	ADV
dem-4202	11	7	overt	overt	ADJ
dem-4202	11	8	collusion	collusion	NOUN
dem-4202	11	9	(	(	PUNCT
dem-4202	11	10	mainly	mainly	ADV
dem-4202	11	11	in	in	ADP
dem-4202	11	12	the	the	DET
dem-4202	11	13	area	area	NOUN
dem-4202	11	14	of	of	ADP
dem-4202	11	15	english	english	PROPN
dem-4202	11	16	-	-	PUNCT
dem-4202	11	17	speaking	speak	VERB
dem-4202	11	18	reporting	reporting	NOUN
dem-4202	11	19	)	)	PUNCT
dem-4202	11	20	between	between	ADP
dem-4202	11	21	1990	1990	NUM
dem-4202	11	22	–	–	PUNCT
dem-4202	11	23	2005	2005	NUM
dem-4202	11	24	,	,	PUNCT
dem-4202	11	25	283	283	NUM
dem-4202	11	26	cartels	cartel	NOUN
dem-4202	11	27	were	be	AUX
dem-4202	11	28	confirmed	confirm	VERB
dem-4202	11	29	(	(	PUNCT
dem-4202	11	30	so	so	ADV
dem-4202	11	31	called	call	VERB
dem-4202	11	32	hard	hard	ADJ
dem-4202	11	33	core	core	NOUN
dem-4202	11	34	cartels	cartel	NOUN
dem-4202	11	35	)	)	PUNCT
dem-4202	11	36	with	with	ADP
dem-4202	11	37	national	national	ADJ
dem-4202	11	38	and	and	CCONJ
dem-4202	11	39	global	global	ADJ
dem-4202	11	40	scope	scope	NOUN
dem-4202	11	41	of	of	ADP
dem-4202	11	42	operation	operation	NOUN
dem-4202	11	43	,	,	PUNCT
dem-4202	11	44	however	however	ADV
dem-4202	11	45	,	,	PUNCT
dem-4202	11	46	it	it	PRON
dem-4202	11	47	has	have	AUX
dem-4202	11	48	been	be	AUX
dem-4202	11	49	estimated	estimate	VERB
dem-4202	11	50	that	that	SCONJ
dem-4202	11	51	as	as	ADV
dem-4202	11	52	little	little	ADJ
dem-4202	11	53	as	as	ADP
dem-4202	11	54	30	30	NUM
dem-4202	11	55	%	%	NOUN
dem-4202	11	56	of	of	ADP
dem-4202	11	57	overt	overt	ADJ
dem-4202	11	58	collusion	collusion	NOUN
dem-4202	11	59	are	be	AUX
dem-4202	11	60	detected	detect	VERB
dem-4202	11	61	and	and	CCONJ
dem-4202	11	62	punished	punish	VERB
dem-4202	11	63	.	.	PUNCT
dem-4202	12	1	there	there	PRON
dem-4202	12	2	are	be	VERB
dem-4202	12	3	no	no	DET
dem-4202	12	4	data	datum	NOUN
dem-4202	12	5	concerning	concern	VERB
dem-4202	12	6	tacit	tacit	ADJ
dem-4202	12	7	collusion	collusion	NOUN
dem-4202	12	8	.	.	PUNCT
dem-4202	13	1	the	the	DET
dem-4202	13	2	above	above	ADJ
dem-4202	13	3	mentioned	mention	VERB
dem-4202	13	4	283	283	NUM
dem-4202	13	5	cartels	cartel	NOUN
dem-4202	13	6	influenced	influence	VERB
dem-4202	13	7	sales	sale	NOUN
dem-4202	13	8	of	of	ADP
dem-4202	13	9	2.1	2.1	NUM
dem-4202	13	10	trillion	trillion	NUM
dem-4202	13	11	usd	usd	NOUN
dem-4202	13	12	,	,	PUNCT
dem-4202	13	13	caused	cause	VERB
dem-4202	13	14	unjustifiable	unjustifiable	ADJ
dem-4202	13	15	price	price	NOUN
dem-4202	13	16	overcharge	overcharge	NOUN
dem-4202	13	17	of	of	ADP
dem-4202	13	18	the	the	DET
dem-4202	13	19	value	value	NOUN
dem-4202	13	20	of	of	ADP
dem-4202	13	21	500	500	NUM
dem-4202	13	22	bn	bn	NOUN
dem-4202	13	23	usd	usd	NOUN
dem-4202	13	24	and	and	CCONJ
dem-4202	13	25	were	be	AUX
dem-4202	13	26	punished	punish	VERB
dem-4202	13	27	with	with	ADP
dem-4202	13	28	pecuniary	pecuniary	ADJ
dem-4202	13	29	penalty	penalty	NOUN
dem-4202	13	30	of	of	ADP
dem-4202	13	31	the	the	DET
dem-4202	13	32	nominal	nominal	ADJ
dem-4202	13	33	value	value	NOUN
dem-4202	13	34	amounting	amount	VERB
dem-4202	13	35	to	to	ADP
dem-4202	13	36	25.4	25.4	NUM
dem-4202	13	37	bn	bn	NOUN
dem-4202	13	38	usd	usd	NOUN
dem-4202	13	39	(	(	PUNCT
dem-4202	13	40	connor	connor	NOUN
dem-4202	13	41	,	,	PUNCT
dem-4202	13	42	helmers	helmer	NOUN
dem-4202	13	43	,	,	PUNCT
dem-4202	13	44	2006	2006	NUM
dem-4202	13	45	)	)	PUNCT
dem-4202	13	46	.	.	PUNCT
dem-4202	14	1	taking	take	VERB
dem-4202	14	2	into	into	ADP
dem-4202	14	3	account	account	NOUN
dem-4202	14	4	the	the	DET
dem-4202	14	5	fact	fact	NOUN
dem-4202	14	6	how	how	SCONJ
dem-4202	14	7	common	common	ADJ
dem-4202	14	8	and	and	CCONJ
dem-4202	14	9	harmful	harmful	ADJ
dem-4202	14	10	such	such	ADJ
dem-4202	14	11	collusion	collusion	NOUN
dem-4202	14	12	is	be	AUX
dem-4202	14	13	,	,	PUNCT
dem-4202	14	14	it	it	PRON
dem-4202	14	15	seems	seem	VERB
dem-4202	14	16	natural	natural	ADJ
dem-4202	14	17	that	that	SCONJ
dem-4202	14	18	it	it	PRON
dem-4202	14	19	should	should	AUX
dem-4202	14	20	be	be	AUX
dem-4202	14	21	quickly	quickly	ADV
dem-4202	14	22	detected	detect	VERB
dem-4202	14	23	.	.	PUNCT
dem-4202	15	1	unfortunately	unfortunately	ADV
dem-4202	15	2	,	,	PUNCT
dem-4202	15	3	although	although	SCONJ
dem-4202	15	4	theoretical	theoretical	ADJ
dem-4202	15	5	models	model	NOUN
dem-4202	15	6	of	of	ADP
dem-4202	15	7	overt	overt	ADJ
dem-4202	15	8	or	or	CCONJ
dem-4202	15	9	tacit	tacit	ADJ
dem-4202	15	10	collusion	collusion	NOUN
dem-4202	15	11	are	be	AUX
dem-4202	15	12	described	describe	VERB
dem-4202	15	13	very	very	ADV
dem-4202	15	14	well	well	ADV
dem-4202	15	15	as	as	ADP
dem-4202	15	16	research	research	NOUN
dem-4202	15	17	hypotheses	hypothesis	NOUN
dem-4202	15	18	concerning	concern	VERB
dem-4202	15	19	players	player	NOUN
dem-4202	15	20	’	'	PUNCT
dem-4202	15	21	behavior	behavior	NOUN
dem-4202	15	22	,	,	PUNCT
dem-4202	15	23	their	their	PRON
dem-4202	15	24	empirical	empirical	ADJ
dem-4202	15	25	verification	verification	NOUN
dem-4202	15	26	presents	present	VERB
dem-4202	15	27	great	great	ADJ
dem-4202	15	28	difficulties	difficulty	NOUN
dem-4202	15	29	.	.	PUNCT
dem-4202	16	1	it	it	PRON
dem-4202	16	2	happens	happen	VERB
dem-4202	16	3	mainly	mainly	ADV
dem-4202	16	4	due	due	ADP
dem-4202	16	5	to	to	ADP
dem-4202	16	6	the	the	DET
dem-4202	16	7	fact	fact	NOUN
dem-4202	16	8	that	that	SCONJ
dem-4202	16	9	the	the	DET
dem-4202	16	10	players	player	NOUN
dem-4202	16	11	participating	participate	VERB
dem-4202	16	12	in	in	ADP
dem-4202	16	13	collusion	collusion	NOUN
dem-4202	16	14	have	have	AUX
dem-4202	16	15	an	an	DET
dem-4202	16	16	advantageous	advantageous	ADJ
dem-4202	16	17	position	position	NOUN
dem-4202	16	18	over	over	ADP
dem-4202	16	19	the	the	DET
dem-4202	16	20	observer	observer	NOUN
dem-4202	16	21	in	in	ADP
dem-4202	16	22	the	the	DET
dem-4202	16	23	form	form	NOUN
dem-4202	16	24	of	of	ADP
dem-4202	16	25	private	private	ADJ
dem-4202	16	26	information	information	NOUN
dem-4202	16	27	.	.	PUNCT
dem-4202	17	1	moreover	moreover	ADV
dem-4202	17	2	,	,	PUNCT
dem-4202	17	3	the	the	DET
dem-4202	17	4	resources	resource	NOUN
dem-4202	17	5	of	of	ADP
dem-4202	17	6	public	public	ADJ
dem-4202	17	7	statistics	statistic	NOUN
dem-4202	17	8	are	be	AUX
dem-4202	17	9	frequently	frequently	ADV
dem-4202	17	10	very	very	ADV
dem-4202	17	11	humble	humble	ADJ
dem-4202	17	12	on	on	ADP
dem-4202	17	13	the	the	DET
dem-4202	17	14	disaggregation	disaggregation	NOUN
dem-4202	17	15	level	level	NOUN
dem-4202	17	16	of	of	ADP
dem-4202	17	17	the	the	DET
dem-4202	17	18	industry	industry	NOUN
dem-4202	17	19	or	or	CCONJ
dem-4202	17	20	individual	individual	ADJ
dem-4202	17	21	players	player	NOUN
dem-4202	17	22	.	.	PUNCT
dem-4202	18	1	thus	thus	ADV
dem-4202	18	2	,	,	PUNCT
dem-4202	18	3	it	it	PRON
dem-4202	18	4	is	be	AUX
dem-4202	18	5	not	not	PART
dem-4202	18	6	difficult	difficult	ADJ
dem-4202	18	7	to	to	PART
dem-4202	18	8	ascertain	ascertain	VERB
dem-4202	18	9	that	that	SCONJ
dem-4202	18	10	econometric	econometric	ADJ
dem-4202	18	11	methods	method	NOUN
dem-4202	18	12	,	,	PUNCT
dem-4202	18	13	that	that	PRON
dem-4202	18	14	are	be	AUX
dem-4202	18	15	,	,	PUNCT
dem-4202	18	16	on	on	ADP
dem-4202	18	17	the	the	DET
dem-4202	18	18	one	one	NUM
dem-4202	18	19	hand	hand	NOUN
dem-4202	18	20	,	,	PUNCT
dem-4202	18	21	economical	economical	ADJ
dem-4202	18	22	as	as	ADV
dem-4202	18	23	far	far	ADV
dem-4202	18	24	as	as	SCONJ
dem-4202	18	25	the	the	DET
dem-4202	18	26	use	use	NOUN
dem-4202	18	27	of	of	ADP
dem-4202	18	28	statistical	statistical	ADJ
dem-4202	18	29	data	datum	NOUN
dem-4202	18	30	is	be	AUX
dem-4202	18	31	concerned	concern	VERB
dem-4202	18	32	,	,	PUNCT
dem-4202	18	33	and	and	CCONJ
dem-4202	18	34	,	,	PUNCT
dem-4202	18	35	on	on	ADP
dem-4202	18	36	the	the	DET
dem-4202	18	37	other	other	ADJ
dem-4202	18	38	hand	hand	NOUN
dem-4202	18	39	,	,	PUNCT
dem-4202	18	40	coherent	coherent	ADJ
dem-4202	18	41	with	with	ADP
dem-4202	18	42	the	the	DET
dem-4202	18	43	model	model	NOUN
dem-4202	18	44	hypothesis	hypothesis	NOUN
dem-4202	18	45	,	,	PUNCT
dem-4202	18	46	are	be	AUX
dem-4202	18	47	particularly	particularly	ADV
dem-4202	18	48	valuable	valuable	ADJ
dem-4202	18	49	.	.	PUNCT
dem-4202	19	1	currently	currently	ADV
dem-4202	19	2	known	know	VERB
dem-4202	19	3	econometric	econometric	ADJ
dem-4202	19	4	methods	method	NOUN
dem-4202	19	5	of	of	ADP
dem-4202	19	6	detection	detection	NOUN
dem-4202	19	7	can	can	AUX
dem-4202	19	8	be	be	AUX
dem-4202	19	9	divided	divide	VERB
dem-4202	19	10	into	into	ADP
dem-4202	19	11	direct	direct	ADJ
dem-4202	19	12	and	and	CCONJ
dem-4202	19	13	indirect	indirect	ADJ
dem-4202	19	14	methods	method	NOUN
dem-4202	19	15	:	:	PUNCT
dem-4202	19	16	a	a	X
dem-4202	19	17	)	)	PUNCT
dem-4202	19	18	direct	direct	VERB
dem-4202	19	19	the	the	DET
dem-4202	19	20	assessment	assessment	NOUN
dem-4202	19	21	of	of	ADP
dem-4202	19	22	strategy	strategy	NOUN
dem-4202	19	23	profile	profile	NOUN
dem-4202	19	24	in	in	ADP
dem-4202	19	25	equilibrium	equilibrium	NOUN
dem-4202	19	26	that	that	PRON
dem-4202	19	27	is	be	AUX
dem-4202	19	28	consistent	consistent	ADJ
dem-4202	19	29	with	with	ADP
dem-4202	19	30	the	the	DET
dem-4202	19	31	assumed	assumed	ADJ
dem-4202	19	32	collusion	collusion	NOUN
dem-4202	19	33	model	model	NOUN
dem-4202	19	34	,	,	PUNCT
dem-4202	19	35	verification	verification	NOUN
dem-4202	19	36	of	of	ADP
dem-4202	19	37	the	the	DET
dem-4202	19	38	hypothesis	hypothesis	NOUN
dem-4202	19	39	on	on	ADP
dem-4202	19	40	conformity	conformity	NOUN
dem-4202	19	41	with	with	ADP
dem-4202	19	42	theoretical	theoretical	ADJ
dem-4202	19	43	equilibrium	equilibrium	NOUN
dem-4202	19	44	,	,	PUNCT
dem-4202	19	45	b	b	X
dem-4202	19	46	)	)	PUNCT
dem-4202	19	47	indirect	indirect	ADJ
dem-4202	19	48	measurement	measurement	NOUN
dem-4202	19	49	and/or	and/or	CCONJ
dem-4202	19	50	identification	identification	NOUN
dem-4202	19	51	of	of	ADP
dem-4202	19	52	market	market	NOUN
dem-4202	19	53	power	power	NOUN
dem-4202	19	54	or	or	CCONJ
dem-4202	19	55	detection	detection	NOUN
dem-4202	19	56	of	of	ADP
dem-4202	19	57	so	so	ADV
dem-4202	19	58	called	call	VERB
dem-4202	19	59	collusion	collusion	NOUN
dem-4202	19	60	markers	marker	NOUN
dem-4202	19	61	(	(	PUNCT
dem-4202	19	62	non	non	ADJ
dem-4202	19	63	-	-	ADJ
dem-4202	19	64	competitive	competitive	ADJ
dem-4202	19	65	behaviors	behavior	NOUN
dem-4202	19	66	)	)	PUNCT
dem-4202	19	67	,	,	PUNCT
dem-4202	19	68	i.e	i.e	X
dem-4202	19	69	,	,	PUNCT
dem-4202	19	70	certain	certain	ADJ
dem-4202	19	71	,	,	PUNCT
dem-4202	19	72	characteristic	characteristic	ADJ
dem-4202	19	73	for	for	ADP
dem-4202	19	74	collusion	collusion	NOUN
dem-4202	19	75	,	,	PUNCT
dem-4202	19	76	disorders	disorder	NOUN
dem-4202	19	77	concerning	concern	VERB
dem-4202	19	78	:	:	PUNCT
dem-4202	19	79	−	−	PROPN
dem-4202	19	80	the	the	DET
dem-4202	19	81	relation	relation	NOUN
dem-4202	19	82	between	between	ADP
dem-4202	19	83	players	player	NOUN
dem-4202	19	84	’	’	PART
dem-4202	19	85	prices	price	NOUN
dem-4202	19	86	and	and	CCONJ
dem-4202	19	87	market	market	NOUN
dem-4202	19	88	demand	demand	NOUN
dem-4202	19	89	changes	change	NOUN
dem-4202	19	90	,	,	PUNCT
dem-4202	19	91	−	−	NOUN
dem-4202	19	92	price	price	NOUN
dem-4202	19	93	and	and	CCONJ
dem-4202	19	94	market	market	NOUN
dem-4202	19	95	share	share	NOUN
dem-4202	19	96	stability	stability	NOUN
dem-4202	19	97	,	,	PUNCT
dem-4202	19	98	−	−	PROPN
dem-4202	19	99	the	the	DET
dem-4202	19	100	relation	relation	NOUN
dem-4202	19	101	between	between	ADP
dem-4202	19	102	players	player	NOUN
dem-4202	19	103	’	’	PART
dem-4202	19	104	prices	price	NOUN
dem-4202	19	105	,	,	PUNCT
dem-4202	19	106	−	−	PROPN
dem-4202	19	107	investment	investment	NOUN
dem-4202	19	108	in	in	ADP
dem-4202	19	109	production	production	NOUN
dem-4202	19	110	capacity	capacity	NOUN
dem-4202	19	111	.	.	PUNCT
dem-4202	20	1	econometric	econometric	ADJ
dem-4202	20	2	tools	tool	NOUN
dem-4202	20	3	for	for	ADP
dem-4202	20	4	detection	detection	NOUN
dem-4202	20	5	of	of	ADP
dem-4202	20	6	collusion	collusion	NOUN
dem-4202	20	7	equilibrium	equilibrium	NOUN
dem-4202	20	8	in	in	ADP
dem-4202	20	9	the	the	DET
dem-4202	20	10	industry	industry	NOUN
dem-4202	20	11	29	29	NUM
dem-4202	20	12	when	when	SCONJ
dem-4202	20	13	it	it	PRON
dem-4202	20	14	comes	come	VERB
dem-4202	20	15	to	to	ADP
dem-4202	20	16	statistical	statistical	ADJ
dem-4202	20	17	data	datum	NOUN
dem-4202	20	18	,	,	PUNCT
dem-4202	20	19	group	group	NOUN
dem-4202	20	20	a	a	NOUN
dem-4202	20	21	)	)	PUNCT
dem-4202	20	22	methods	method	NOUN
dem-4202	20	23	are	be	AUX
dem-4202	20	24	very	very	ADV
dem-4202	20	25	demanding	demanding	ADJ
dem-4202	20	26	,	,	PUNCT
dem-4202	20	27	their	their	PRON
dem-4202	20	28	applications	application	NOUN
dem-4202	20	29	are	be	AUX
dem-4202	20	30	very	very	ADV
dem-4202	20	31	rare	rare	ADJ
dem-4202	20	32	and	and	CCONJ
dem-4202	20	33	they	they	PRON
dem-4202	20	34	are	be	AUX
dem-4202	20	35	possible	possible	ADJ
dem-4202	20	36	only	only	ADV
dem-4202	20	37	in	in	ADP
dem-4202	20	38	specific	specific	ADJ
dem-4202	20	39	circumstances1	circumstances1	NOUN
dem-4202	20	40	.	.	PUNCT
dem-4202	21	1	group	group	PROPN
dem-4202	21	2	b	b	X
dem-4202	21	3	)	)	PUNCT
dem-4202	21	4	methods	method	NOUN
dem-4202	21	5	are	be	AUX
dem-4202	21	6	much	much	ADV
dem-4202	21	7	more	more	ADV
dem-4202	21	8	common	common	ADJ
dem-4202	21	9	.	.	PUNCT
dem-4202	22	1	the	the	DET
dem-4202	22	2	following	following	ADJ
dem-4202	22	3	basic	basic	ADJ
dem-4202	22	4	methods	method	NOUN
dem-4202	22	5	are	be	AUX
dem-4202	22	6	enumerated	enumerate	VERB
dem-4202	22	7	in	in	ADP
dem-4202	22	8	the	the	DET
dem-4202	22	9	order	order	NOUN
dem-4202	22	10	of	of	ADP
dem-4202	22	11	intensity	intensity	NOUN
dem-4202	22	12	of	of	ADP
dem-4202	22	13	the	the	DET
dem-4202	22	14	use	use	NOUN
dem-4202	22	15	of	of	ADP
dem-4202	22	16	statistical	statistical	ADJ
dem-4202	22	17	data	datum	NOUN
dem-4202	22	18	:	:	PUNCT
dem-4202	22	19	−	−	PROPN
dem-4202	22	20	the	the	DET
dem-4202	22	21	study	study	NOUN
dem-4202	22	22	of	of	ADP
dem-4202	22	23	structural	structural	ADJ
dem-4202	22	24	changes	change	NOUN
dem-4202	22	25	in	in	ADP
dem-4202	22	26	price	price	NOUN
dem-4202	22	27	volatility	volatility	NOUN
dem-4202	22	28	,	,	PUNCT
dem-4202	22	29	−	−	DET
dem-4202	22	30	non	non	ADJ
dem-4202	22	31	-	-	ADJ
dem-4202	22	32	parametric	parametric	ADJ
dem-4202	22	33	method	method	NOUN
dem-4202	22	34	based	base	VERB
dem-4202	22	35	on	on	ADP
dem-4202	22	36	revealed	reveal	VERB
dem-4202	22	37	preferences	preference	NOUN
dem-4202	22	38	,	,	PUNCT
dem-4202	22	39	−	−	PROPN
dem-4202	22	40	the	the	DET
dem-4202	22	41	osborne	osborne	PROPN
dem-4202	22	42	–	–	PUNCT
dem-4202	22	43	pitchik	pitchik	ADJ
dem-4202	22	44	test	test	NOUN
dem-4202	22	45	,	,	PUNCT
dem-4202	22	46	−	−	PROPN
dem-4202	22	47	the	the	DET
dem-4202	22	48	study	study	NOUN
dem-4202	22	49	of	of	ADP
dem-4202	22	50	asymmetry	asymmetry	NOUN
dem-4202	22	51	of	of	ADP
dem-4202	22	52	price	price	NOUN
dem-4202	22	53	reactions	reaction	NOUN
dem-4202	22	54	,	,	PUNCT
dem-4202	22	55	−	−	PROPN
dem-4202	22	56	hall	hall	PROPN
dem-4202	22	57	’s	’s	PART
dem-4202	22	58	method	method	NOUN
dem-4202	22	59	,	,	PUNCT
dem-4202	22	60	−	−	PROPN
dem-4202	22	61	the	the	DET
dem-4202	22	62	assessment	assessment	NOUN
dem-4202	22	63	of	of	ADP
dem-4202	22	64	residual	residual	ADJ
dem-4202	22	65	demand	demand	NOUN
dem-4202	22	66	elasticity	elasticity	NOUN
dem-4202	22	67	,	,	PUNCT
dem-4202	22	68	−	−	PROPN
dem-4202	22	69	the	the	DET
dem-4202	22	70	panzar	panzar	NOUN
dem-4202	22	71	–	–	PUNCT
dem-4202	22	72	rosse	rosse	NOUN
dem-4202	22	73	method	method	NOUN
dem-4202	22	74	,	,	PUNCT
dem-4202	22	75	−	−	PROPN
dem-4202	22	76	cpm	cpm	PROPN
dem-4202	22	77	method	method	NOUN
dem-4202	22	78	.	.	PUNCT
dem-4202	23	1	3	3	X
dem-4202	23	2	.	.	X
dem-4202	23	3	price	price	NOUN
dem-4202	23	4	disorders	disorder	NOUN
dem-4202	23	5	characteristic	characteristic	ADJ
dem-4202	23	6	for	for	ADP
dem-4202	23	7	collusion	collusion	NOUN
dem-4202	23	8	one	one	NUM
dem-4202	23	9	of	of	ADP
dem-4202	23	10	the	the	DET
dem-4202	23	11	most	most	ADV
dem-4202	23	12	promising	promising	ADJ
dem-4202	23	13	collusion	collusion	NOUN
dem-4202	23	14	markers	marker	NOUN
dem-4202	23	15	are	be	AUX
dem-4202	23	16	markers	marker	NOUN
dem-4202	23	17	that	that	PRON
dem-4202	23	18	are	be	AUX
dem-4202	23	19	based	base	VERB
dem-4202	23	20	on	on	ADP
dem-4202	23	21	the	the	DET
dem-4202	23	22	analysis	analysis	NOUN
dem-4202	23	23	of	of	ADP
dem-4202	23	24	changes	change	NOUN
dem-4202	23	25	in	in	ADP
dem-4202	23	26	price	price	NOUN
dem-4202	23	27	processes	process	NOUN
dem-4202	23	28	and/or	and/or	CCONJ
dem-4202	23	29	market	market	NOUN
dem-4202	23	30	shares	share	NOUN
dem-4202	23	31	.	.	PUNCT
dem-4202	24	1	in	in	ADP
dem-4202	24	2	accordance	accordance	NOUN
dem-4202	24	3	with	with	ADP
dem-4202	24	4	known	know	VERB
dem-4202	24	5	tacit	tacit	ADJ
dem-4202	24	6	collusion	collusion	NOUN
dem-4202	24	7	models	model	NOUN
dem-4202	24	8	:	:	PUNCT
dem-4202	24	9	1	1	X
dem-4202	24	10	.	.	PUNCT
dem-4202	24	11	the	the	DET
dem-4202	24	12	player	player	NOUN
dem-4202	24	13	’s	’s	PART
dem-4202	24	14	(	(	PUNCT
dem-4202	24	15	players	player	NOUN
dem-4202	24	16	’	'	PUNCT
dem-4202	24	17	)	)	PUNCT
dem-4202	24	18	price	price	NOUN
dem-4202	24	19	and	and	CCONJ
dem-4202	24	20	supply	supply	NOUN
dem-4202	24	21	are	be	AUX
dem-4202	24	22	negatively	negatively	ADV
dem-4202	24	23	correlated	correlate	VERB
dem-4202	24	24	,	,	PUNCT
dem-4202	24	25	the	the	DET
dem-4202	24	26	price	price	NOUN
dem-4202	24	27	is	be	AUX
dem-4202	24	28	ahead	ahead	ADV
dem-4202	24	29	of	of	ADP
dem-4202	24	30	the	the	DET
dem-4202	24	31	demand	demand	NOUN
dem-4202	24	32	cycle	cycle	NOUN
dem-4202	24	33	,	,	PUNCT
dem-4202	24	34	the	the	DET
dem-4202	24	35	stochastic	stochastic	ADJ
dem-4202	24	36	process	process	NOUN
dem-4202	24	37	of	of	ADP
dem-4202	24	38	market	market	NOUN
dem-4202	24	39	price	price	NOUN
dem-4202	24	40	undergoes	undergoe	NOUN
dem-4202	24	41	changes	change	NOUN
dem-4202	24	42	of	of	ADP
dem-4202	24	43	the	the	DET
dem-4202	24	44	regime	regime	NOUN
dem-4202	24	45	type	type	NOUN
dem-4202	24	46	(	(	PUNCT
dem-4202	24	47	green	green	ADJ
dem-4202	24	48	,	,	PUNCT
dem-4202	24	49	porter	porter	NOUN
dem-4202	24	50	,	,	PUNCT
dem-4202	24	51	1984	1984	NUM
dem-4202	24	52	;	;	PUNCT
dem-4202	24	53	rotemberg	rotemberg	NOUN
dem-4202	24	54	,	,	PUNCT
dem-4202	24	55	saloner	saloner	NOUN
dem-4202	24	56	,	,	PUNCT
dem-4202	24	57	1986	1986	NUM
dem-4202	24	58	;	;	PUNCT
dem-4202	24	59	haltiwanger	haltiwanger	NOUN
dem-4202	24	60	,	,	PUNCT
dem-4202	24	61	harrington	harrington	NOUN
dem-4202	24	62	,	,	PUNCT
dem-4202	24	63	1991	1991	NUM
dem-4202	24	64	)	)	PUNCT
dem-4202	24	65	,	,	PUNCT
dem-4202	24	66	2	2	X
dem-4202	24	67	.	.	X
dem-4202	25	1	the	the	DET
dem-4202	25	2	price	price	NOUN
dem-4202	25	3	process	process	NOUN
dem-4202	25	4	variance	variance	NOUN
dem-4202	25	5	is	be	AUX
dem-4202	25	6	on	on	ADP
dem-4202	25	7	average	average	ADJ
dem-4202	25	8	lower	low	ADJ
dem-4202	25	9	for	for	ADP
dem-4202	25	10	collusion	collusion	NOUN
dem-4202	25	11	phases	phase	NOUN
dem-4202	25	12	and	and	CCONJ
dem-4202	25	13	may	may	AUX
dem-4202	25	14	undergo	undergo	VERB
dem-4202	25	15	changes	change	NOUN
dem-4202	25	16	of	of	ADP
dem-4202	25	17	the	the	DET
dem-4202	25	18	regime	regime	NOUN
dem-4202	25	19	type	type	NOUN
dem-4202	25	20	(	(	PUNCT
dem-4202	25	21	athey	athey	PROPN
dem-4202	25	22	,	,	PUNCT
dem-4202	25	23	bagwell	bagwell	PROPN
dem-4202	25	24	,	,	PUNCT
dem-4202	25	25	sanchirico	sanchirico	PROPN
dem-4202	25	26	,	,	PUNCT
dem-4202	25	27	2004	2004	NUM
dem-4202	25	28	;	;	PUNCT
dem-4202	25	29	connor	connor	NOUN
dem-4202	25	30	,	,	PUNCT
dem-4202	25	31	2004	2004	NUM
dem-4202	25	32	;	;	PUNCT
dem-4202	25	33	abrantes	abrante	NOUN
dem-4202	25	34	-	-	PUNCT
dem-4202	25	35	metz	metz	PROPN
dem-4202	25	36	,	,	PUNCT
dem-4202	25	37	froeb	froeb	PROPN
dem-4202	25	38	,	,	PUNCT
dem-4202	25	39	geweke	geweke	NOUN
dem-4202	25	40	,	,	PUNCT
dem-4202	25	41	taylor	taylor	PROPN
dem-4202	25	42	,	,	PUNCT
dem-4202	25	43	2006	2006	NUM
dem-4202	25	44	;	;	PUNCT
dem-4202	25	45	bolotova	bolotova	X
dem-4202	25	46	,	,	PUNCT
dem-4202	25	47	connor	connor	NOUN
dem-4202	25	48	,	,	PUNCT
dem-4202	25	49	miller	miller	PROPN
dem-4202	25	50	,	,	PUNCT
dem-4202	25	51	2008	2008	NUM
dem-4202	25	52	)	)	PUNCT
dem-4202	25	53	,	,	PUNCT
dem-4202	25	54	the	the	DET
dem-4202	25	55	application	application	NOUN
dem-4202	25	56	marker	marker	NOUN
dem-4202	25	57	2	2	NUM
dem-4202	25	58	is	be	AUX
dem-4202	25	59	particularly	particularly	ADV
dem-4202	25	60	promising	promise	VERB
dem-4202	25	61	in	in	ADP
dem-4202	25	62	practice	practice	NOUN
dem-4202	25	63	.	.	PUNCT
dem-4202	26	1	it	it	PRON
dem-4202	26	2	is	be	AUX
dem-4202	26	3	justified	justify	VERB
dem-4202	26	4	by	by	ADP
dem-4202	26	5	the	the	DET
dem-4202	26	6	fact	fact	NOUN
dem-4202	26	7	that	that	SCONJ
dem-4202	26	8	the	the	DET
dem-4202	26	9	requirements	requirement	NOUN
dem-4202	26	10	for	for	ADP
dem-4202	26	11	this	this	DET
dem-4202	26	12	marker	marker	NOUN
dem-4202	26	13	concerning	concern	VERB
dem-4202	26	14	data	datum	NOUN
dem-4202	26	15	are	be	AUX
dem-4202	26	16	very	very	ADV
dem-4202	26	17	little	little	ADJ
dem-4202	26	18	(	(	PUNCT
dem-4202	26	19	market	market	NOUN
dem-4202	26	20	price	price	NOUN
dem-4202	26	21	is	be	AUX
dem-4202	26	22	sufficient	sufficient	ADJ
dem-4202	26	23	)	)	PUNCT
dem-4202	26	24	and	and	CCONJ
dem-4202	26	25	it	it	PRON
dem-4202	26	26	has	have	VERB
dem-4202	26	27	clear	clear	ADJ
dem-4202	26	28	theoretical	theoretical	ADJ
dem-4202	26	29	justification	justification	NOUN
dem-4202	26	30	.	.	PUNCT
dem-4202	27	1	lower	low	ADJ
dem-4202	27	2	price	price	NOUN
dem-4202	27	3	volatility	volatility	NOUN
dem-4202	27	4	in	in	ADP
dem-4202	27	5	the	the	DET
dem-4202	27	6	collusion	collusion	NOUN
dem-4202	27	7	phase	phase	NOUN
dem-4202	27	8	results	result	VERB
dem-4202	27	9	directly	directly	ADV
dem-4202	27	10	from	from	ADP
dem-4202	27	11	the	the	DET
dem-4202	27	12	equilibrium	equilibrium	NOUN
dem-4202	27	13	properties	property	NOUN
dem-4202	27	14	of	of	ADP
dem-4202	27	15	sppe	sppe	NOUN
dem-4202	27	16	type	type	NOUN
dem-4202	27	17	(	(	PUNCT
dem-4202	27	18	symmetric	symmetric	ADJ
dem-4202	27	19	perfect	perfect	ADJ
dem-4202	27	20	public	public	ADJ
dem-4202	27	21	equilibrium	equilibrium	NOUN
dem-4202	27	22	)	)	PUNCT
dem-4202	27	23	of	of	ADP
dem-4202	27	24	the	the	DET
dem-4202	27	25	price	price	NOUN
dem-4202	27	26	super	super	NOUN
dem-4202	27	27	-	-	NOUN
dem-4202	27	28	game	game	NOUN
dem-4202	27	29	with	with	ADP
dem-4202	27	30	standard	standard	ADJ
dem-4202	27	31	assumption	assumption	NOUN
dem-4202	27	32	concerning	concern	VERB
dem-4202	27	33	sufficiently	sufficiently	ADV
dem-4202	27	34	high	high	ADJ
dem-4202	27	35	discount	discount	NOUN
dem-4202	27	36	rate	rate	NOUN
dem-4202	27	37	.	.	PUNCT
dem-4202	28	1	for	for	ADP
dem-4202	28	2	the	the	DET
dem-4202	28	3	strategy	strategy	NOUN
dem-4202	28	4	profile	profile	NOUN
dem-4202	28	5	in	in	ADP
dem-4202	28	6	the	the	DET
dem-4202	28	7	equilibrium	equilibrium	NOUN
dem-4202	28	8	of	of	ADP
dem-4202	28	9	this	this	DET
dem-4202	28	10	game	game	NOUN
dem-4202	28	11	,	,	PUNCT
dem-4202	28	12	players	player	NOUN
dem-4202	28	13	:	:	PUNCT
dem-4202	28	14	−	−	PROPN
dem-4202	28	15	achieve	achieve	VERB
dem-4202	28	16	higher	high	ADJ
dem-4202	28	17	payments	payment	NOUN
dem-4202	28	18	than	than	ADP
dem-4202	28	19	in	in	ADP
dem-4202	28	20	competitive	competitive	ADJ
dem-4202	28	21	equilibrium	equilibrium	NOUN
dem-4202	28	22	(	(	PUNCT
dem-4202	28	23	cartel	cartel	NOUN
dem-4202	28	24	payments	payment	NOUN
dem-4202	28	25	)	)	PUNCT
dem-4202	28	26	,	,	PUNCT
dem-4202	28	27	−	−	PROPN
dem-4202	28	28	in	in	ADP
dem-4202	28	29	the	the	DET
dem-4202	28	30	collusion	collusion	NOUN
dem-4202	28	31	phase	phase	NOUN
dem-4202	28	32	,	,	PUNCT
dem-4202	28	33	players	player	NOUN
dem-4202	28	34	’	'	PUNCT
dem-4202	28	35	prices	price	NOUN
dem-4202	28	36	are	be	AUX
dem-4202	28	37	insensitive	insensitive	ADJ
dem-4202	28	38	to	to	ADP
dem-4202	28	39	costs	cost	NOUN
dem-4202	28	40	shocks	shock	NOUN
dem-4202	28	41	(	(	PUNCT
dem-4202	28	42	players	player	NOUN
dem-4202	28	43	avoid	avoid	VERB
dem-4202	28	44	price	price	NOUN
dem-4202	28	45	changes	change	NOUN
dem-4202	28	46	,	,	PUNCT
dem-4202	28	47	even	even	ADV
dem-4202	28	48	at	at	ADP
dem-4202	28	49	the	the	DET
dem-4202	28	50	cost	cost	NOUN
dem-4202	28	51	of	of	ADP
dem-4202	28	52	effectiveness	effectiveness	NOUN
dem-4202	28	53	,	,	PUNCT
dem-4202	28	54	not	not	PART
dem-4202	28	55	to	to	PART
dem-4202	28	56	cause	cause	VERB
dem-4202	28	57	switching	switch	VERB
dem-4202	28	58	to	to	ADP
dem-4202	28	59	penalty	penalty	NOUN
dem-4202	28	60	phase	phase	NOUN
dem-4202	28	61	)	)	PUNCT
dem-4202	28	62	.	.	PUNCT
dem-4202	29	1	1	1	NUM
dem-4202	29	2	for	for	ADP
dem-4202	29	3	example	example	NOUN
dem-4202	29	4	,	,	PUNCT
dem-4202	29	5	see	see	VERB
dem-4202	29	6	slade	slade	PROPN
dem-4202	29	7	(	(	PUNCT
dem-4202	29	8	1992	1992	NUM
dem-4202	29	9	)	)	PUNCT
dem-4202	29	10	.	.	PUNCT
dem-4202	30	1	sylwester	sylwester	NOUN
dem-4202	30	2	bejger	bejger	NOUN
dem-4202	30	3	30	30	NUM
dem-4202	30	4	it	it	PRON
dem-4202	30	5	should	should	AUX
dem-4202	30	6	be	be	AUX
dem-4202	30	7	noted	note	VERB
dem-4202	30	8	that	that	SCONJ
dem-4202	30	9	the	the	DET
dem-4202	30	10	necessity	necessity	NOUN
dem-4202	30	11	of	of	ADP
dem-4202	30	12	using	use	VERB
dem-4202	30	13	a	a	DET
dem-4202	30	14	number	number	NOUN
dem-4202	30	15	of	of	ADP
dem-4202	30	16	observations	observation	NOUN
dem-4202	30	17	including	include	VERB
dem-4202	30	18	both	both	CCONJ
dem-4202	30	19	competition	competition	NOUN
dem-4202	30	20	and	and	CCONJ
dem-4202	30	21	collusion	collusion	NOUN
dem-4202	30	22	phases	phase	NOUN
dem-4202	30	23	and	and	CCONJ
dem-4202	30	24	high	high	ADJ
dem-4202	30	25	product	product	NOUN
dem-4202	30	26	homogeneity	homogeneity	NOUN
dem-4202	30	27	of	of	ADP
dem-4202	30	28	the	the	DET
dem-4202	30	29	analyzed	analyze	VERB
dem-4202	30	30	trade	trade	NOUN
dem-4202	30	31	is	be	AUX
dem-4202	30	32	one	one	NUM
dem-4202	30	33	of	of	ADP
dem-4202	30	34	the	the	DET
dem-4202	30	35	marker	marker	NOUN
dem-4202	30	36	’s	’s	PART
dem-4202	30	37	drawbacks	drawback	NOUN
dem-4202	30	38	.	.	PUNCT
dem-4202	31	1	4	4	X
dem-4202	31	2	.	.	NUM
dem-4202	31	3	econometric	econometric	ADJ
dem-4202	31	4	method	method	NOUN
dem-4202	31	5	verifying	verifying	NOUN
dem-4202	31	6	marker	marker	NOUN
dem-4202	31	7	’s	’s	PART
dem-4202	31	8	presence	presence	NOUN
dem-4202	31	9	the	the	DET
dem-4202	31	10	works	work	NOUN
dem-4202	31	11	conducted	conduct	VERB
dem-4202	31	12	so	so	ADV
dem-4202	31	13	far	far	ADV
dem-4202	31	14	that	that	PRON
dem-4202	31	15	are	be	AUX
dem-4202	31	16	connected	connect	VERB
dem-4202	31	17	with	with	ADP
dem-4202	31	18	collusion	collusion	NOUN
dem-4202	31	19	detection	detection	NOUN
dem-4202	31	20	on	on	ADP
dem-4202	31	21	the	the	DET
dem-4202	31	22	basis	basis	NOUN
dem-4202	31	23	of	of	ADP
dem-4202	31	24	the	the	DET
dem-4202	31	25	detection	detection	NOUN
dem-4202	31	26	of	of	ADP
dem-4202	31	27	structural	structural	ADJ
dem-4202	31	28	changes	change	NOUN
dem-4202	31	29	in	in	ADP
dem-4202	31	30	variance	variance	NOUN
dem-4202	31	31	included	include	VERB
dem-4202	31	32	the	the	DET
dem-4202	31	33	application	application	NOUN
dem-4202	31	34	of	of	ADP
dem-4202	31	35	the	the	DET
dem-4202	31	36	descriptive	descriptive	ADJ
dem-4202	31	37	statistics	statistic	NOUN
dem-4202	31	38	methods	method	NOUN
dem-4202	31	39	for	for	ADP
dem-4202	31	40	the	the	DET
dem-4202	31	41	comparison	comparison	NOUN
dem-4202	31	42	of	of	ADP
dem-4202	31	43	variance	variance	NOUN
dem-4202	31	44	level	level	NOUN
dem-4202	31	45	in	in	ADP
dem-4202	31	46	collusion	collusion	NOUN
dem-4202	31	47	and	and	CCONJ
dem-4202	31	48	competition	competition	NOUN
dem-4202	31	49	phases	phase	NOUN
dem-4202	31	50	(	(	PUNCT
dem-4202	31	51	abrantes	abrante	NOUN
dem-4202	31	52	-	-	PUNCT
dem-4202	31	53	metz	metz	ADJ
dem-4202	31	54	,	,	PUNCT
dem-4202	31	55	froeb	froeb	PROPN
dem-4202	31	56	,	,	PUNCT
dem-4202	31	57	geweke	geweke	NOUN
dem-4202	31	58	,	,	PUNCT
dem-4202	31	59	taylor	taylor	PROPN
dem-4202	31	60	,	,	PUNCT
dem-4202	31	61	2006	2006	NUM
dem-4202	31	62	)	)	PUNCT
dem-4202	31	63	and	and	CCONJ
dem-4202	31	64	the	the	DET
dem-4202	31	65	application	application	NOUN
dem-4202	31	66	of	of	ADP
dem-4202	31	67	arch	arch	ADJ
dem-4202	31	68	/	/	SYM
dem-4202	31	69	garch	garch	NOUN
dem-4202	31	70	specification	specification	NOUN
dem-4202	31	71	for	for	ADP
dem-4202	31	72	the	the	DET
dem-4202	31	73	market	market	NOUN
dem-4202	31	74	price	price	NOUN
dem-4202	31	75	process	process	NOUN
dem-4202	31	76	together	together	ADV
dem-4202	31	77	with	with	ADP
dem-4202	31	78	additional	additional	ADJ
dem-4202	31	79	0	0	NUM
dem-4202	31	80	-	-	SYM
dem-4202	31	81	1	1	NUM
dem-4202	31	82	variable	variable	NOUN
dem-4202	31	83	describing	describe	VERB
dem-4202	31	84	collusion	collusion	NOUN
dem-4202	31	85	and	and	CCONJ
dem-4202	31	86	competition	competition	NOUN
dem-4202	31	87	phases	phase	NOUN
dem-4202	31	88	(	(	PUNCT
dem-4202	31	89	bolotova	bolotova	X
dem-4202	31	90	,	,	PUNCT
dem-4202	31	91	connor	connor	NOUN
dem-4202	31	92	,	,	PUNCT
dem-4202	31	93	miller	miller	PROPN
dem-4202	31	94	,	,	PUNCT
dem-4202	31	95	2008	2008	NUM
dem-4202	31	96	,	,	PUNCT
dem-4202	31	97	further	further	ADJ
dem-4202	31	98	bcm	bcm	NOUN
dem-4202	31	99	)	)	PUNCT
dem-4202	31	100	.	.	PUNCT
dem-4202	32	1	this	this	DET
dem-4202	32	2	paper	paper	NOUN
dem-4202	32	3	suggests	suggest	VERB
dem-4202	32	4	using	use	VERB
dem-4202	32	5	the	the	DET
dem-4202	32	6	markov	markov	NOUN
dem-4202	32	7	switching	switch	VERB
dem-4202	32	8	model	model	NOUN
dem-4202	32	9	of	of	ADP
dem-4202	32	10	ms(m)(ar(p))garch(p	ms(m)(ar(p))garch(p	PROPN
dem-4202	32	11	,	,	PUNCT
dem-4202	32	12	q	q	ADJ
dem-4202	32	13	)	)	PUNCT
dem-4202	32	14	type	type	NOUN
dem-4202	32	15	as	as	ADP
dem-4202	32	16	an	an	DET
dem-4202	32	17	econometric	econometric	ADJ
dem-4202	32	18	method	method	NOUN
dem-4202	32	19	verifying	verify	VERB
dem-4202	32	20	the	the	DET
dem-4202	32	21	marker	marker	NOUN
dem-4202	32	22	for	for	ADP
dem-4202	32	23	the	the	DET
dem-4202	32	24	variance	variance	NOUN
dem-4202	32	25	and/or	and/or	CCONJ
dem-4202	32	26	the	the	DET
dem-4202	32	27	average	average	ADJ
dem-4202	32	28	(	(	PUNCT
dem-4202	32	29	constant	constant	ADJ
dem-4202	32	30	)	)	PUNCT
dem-4202	32	31	of	of	ADP
dem-4202	32	32	the	the	DET
dem-4202	32	33	price	price	NOUN
dem-4202	32	34	process	process	NOUN
dem-4202	32	35	2	2	NUM
dem-4202	32	36	.	.	PUNCT
dem-4202	33	1	the	the	DET
dem-4202	33	2	application	application	NOUN
dem-4202	33	3	of	of	ADP
dem-4202	33	4	this	this	DET
dem-4202	33	5	model	model	NOUN
dem-4202	33	6	has	have	VERB
dem-4202	33	7	the	the	DET
dem-4202	33	8	following	following	ADJ
dem-4202	33	9	advantages	advantage	NOUN
dem-4202	33	10	:	:	PUNCT
dem-4202	33	11	−	−	PUNCT
dem-4202	33	12	it	it	PRON
dem-4202	33	13	is	be	AUX
dem-4202	33	14	theoretically	theoretically	ADV
dem-4202	33	15	coherent	coherent	ADJ
dem-4202	33	16	with	with	ADP
dem-4202	33	17	the	the	DET
dem-4202	33	18	structure	structure	NOUN
dem-4202	33	19	of	of	ADP
dem-4202	33	20	equilibrium	equilibrium	NOUN
dem-4202	33	21	strategy	strategy	NOUN
dem-4202	33	22	of	of	ADP
dem-4202	33	23	the	the	DET
dem-4202	33	24	super	super	ADJ
dem-4202	33	25	-	-	ADJ
dem-4202	33	26	game	game	ADJ
dem-4202	33	27	model	model	NOUN
dem-4202	33	28	,	,	PUNCT
dem-4202	33	29	−	−	PUNCT
dem-4202	33	30	it	it	PRON
dem-4202	33	31	allows	allow	VERB
dem-4202	33	32	to	to	PART
dem-4202	33	33	model	model	VERB
dem-4202	33	34	structural	structural	ADJ
dem-4202	33	35	changes	change	NOUN
dem-4202	33	36	of	of	ADP
dem-4202	33	37	process	process	NOUN
dem-4202	33	38	variance	variance	NOUN
dem-4202	33	39	directly	directly	ADV
dem-4202	33	40	,	,	PUNCT
dem-4202	33	41	without	without	ADP
dem-4202	33	42	the	the	DET
dem-4202	33	43	use	use	NOUN
dem-4202	33	44	of	of	ADP
dem-4202	33	45	additional	additional	ADJ
dem-4202	33	46	artificial	artificial	ADJ
dem-4202	33	47	variables	variable	NOUN
dem-4202	33	48	;	;	PUNCT
dem-4202	33	49	such	such	ADJ
dem-4202	33	50	modeling	modeling	NOUN
dem-4202	33	51	is	be	AUX
dem-4202	33	52	not	not	PART
dem-4202	33	53	possible	possible	ADJ
dem-4202	33	54	in	in	ADP
dem-4202	33	55	,	,	PUNCT
dem-4202	33	56	e.g.	e.g.	ADV
dem-4202	33	57	arch	arch	ADJ
dem-4202	33	58	/	/	SYM
dem-4202	33	59	garch	garch	NOUN
dem-4202	33	60	specification	specification	NOUN
dem-4202	33	61	,	,	PUNCT
dem-4202	33	62	−	−	PUNCT
dem-4202	33	63	it	it	PRON
dem-4202	33	64	is	be	AUX
dem-4202	33	65	coherent	coherent	ADJ
dem-4202	33	66	with	with	ADP
dem-4202	33	67	informative	informative	ADJ
dem-4202	33	68	asymmetry	asymmetry	NOUN
dem-4202	33	69	between	between	ADP
dem-4202	33	70	cartel	cartel	NOUN
dem-4202	33	71	members	member	NOUN
dem-4202	33	72	and	and	CCONJ
dem-4202	33	73	the	the	DET
dem-4202	33	74	observer	observer	NOUN
dem-4202	33	75	.	.	PUNCT
dem-4202	34	1	ms(ar)garch	ms(ar)garch	NOUN
dem-4202	34	2	specification	specification	NOUN
dem-4202	34	3	does	do	AUX
dem-4202	34	4	not	not	PART
dem-4202	34	5	require	require	VERB
dem-4202	34	6	observation	observation	NOUN
dem-4202	34	7	(	(	PUNCT
dem-4202	34	8	knowledge	knowledge	NOUN
dem-4202	34	9	)	)	PUNCT
dem-4202	34	10	of	of	ADP
dem-4202	34	11	the	the	DET
dem-4202	34	12	state	state	NOUN
dem-4202	34	13	variable	variable	NOUN
dem-4202	34	14	,	,	PUNCT
dem-4202	34	15	thus	thus	ADV
dem-4202	34	16	it	it	PRON
dem-4202	34	17	may	may	AUX
dem-4202	34	18	be	be	AUX
dem-4202	34	19	used	use	VERB
dem-4202	34	20	for	for	ADP
dem-4202	34	21	actual	actual	ADJ
dem-4202	34	22	detection	detection	NOUN
dem-4202	34	23	of	of	ADP
dem-4202	34	24	variance	variance	NOUN
dem-4202	34	25	regimes	regime	NOUN
dem-4202	34	26	and	and	CCONJ
dem-4202	34	27	objective	objective	ADJ
dem-4202	34	28	determination	determination	NOUN
dem-4202	34	29	of	of	ADP
dem-4202	34	30	switching	switch	VERB
dem-4202	34	31	moments	moment	NOUN
dem-4202	34	32	,	,	PUNCT
dem-4202	34	33	that	that	PRON
dem-4202	34	34	is	be	AUX
dem-4202	34	35	the	the	DET
dem-4202	34	36	detection	detection	NOUN
dem-4202	34	37	of	of	ADP
dem-4202	34	38	collusion	collusion	NOUN
dem-4202	34	39	and	and	CCONJ
dem-4202	34	40	competition	competition	NOUN
dem-4202	34	41	phases	phase	NOUN
dem-4202	34	42	.	.	PUNCT
dem-4202	35	1	the	the	DET
dem-4202	35	2	form	form	NOUN
dem-4202	35	3	of	of	ADP
dem-4202	35	4	the	the	DET
dem-4202	35	5	general	general	ADJ
dem-4202	35	6	ms(m)(ar(p))garch(p	ms(m)(ar(p))garch(p	PROPN
dem-4202	35	7	,	,	PUNCT
dem-4202	35	8	q	q	ADJ
dem-4202	35	9	)	)	PUNCT
dem-4202	35	10	model	model	NOUN
dem-4202	35	11	is	be	AUX
dem-4202	35	12	a	a	DET
dem-4202	35	13	development	development	NOUN
dem-4202	35	14	version	version	NOUN
dem-4202	35	15	of	of	ADP
dem-4202	35	16	a	a	DET
dem-4202	35	17	wellknown	wellknown	ADJ
dem-4202	35	18	ms	ms	PROPN
dem-4202	35	19	model	model	NOUN
dem-4202	35	20	(	(	PUNCT
dem-4202	35	21	hamilton	hamilton	PROPN
dem-4202	35	22	,	,	PUNCT
dem-4202	35	23	1989	1989	NUM
dem-4202	35	24	;	;	PUNCT
dem-4202	35	25	hamilton	hamilton	PROPN
dem-4202	35	26	,	,	PUNCT
dem-4202	35	27	susmel	susmel	NOUN
dem-4202	35	28	,	,	PUNCT
dem-4202	35	29	1994	1994	NUM
dem-4202	35	30	;	;	PUNCT
dem-4202	35	31	krolzig	krolzig	PROPN
dem-4202	35	32	,	,	PUNCT
dem-4202	35	33	1998	1998	NUM
dem-4202	35	34	;	;	PUNCT
dem-4202	35	35	stawicki	stawicki	NOUN
dem-4202	35	36	,	,	PUNCT
dem-4202	35	37	2004	2004	NUM
dem-4202	35	38	;	;	PUNCT
dem-4202	35	39	davidson	davidson	NOUN
dem-4202	35	40	,	,	PUNCT
dem-4202	35	41	2004	2004	NUM
dem-4202	35	42	)	)	PUNCT
dem-4202	35	43	.	.	PUNCT
dem-4202	36	1	the	the	DET
dem-4202	36	2	application	application	NOUN
dem-4202	36	3	of	of	ADP
dem-4202	36	4	the	the	DET
dem-4202	36	5	model	model	NOUN
dem-4202	36	6	with	with	ADP
dem-4202	36	7	regimes	regime	NOUN
dem-4202	36	8	in	in	ADP
dem-4202	36	9	variance	variance	NOUN
dem-4202	36	10	refers	refer	VERB
dem-4202	36	11	mainly	mainly	ADV
dem-4202	36	12	to	to	ADP
dem-4202	36	13	high	high	ADJ
dem-4202	36	14	frequency	frequency	NOUN
dem-4202	36	15	data	datum	NOUN
dem-4202	36	16	,	,	PUNCT
dem-4202	36	17	such	such	ADJ
dem-4202	36	18	as	as	ADP
dem-4202	36	19	currency	currency	NOUN
dem-4202	36	20	rates	rate	NOUN
dem-4202	36	21	,	,	PUNCT
dem-4202	36	22	rates	rate	NOUN
dem-4202	36	23	of	of	ADP
dem-4202	36	24	return	return	NOUN
dem-4202	36	25	from	from	ADP
dem-4202	36	26	financial	financial	ADJ
dem-4202	36	27	instruments	instrument	NOUN
dem-4202	36	28	,	,	PUNCT
dem-4202	36	29	prices	price	NOUN
dem-4202	36	30	of	of	ADP
dem-4202	36	31	electric	electric	ADJ
dem-4202	36	32	energy3	energy3	PROPN
dem-4202	36	33	.	.	PUNCT
dem-4202	37	1	the	the	DET
dem-4202	37	2	general	general	ADJ
dem-4202	37	3	form	form	NOUN
dem-4202	37	4	of	of	ADP
dem-4202	37	5	switching	switch	VERB
dem-4202	37	6	model	model	NOUN
dem-4202	37	7	which	which	PRON
dem-4202	37	8	has	have	AUX
dem-4202	37	9	been	be	AUX
dem-4202	37	10	applied	apply	VERB
dem-4202	37	11	can	can	AUX
dem-4202	37	12	be	be	AUX
dem-4202	37	13	written	write	VERB
dem-4202	37	14	down	down	ADP
dem-4202	37	15	as4	as4	PROPN
dem-4202	37	16	:	:	PUNCT
dem-4202	37	17	2	2	NUM
dem-4202	37	18	according	accord	VERB
dem-4202	37	19	to	to	ADP
dem-4202	37	20	krolzig	krolzig	NOUN
dem-4202	37	21	this	this	DET
dem-4202	37	22	type	type	NOUN
dem-4202	37	23	of	of	ADP
dem-4202	37	24	model	model	NOUN
dem-4202	37	25	could	could	AUX
dem-4202	37	26	be	be	AUX
dem-4202	37	27	described	describe	VERB
dem-4202	37	28	as	as	ADP
dem-4202	37	29	msi(m)h	msi(m)h	NOUN
dem-4202	37	30	-	-	PUNCT
dem-4202	37	31	ar(q	ar(q	NUM
dem-4202	37	32	)	)	PUNCT
dem-4202	37	33	with	with	ADP
dem-4202	37	34	garch(p	garch(p	PROPN
dem-4202	37	35	,	,	PUNCT
dem-4202	37	36	q	q	NOUN
dem-4202	37	37	)	)	PUNCT
dem-4202	37	38	component	component	NOUN
dem-4202	37	39	,	,	PUNCT
dem-4202	37	40	krolzig	krolzig	NOUN
dem-4202	37	41	(	(	PUNCT
dem-4202	37	42	1998	1998	NUM
dem-4202	37	43	)	)	PUNCT
dem-4202	37	44	.	.	PUNCT
dem-4202	38	1	3	3	NUM
dem-4202	38	2	for	for	ADP
dem-4202	38	3	example	example	NOUN
dem-4202	38	4	,	,	PUNCT
dem-4202	38	5	refer	refer	VERB
dem-4202	38	6	to	to	ADP
dem-4202	38	7	fong	fong	PROPN
dem-4202	38	8	(	(	PUNCT
dem-4202	38	9	1998	1998	NUM
dem-4202	38	10	)	)	PUNCT
dem-4202	38	11	,	,	PUNCT
dem-4202	38	12	włodarczyk	włodarczyk	INTJ
dem-4202	38	13	,	,	PUNCT
dem-4202	38	14	zawada	zawada	PROPN
dem-4202	38	15	(	(	PUNCT
dem-4202	38	16	2005	2005	NUM
dem-4202	38	17	,	,	PUNCT
dem-4202	38	18	2007	2007	NUM
dem-4202	38	19	)	)	PUNCT
dem-4202	38	20	,	,	PUNCT
dem-4202	38	21	kośko	kośko	NOUN
dem-4202	38	22	,	,	PUNCT
dem-4202	38	23	pietrzak	pietrzak	NOUN
dem-4202	38	24	(	(	PUNCT
dem-4202	38	25	2007	2007	NUM
dem-4202	38	26	)	)	PUNCT
dem-4202	38	27	.	.	PUNCT
dem-4202	39	1	4	4	NUM
dem-4202	39	2	there	there	PRON
dem-4202	39	3	are	be	VERB
dem-4202	39	4	various	various	ADJ
dem-4202	39	5	forms	form	NOUN
dem-4202	39	6	of	of	ADP
dem-4202	39	7	notation	notation	NOUN
dem-4202	39	8	,	,	PUNCT
dem-4202	39	9	this	this	DET
dem-4202	39	10	one	one	NOUN
dem-4202	39	11	is	be	AUX
dem-4202	39	12	from	from	ADP
dem-4202	39	13	davidson	davidson	NOUN
dem-4202	39	14	(	(	PUNCT
dem-4202	39	15	2004	2004	NUM
dem-4202	39	16	)	)	PUNCT
dem-4202	39	17	.	.	PUNCT
dem-4202	40	1	econometric	econometric	ADJ
dem-4202	40	2	tools	tool	NOUN
dem-4202	40	3	for	for	ADP
dem-4202	40	4	detection	detection	NOUN
dem-4202	40	5	of	of	ADP
dem-4202	40	6	collusion	collusion	NOUN
dem-4202	40	7	equilibrium	equilibrium	NOUN
dem-4202	40	8	in	in	ADP
dem-4202	40	9	the	the	DET
dem-4202	40	10	industry	industry	NOUN
dem-4202	40	11	31	31	NUM
dem-4202	40	12	∑	∑	PUNCT
dem-4202	40	13	=	=	SYM
dem-4202	40	14	−	−	PROPN
dem-4202	41	1	+	+	PROPN
dem-4202	41	2	+	+	NOUN
dem-4202	41	3	=	=	X
dem-4202	41	4	p	p	X
dem-4202	41	5	m	m	PROPN
dem-4202	41	6	tmtmsst	tmtmsst	NOUN
dem-4202	41	7	uyy	uyy	PROPN
dem-4202	41	8	tt	tt	PROPN
dem-4202	41	9	1	1	NUM
dem-4202	41	10	0	0	NUM
dem-4202	41	11	,	,	PUNCT
dem-4202	41	12	φα	φα	PROPN
dem-4202	41	13	(	(	PUNCT
dem-4202	41	14	1	1	X
dem-4202	41	15	)	)	PUNCT
dem-4202	41	16	where	where	SCONJ
dem-4202	41	17	:	:	PUNCT
dem-4202	41	18	)	)	PUNCT
dem-4202	41	19	,	,	PUNCT
dem-4202	41	20	1,0.(	1,0.(	PROPN
dem-4202	41	21	..	..	PUNCT
dem-4202	41	22	~	~	PUNCT
dem-4202	41	23	oraz	oraz	PROPN
dem-4202	41	24	2/1	2/1	NUM
dem-4202	41	25	diieehu	diieehu	X
dem-4202	41	26	tttt	tttt	NOUN
dem-4202	41	27	=	=	SYM
dem-4202	41	28	,	,	PUNCT
dem-4202	41	29	1	1	NUM
dem-4202	41	30	2	2	NUM
dem-4202	41	31	0	0	NUM
dem-4202	41	32	∑	∑	SYM
dem-4202	41	33	∞	∞	NUM
dem-4202	41	34	=	=	SYM
dem-4202	41	35	−+=	−+=	X
dem-4202	41	36	m	m	VERB
dem-4202	41	37	mtmsst	mtmsst	ADJ
dem-4202	41	38	uh	uh	INTJ
dem-4202	41	39	tt	tt	PROPN
dem-4202	41	40	ββ	ββ	INTJ
dem-4202	41	41	(	(	PUNCT
dem-4202	41	42	2	2	NUM
dem-4202	41	43	)	)	PUNCT
dem-4202	41	44	the	the	DET
dem-4202	41	45	conditional	conditional	ADJ
dem-4202	41	46	variance	variance	NOUN
dem-4202	41	47	equation	equation	NOUN
dem-4202	41	48	(	(	PUNCT
dem-4202	41	49	2	2	X
dem-4202	41	50	)	)	PUNCT
dem-4202	41	51	uses	use	VERB
dem-4202	41	52	arch(∞	arch(∞	NOUN
dem-4202	41	53	)	)	PUNCT
dem-4202	41	54	specification	specification	NOUN
dem-4202	41	55	which	which	PRON
dem-4202	41	56	also	also	ADV
dem-4202	41	57	includes	include	VERB
dem-4202	41	58	models	model	NOUN
dem-4202	41	59	of	of	ADP
dem-4202	41	60	garch	garch	NOUN
dem-4202	41	61	(	(	PUNCT
dem-4202	41	62	p	p	X
dem-4202	41	63	,	,	PUNCT
dem-4202	41	64	q	q	NOUN
dem-4202	41	65	)	)	PUNCT
dem-4202	41	66	class	class	NOUN
dem-4202	41	67	.	.	PUNCT
dem-4202	42	1	in	in	ADP
dem-4202	42	2	model	model	NOUN
dem-4202	42	3	(	(	PUNCT
dem-4202	42	4	1),(2	1),(2	NUM
dem-4202	42	5	)	)	PUNCT
dem-4202	42	6	each	each	DET
dem-4202	42	7	parameter	parameter	NOUN
dem-4202	42	8	may	may	AUX
dem-4202	42	9	be	be	AUX
dem-4202	42	10	potentially	potentially	ADV
dem-4202	42	11	a	a	DET
dem-4202	42	12	random	random	ADJ
dem-4202	42	13	variable	variable	NOUN
dem-4202	42	14	switched	switch	VERB
dem-4202	42	15	between	between	ADP
dem-4202	42	16	the	the	DET
dem-4202	42	17	values	value	NOUN
dem-4202	42	18	from	from	ADP
dem-4202	42	19	a	a	DET
dem-4202	42	20	finite	finite	ADJ
dem-4202	42	21	set	set	NOUN
dem-4202	42	22	of	of	ADP
dem-4202	42	23	values	value	NOUN
dem-4202	42	24	depending	depend	VERB
dem-4202	42	25	on	on	ADP
dem-4202	42	26	the	the	DET
dem-4202	42	27	actual	actual	ADJ
dem-4202	42	28	state	state	NOUN
dem-4202	42	29	of	of	ADP
dem-4202	42	30	ts	ts	ADP
dem-4202	42	31	where	where	SCONJ
dem-4202	42	32	mst	mst	PROPN
dem-4202	42	33	...	...	PUNCT
dem-4202	42	34	,	,	PUNCT
dem-4202	42	35	,	,	PUNCT
dem-4202	42	36	1=	1=	NUM
dem-4202	42	37	.	.	PUNCT
dem-4202	43	1	variable	variable	NOUN
dem-4202	43	2	ts	ts	X
dem-4202	43	3	is	be	AUX
dem-4202	43	4	assumed	assume	VERB
dem-4202	43	5	to	to	PART
dem-4202	43	6	be	be	AUX
dem-4202	43	7	the	the	DET
dem-4202	43	8	exogenous	exogenous	ADJ
dem-4202	43	9	,	,	PUNCT
dem-4202	43	10	homogeneous	homogeneous	ADJ
dem-4202	43	11	markov	markov	NOUN
dem-4202	43	12	process	process	NOUN
dem-4202	43	13	with	with	ADP
dem-4202	43	14	fixed	fix	VERB
dem-4202	43	15	transition	transition	NOUN
dem-4202	43	16	probabilities	probability	NOUN
dem-4202	43	17	{	{	PUNCT
dem-4202	43	18	}	}	PUNCT
dem-4202	43	19	ijp	ijp	INTJ
dem-4202	43	20	where	where	SCONJ
dem-4202	43	21	:	:	PUNCT
dem-4202	43	22	)	)	PUNCT
dem-4202	43	23	pr	pr	NOUN
dem-4202	43	24	(	(	PUNCT
dem-4202	43	25	1	1	NUM
dem-4202	43	26	isjsp	isjsp	NOUN
dem-4202	43	27	ttij	ttij	NOUN
dem-4202	43	28	=	=	NOUN
dem-4202	43	29	=	=	SYM
dem-4202	43	30	=	=	NOUN
dem-4202	43	31	−	−	PROPN
dem-4202	43	32	.	.	PUNCT
dem-4202	44	1	the	the	DET
dem-4202	44	2	probability	probability	NOUN
dem-4202	44	3	that	that	SCONJ
dem-4202	44	4	the	the	DET
dem-4202	44	5	observed	observe	VERB
dem-4202	44	6	process	process	NOUN
dem-4202	44	7	ty	ty	INTJ
dem-4202	44	8	is	be	AUX
dem-4202	44	9	in	in	ADP
dem-4202	44	10	the	the	DET
dem-4202	44	11	state	state	NOUN
dem-4202	44	12	j	j	PROPN
dem-4202	44	13	in	in	ADP
dem-4202	44	14	the	the	DET
dem-4202	44	15	period	period	NOUN
dem-4202	44	16	t	t	NOUN
dem-4202	44	17	is	be	AUX
dem-4202	44	18	presented	present	VERB
dem-4202	44	19	by	by	ADP
dem-4202	44	20	means	mean	NOUN
dem-4202	44	21	of	of	ADP
dem-4202	44	22	the	the	DET
dem-4202	44	23	filtering	filtering	NOUN
dem-4202	44	24	(	(	PUNCT
dem-4202	44	25	updating	update	VERB
dem-4202	44	26	)	)	PUNCT
dem-4202	44	27	equation	equation	NOUN
dem-4202	44	28	:	:	PUNCT
dem-4202	44	29	,	,	PUNCT
dem-4202	44	30	)	)	PUNCT
dem-4202	44	31	|pr(),|	|pr(),|	PROPN
dem-4202	44	32	(	(	PUNCT
dem-4202	44	33	)	)	PUNCT
dem-4202	44	34	|pr(),|	|pr(),|	PROPN
dem-4202	44	35	(	(	PUNCT
dem-4202	44	36	)	)	PUNCT
dem-4202	44	37	|pr	|pr	PROPN
dem-4202	44	38	(	(	PUNCT
dem-4202	44	39	11	11	NUM
dem-4202	44	40	1	1	NUM
dem-4202	44	41	11	11	NUM
dem-4202	44	42	−=	−=	NOUN
dem-4202	44	43	−	−	PROPN
dem-4202	44	44	−−	−−	NOUN
dem-4202	44	45	ω	ω	NOUN
dem-4202	45	1	=	=	X
dem-4202	45	2	ω=	ω=	X
dem-4202	45	3	ω	ω	X
dem-4202	45	4	=	=	NOUN
dem-4202	45	5	ω=	ω=	X
dem-4202	45	6	=	=	NOUN
dem-4202	45	7	ω=	ω=	X
dem-4202	45	8	∑	∑	X
dem-4202	45	9	tt	tt	PROPN
dem-4202	45	10	m	m	VERB
dem-4202	46	1	i	i	PRON
dem-4202	46	2	ttt	ttt	NOUN
dem-4202	46	3	ttttt	ttttt	VERB
dem-4202	46	4	tt	tt	PROPN
dem-4202	46	5	isisyf	isisyf	PROPN
dem-4202	46	6	jsjsyf	jsjsyf	PROPN
dem-4202	46	7	js	js	PROPN
dem-4202	46	8	(	(	PUNCT
dem-4202	46	9	3	3	NUM
dem-4202	46	10	)	)	PUNCT
dem-4202	46	11	where	where	SCONJ
dem-4202	46	12	tω	tω	PROPN
dem-4202	46	13	signifies	signify	VERB
dem-4202	46	14	the	the	DET
dem-4202	46	15	entire	entire	ADJ
dem-4202	46	16	information	information	NOUN
dem-4202	46	17	available	available	ADJ
dem-4202	46	18	at	at	ADP
dem-4202	46	19	moment	moment	NOUN
dem-4202	46	20	t	t	PROPN
dem-4202	46	21	,	,	PUNCT
dem-4202	46	22	and	and	CCONJ
dem-4202	46	23	:	:	PUNCT
dem-4202	46	24	)	)	PUNCT
dem-4202	46	25	,	,	PUNCT
dem-4202	46	26	|pr()|pr	|pr()|pr	X
dem-4202	46	27	(	(	PUNCT
dem-4202	46	28	1111	1111	NUM
dem-4202	46	29	−−=−	−−=−	NOUN
dem-4202	46	30	ω==ω=	ω==ω=	PROPN
dem-4202	46	31	∑	∑	PROPN
dem-4202	46	32	tt	tt	PROPN
dem-4202	46	33	m	m	VERB
dem-4202	46	34	i	i	PRON
dem-4202	46	35	ijtt	ijtt	VERB
dem-4202	46	36	ispjs	ispjs	PROPN
dem-4202	46	37	(	(	PUNCT
dem-4202	46	38	4	4	NUM
dem-4202	46	39	)	)	PUNCT
dem-4202	46	40	where	where	SCONJ
dem-4202	46	41	transition	transition	NOUN
dem-4202	46	42	probability	probability	NOUN
dem-4202	46	43	ijp	ijp	ADV
dem-4202	46	44	constitutes	constitute	VERB
dem-4202	46	45	m(m-1	m(m-1	NOUN
dem-4202	46	46	)	)	PUNCT
dem-4202	46	47	parameters	parameter	NOUN
dem-4202	46	48	to	to	PART
dem-4202	46	49	be	be	AUX
dem-4202	46	50	estimated	estimate	VERB
dem-4202	46	51	.	.	PUNCT
dem-4202	47	1	the	the	DET
dem-4202	47	2	form	form	NOUN
dem-4202	47	3	of	of	ADP
dem-4202	47	4	conditional	conditional	ADJ
dem-4202	47	5	density	density	NOUN
dem-4202	47	6	function	function	NOUN
dem-4202	47	7	of	of	ADP
dem-4202	47	8	observed	observed	ADJ
dem-4202	47	9	variable	variable	NOUN
dem-4202	47	10	:	:	PUNCT
dem-4202	47	11	)	)	PUNCT
dem-4202	47	12	,	,	PUNCT
dem-4202	47	13	,	,	PUNCT
dem-4202	47	14	|	|	ADV
dem-4202	47	15	(	(	PUNCT
dem-4202	47	16	.	.	PUNCT
dem-4202	47	17	1−ω=	1−ω=	NUM
dem-4202	47	18	tt	tt	PROPN
dem-4202	47	19	jsf	jsf	PROPN
dem-4202	47	20	requires	require	VERB
dem-4202	47	21	making	make	VERB
dem-4202	47	22	an	an	DET
dem-4202	47	23	assumption	assumption	NOUN
dem-4202	47	24	concerning	concern	VERB
dem-4202	47	25	the	the	DET
dem-4202	47	26	type	type	NOUN
dem-4202	47	27	of	of	ADP
dem-4202	47	28	distribution	distribution	NOUN
dem-4202	47	29	.	.	PUNCT
dem-4202	48	1	estimation	estimation	NOUN
dem-4202	48	2	of	of	ADP
dem-4202	48	3	model	model	NOUN
dem-4202	48	4	parameters	parameter	NOUN
dem-4202	48	5	may	may	AUX
dem-4202	48	6	be	be	AUX
dem-4202	48	7	obtained	obtain	VERB
dem-4202	48	8	through	through	ADP
dem-4202	48	9	maximum	maximum	ADJ
dem-4202	48	10	likelihood	likelihood	NOUN
dem-4202	48	11	method	method	NOUN
dem-4202	48	12	.	.	PUNCT
dem-4202	49	1	for	for	ADP
dem-4202	49	2	this	this	DET
dem-4202	49	3	purpose	purpose	NOUN
dem-4202	49	4	a	a	DET
dem-4202	49	5	likelihood	likelihood	NOUN
dem-4202	49	6	function	function	NOUN
dem-4202	49	7	is	be	AUX
dem-4202	49	8	used	use	VERB
dem-4202	49	9	:	:	PUNCT
dem-4202	49	10	)	)	PUNCT
dem-4202	49	11	,	,	PUNCT
dem-4202	49	12	|pr(),|(prlog	|pr(),|(prlog	ADV
dem-4202	49	13	11	11	NUM
dem-4202	49	14	1	1	NUM
dem-4202	49	15	1	1	NUM
dem-4202	49	16	−=	−=	NOUN
dem-4202	49	17	−	−	PROPN
dem-4202	49	18	=	=	SYM
dem-4202	49	19	ω	ω	X
dem-4202	49	20	=	=	PROPN
dem-4202	49	21	ω==	ω==	X
dem-4202	49	22	∑∑	∑∑	PROPN
dem-4202	49	23	tt	tt	NOUN
dem-4202	49	24	m	m	VERB
dem-4202	50	1	i	i	INTJ
dem-4202	50	2	ttt	ttt	PROPN
dem-4202	50	3	t	t	PROPN
dem-4202	50	4	t	t	PROPN
dem-4202	50	5	jsjsyfl	jsjsyfl	VERB
dem-4202	50	6	(	(	PUNCT
dem-4202	50	7	5	5	NUM
dem-4202	50	8	)	)	PUNCT
dem-4202	50	9	the	the	DET
dem-4202	50	10	maximization	maximization	NOUN
dem-4202	50	11	of	of	ADP
dem-4202	50	12	function	function	NOUN
dem-4202	50	13	(	(	PUNCT
dem-4202	50	14	5	5	NUM
dem-4202	50	15	)	)	PUNCT
dem-4202	50	16	is	be	AUX
dem-4202	50	17	conducted	conduct	VERB
dem-4202	50	18	by	by	ADP
dem-4202	50	19	means	mean	NOUN
dem-4202	50	20	of	of	ADP
dem-4202	50	21	a	a	DET
dem-4202	50	22	very	very	ADV
dem-4202	50	23	well	well	ADV
dem-4202	50	24	known	know	VERB
dem-4202	50	25	method	method	NOUN
dem-4202	50	26	,	,	PUNCT
dem-4202	50	27	expectation	expectation	NOUN
dem-4202	50	28	maximization	maximization	NOUN
dem-4202	50	29	(	(	PUNCT
dem-4202	50	30	em	em	NOUN
dem-4202	50	31	)	)	PUNCT
dem-4202	50	32	algorithm	algorithm	NOUN
dem-4202	50	33	(	(	PUNCT
dem-4202	50	34	krolzig	krolzig	PROPN
dem-4202	50	35	,	,	PUNCT
dem-4202	50	36	1998	1998	NUM
dem-4202	50	37	,	,	PUNCT
dem-4202	50	38	p.	p.	NOUN
dem-4202	50	39	8)	8)	NUM
dem-4202	50	40	.	.	PUNCT
dem-4202	51	1	sylwester	sylwester	NOUN
dem-4202	51	2	bejger	bejger	NOUN
dem-4202	51	3	32	32	NUM
dem-4202	51	4	5	5	NUM
dem-4202	51	5	.	.	PUNCT
dem-4202	51	6	empirical	empirical	ADJ
dem-4202	51	7	verification	verification	NOUN
dem-4202	51	8	the	the	DET
dem-4202	51	9	collusion	collusion	NOUN
dem-4202	51	10	of	of	ADP
dem-4202	51	11	lysine	lysine	NOUN
dem-4202	51	12	producers5	producers5	NOUN
dem-4202	51	13	was	be	AUX
dem-4202	51	14	proved	prove	VERB
dem-4202	51	15	in	in	ADP
dem-4202	51	16	1996	1996	NUM
dem-4202	51	17	.	.	PUNCT
dem-4202	52	1	the	the	DET
dem-4202	52	2	test	test	NOUN
dem-4202	52	3	includes	include	VERB
dem-4202	52	4	monthly	monthly	ADJ
dem-4202	52	5	average	average	ADJ
dem-4202	52	6	lysine	lysine	NOUN
dem-4202	52	7	prices	price	NOUN
dem-4202	52	8	on	on	ADP
dem-4202	52	9	the	the	DET
dem-4202	52	10	usa	usa	PROPN
dem-4202	52	11	market	market	NOUN
dem-4202	52	12	in	in	ADP
dem-4202	52	13	the	the	DET
dem-4202	52	14	period	period	NOUN
dem-4202	52	15	between	between	ADP
dem-4202	52	16	01/90	01/90	NUM
dem-4202	52	17	–	–	PUNCT
dem-4202	52	18	06/966	06/966	NUM
dem-4202	52	19	.	.	PUNCT
dem-4202	53	1	within	within	ADP
dem-4202	53	2	this	this	DET
dem-4202	53	3	period	period	NOUN
dem-4202	53	4	,	,	PUNCT
dem-4202	53	5	on	on	ADP
dem-4202	53	6	the	the	DET
dem-4202	53	7	basis	basis	NOUN
dem-4202	53	8	of	of	ADP
dem-4202	53	9	collected	collect	VERB
dem-4202	53	10	evidence	evidence	NOUN
dem-4202	53	11	(	(	PUNCT
dem-4202	53	12	connor	connor	NOUN
dem-4202	53	13	,	,	PUNCT
dem-4202	53	14	2001	2001	NUM
dem-4202	53	15	)	)	PUNCT
dem-4202	54	1	the	the	DET
dem-4202	54	2	following	follow	VERB
dem-4202	54	3	phases	phase	NOUN
dem-4202	54	4	may	may	AUX
dem-4202	54	5	be	be	AUX
dem-4202	54	6	distinguished	distinguish	VERB
dem-4202	54	7	(	(	PUNCT
dem-4202	54	8	table	table	NOUN
dem-4202	54	9	1	1	NUM
dem-4202	54	10	)	)	PUNCT
dem-4202	54	11	.	.	PUNCT
dem-4202	55	1	table	table	NOUN
dem-4202	55	2	1	1	NUM
dem-4202	55	3	.	.	PUNCT
dem-4202	56	1	the	the	DET
dem-4202	56	2	statistics	statistic	NOUN
dem-4202	56	3	of	of	ADP
dem-4202	56	4	lysine	lysine	NOUN
dem-4202	56	5	price	price	NOUN
dem-4202	56	6	(	(	PUNCT
dem-4202	56	7	prices	price	NOUN
dem-4202	56	8	per	per	ADP
dem-4202	56	9	pound	pound	NOUN
dem-4202	56	10	)	)	PUNCT
dem-4202	56	11	phase	phase	NOUN
dem-4202	56	12	months	month	NOUN
dem-4202	56	13	number	number	NOUN
dem-4202	56	14	average	average	ADJ
dem-4202	56	15	standard	standard	ADJ
dem-4202	56	16	deviation	deviation	NOUN
dem-4202	56	17	coefficient	coefficient	NOUN
dem-4202	56	18	of	of	ADP
dem-4202	56	19	variation	variation	NOUN
dem-4202	56	20	1	1	NUM
dem-4202	56	21	.	.	PUNCT
dem-4202	57	1	competition	competition	NOUN
dem-4202	57	2	(	(	PUNCT
dem-4202	57	3	01.90	01.90	NUM
dem-4202	57	4	–	–	PUNCT
dem-4202	57	5	07.92	07.92	NUM
dem-4202	57	6	)	)	PUNCT
dem-4202	57	7	31	31	NUM
dem-4202	57	8	102.90	102.90	NUM
dem-4202	57	9	16.22	16.22	NUM
dem-4202	57	10	15.8	15.8	NUM
dem-4202	57	11	%	%	NOUN
dem-4202	57	12	2	2	NUM
dem-4202	57	13	.	.	NOUN
dem-4202	57	14	collusion	collusion	NOUN
dem-4202	57	15	(	(	PUNCT
dem-4202	57	16	08.92	08.92	NUM
dem-4202	57	17	–	–	PUNCT
dem-4202	57	18	03.93	03.93	NUM
dem-4202	57	19	)	)	PUNCT
dem-4202	57	20	8	8	NUM
dem-4202	57	21	90.13	90.13	NUM
dem-4202	57	22	9.83	9.83	NUM
dem-4202	57	23	10.9	10.9	NUM
dem-4202	57	24	%	%	NOUN
dem-4202	57	25	3	3	NUM
dem-4202	57	26	.	.	PUNCT
dem-4202	57	27	competition	competition	NOUN
dem-4202	57	28	(	(	PUNCT
dem-4202	57	29	04.93	04.93	NUM
dem-4202	57	30	–	–	PUNCT
dem-4202	57	31	07.93	07.93	NUM
dem-4202	57	32	)	)	PUNCT
dem-4202	57	33	4	4	NUM
dem-4202	57	34	70.50	70.50	NUM
dem-4202	57	35	7.72	7.72	NUM
dem-4202	57	36	11	11	NUM
dem-4202	57	37	%	%	NOUN
dem-4202	57	38	4	4	NUM
dem-4202	57	39	.	.	NOUN
dem-4202	57	40	collusion	collusion	NOUN
dem-4202	57	41	(	(	PUNCT
dem-4202	57	42	08.93	08.93	NUM
dem-4202	57	43	–	–	PUNCT
dem-4202	57	44	06.95	06.95	NUM
dem-4202	57	45	)	)	PUNCT
dem-4202	57	46	23	23	NUM
dem-4202	57	47	110.30	110.30	NUM
dem-4202	57	48	8.55	8.55	NUM
dem-4202	57	49	7.8	7.8	NUM
dem-4202	57	50	%	%	NOUN
dem-4202	57	51	5	5	NUM
dem-4202	57	52	.	.	PUNCT
dem-4202	57	53	competition	competition	NOUN
dem-4202	57	54	(	(	PUNCT
dem-4202	57	55	07.95	07.95	NUM
dem-4202	57	56	–	–	PUNCT
dem-4202	57	57	06.96	06.96	NUM
dem-4202	57	58	)	)	PUNCT
dem-4202	57	59	12	12	NUM
dem-4202	57	60	102.50	102.50	NUM
dem-4202	57	61	9.51	9.51	NUM
dem-4202	57	62	9.3	9.3	NUM
dem-4202	57	63	%	%	NOUN
dem-4202	57	64	the	the	DET
dem-4202	57	65	purpose	purpose	NOUN
dem-4202	57	66	of	of	ADP
dem-4202	57	67	the	the	DET
dem-4202	57	68	empirical	empirical	ADJ
dem-4202	57	69	research	research	NOUN
dem-4202	57	70	is	be	AUX
dem-4202	57	71	to	to	PART
dem-4202	57	72	check	check	VERB
dem-4202	57	73	to	to	ADP
dem-4202	57	74	what	what	DET
dem-4202	57	75	degree	degree	NOUN
dem-4202	57	76	the	the	DET
dem-4202	57	77	model	model	NOUN
dem-4202	57	78	with	with	ADP
dem-4202	57	79	the	the	DET
dem-4202	57	80	proposed	propose	VERB
dem-4202	57	81	specification	specification	NOUN
dem-4202	57	82	may	may	AUX
dem-4202	57	83	be	be	AUX
dem-4202	57	84	used	use	VERB
dem-4202	57	85	to	to	PART
dem-4202	57	86	detect	detect	VERB
dem-4202	57	87	changes	change	NOUN
dem-4202	57	88	of	of	ADP
dem-4202	57	89	the	the	DET
dem-4202	57	90	regime	regime	NOUN
dem-4202	57	91	type	type	NOUN
dem-4202	57	92	in	in	ADP
dem-4202	57	93	the	the	DET
dem-4202	57	94	variance	variance	NOUN
dem-4202	57	95	of	of	ADP
dem-4202	57	96	the	the	DET
dem-4202	57	97	process	process	NOUN
dem-4202	57	98	generating	generate	VERB
dem-4202	57	99	data	datum	NOUN
dem-4202	57	100	,	,	PUNCT
dem-4202	57	101	and	and	CCONJ
dem-4202	57	102	thereby	thereby	ADV
dem-4202	57	103	detect	detect	VERB
dem-4202	57	104	collusion	collusion	NOUN
dem-4202	57	105	phases	phase	NOUN
dem-4202	57	106	.	.	PUNCT
dem-4202	58	1	such	such	ADJ
dem-4202	58	2	verification	verification	NOUN
dem-4202	58	3	is	be	AUX
dem-4202	58	4	possible	possible	ADJ
dem-4202	58	5	due	due	ADP
dem-4202	58	6	to	to	ADP
dem-4202	58	7	the	the	DET
dem-4202	58	8	knowledge	knowledge	NOUN
dem-4202	58	9	of	of	ADP
dem-4202	58	10	the	the	DET
dem-4202	58	11	collusion	collusion	NOUN
dem-4202	58	12	history	history	NOUN
dem-4202	58	13	,	,	PUNCT
dem-4202	58	14	provided	provide	VERB
dem-4202	58	15	that	that	SCONJ
dem-4202	58	16	this	this	DET
dem-4202	58	17	case	case	NOUN
dem-4202	58	18	has	have	AUX
dem-4202	58	19	been	be	AUX
dem-4202	58	20	correctly	correctly	ADV
dem-4202	58	21	determined	determined	ADJ
dem-4202	58	22	(	(	PUNCT
dem-4202	58	23	i.e.	i.e.	X
dem-4202	58	24	,	,	PUNCT
dem-4202	58	25	no	no	DET
dem-4202	58	26	significant	significant	ADJ
dem-4202	58	27	evidence	evidence	NOUN
dem-4202	58	28	was	be	AUX
dem-4202	58	29	omitted	omit	VERB
dem-4202	58	30	during	during	ADP
dem-4202	58	31	the	the	DET
dem-4202	58	32	trial	trial	NOUN
dem-4202	58	33	)	)	PUNCT
dem-4202	58	34	.	.	PUNCT
dem-4202	59	1	initially	initially	ADV
dem-4202	59	2	,	,	PUNCT
dem-4202	59	3	there	there	PRON
dem-4202	59	4	was	be	VERB
dem-4202	59	5	verified	verify	VERB
dem-4202	59	6	a	a	DET
dem-4202	59	7	hypothesis	hypothesis	NOUN
dem-4202	59	8	on	on	ADP
dem-4202	59	9	variances	variance	NOUN
dem-4202	59	10	equality	equality	NOUN
dem-4202	59	11	for	for	ADP
dem-4202	59	12	two	two	NUM
dem-4202	59	13	comparable	comparable	ADJ
dem-4202	59	14	phases	phase	NOUN
dem-4202	59	15	.	.	PUNCT
dem-4202	60	1	table	table	NOUN
dem-4202	60	2	2	2	NUM
dem-4202	60	3	summarizes	summarize	NOUN
dem-4202	60	4	this	this	DET
dem-4202	60	5	step	step	NOUN
dem-4202	60	6	.	.	PUNCT
dem-4202	61	1	table	table	NOUN
dem-4202	61	2	2	2	NUM
dem-4202	61	3	.	.	PUNCT
dem-4202	62	1	the	the	DET
dem-4202	62	2	value	value	NOUN
dem-4202	62	3	of	of	ADP
dem-4202	62	4	statistics	statistic	NOUN
dem-4202	62	5	for	for	ADP
dem-4202	62	6	the	the	DET
dem-4202	62	7	variance	variance	NOUN
dem-4202	62	8	equality	equality	NOUN
dem-4202	62	9	test	test	NOUN
dem-4202	62	10	in	in	ADP
dem-4202	62	11	phase	phase	NOUN
dem-4202	62	12	1	1	NUM
dem-4202	62	13	and	and	CCONJ
dem-4202	62	14	4	4	NUM
dem-4202	62	15	bartlett	bartlett	NOUN
dem-4202	62	16	7.6064	7.6064	NUM
dem-4202	62	17	(	(	PUNCT
dem-4202	62	18	0.005	0.005	NUM
dem-4202	62	19	)	)	PUNCT
dem-4202	62	20	brown	brown	NOUN
dem-4202	62	21	-	-	PUNCT
dem-4202	62	22	forsythe	forsythe	PROPN
dem-4202	62	23	3.9206	3.9206	NUM
dem-4202	62	24	(	(	PUNCT
dem-4202	62	25	0.053	0.053	NUM
dem-4202	62	26	)	)	PUNCT
dem-4202	62	27	test	test	NOUN
dem-4202	62	28	f	f	PROPN
dem-4202	62	29	3.2106	3.2106	NUM
dem-4202	62	30	(	(	PUNCT
dem-4202	62	31	0.003	0.003	NUM
dem-4202	62	32	)	)	PUNCT
dem-4202	62	33	note	note	NOUN
dem-4202	62	34	:	:	PUNCT
dem-4202	62	35	p	p	X
dem-4202	62	36	-	-	PUNCT
dem-4202	62	37	values	value	NOUN
dem-4202	62	38	given	give	VERB
dem-4202	62	39	in	in	ADP
dem-4202	62	40	brackets	bracket	NOUN
dem-4202	62	41	.	.	PUNCT
dem-4202	63	1	on	on	ADP
dem-4202	63	2	the	the	DET
dem-4202	63	3	basis	basis	NOUN
dem-4202	63	4	of	of	ADP
dem-4202	63	5	the	the	DET
dem-4202	63	6	test	test	NOUN
dem-4202	63	7	it	it	PRON
dem-4202	63	8	can	can	AUX
dem-4202	63	9	be	be	AUX
dem-4202	63	10	ascertained	ascertain	VERB
dem-4202	63	11	that	that	SCONJ
dem-4202	63	12	variances	variance	NOUN
dem-4202	63	13	in	in	ADP
dem-4202	63	14	both	both	DET
dem-4202	63	15	phases	phase	NOUN
dem-4202	63	16	are	be	AUX
dem-4202	63	17	significantly	significantly	ADV
dem-4202	63	18	different	different	ADJ
dem-4202	63	19	.	.	PUNCT
dem-4202	64	1	next	next	ADV
dem-4202	64	2	,	,	PUNCT
dem-4202	64	3	the	the	DET
dem-4202	64	4	properties	property	NOUN
dem-4202	64	5	of	of	ADP
dem-4202	64	6	the	the	DET
dem-4202	64	7	examined	examine	VERB
dem-4202	64	8	series	series	NOUN
dem-4202	64	9	were	be	AUX
dem-4202	64	10	checked	check	VERB
dem-4202	64	11	in	in	ADP
dem-4202	64	12	terms	term	NOUN
dem-4202	64	13	of	of	ADP
dem-4202	64	14	the	the	DET
dem-4202	64	15	distribution	distribution	NOUN
dem-4202	64	16	characteristics	characteristic	NOUN
dem-4202	64	17	and	and	CCONJ
dem-4202	64	18	autocorrelation	autocorrelation	NOUN
dem-4202	64	19	,	,	PUNCT
dem-4202	64	20	stationarity	stationarity	NOUN
dem-4202	64	21	and	and	CCONJ
dem-4202	64	22	homoscedasticity	homoscedasticity	NOUN
dem-4202	64	23	of	of	ADP
dem-4202	64	24	residuals	residual	NOUN
dem-4202	64	25	.	.	PUNCT
dem-4202	65	1	the	the	DET
dem-4202	65	2	results	result	NOUN
dem-4202	65	3	of	of	ADP
dem-4202	65	4	this	this	DET
dem-4202	65	5	part	part	NOUN
dem-4202	65	6	of	of	ADP
dem-4202	65	7	research	research	NOUN
dem-4202	65	8	are	be	AUX
dem-4202	65	9	included	include	VERB
dem-4202	65	10	in	in	ADP
dem-4202	65	11	table	table	NOUN
dem-4202	65	12	3	3	NUM
dem-4202	65	13	.	.	SYM
dem-4202	65	14	5	5	NUM
dem-4202	65	15	lysine	lysine	NOUN
dem-4202	65	16	is	be	AUX
dem-4202	65	17	an	an	DET
dem-4202	65	18	basic	basic	ADJ
dem-4202	65	19	amino	amino	NOUN
dem-4202	65	20	acid	acid	NOUN
dem-4202	65	21	required	require	VERB
dem-4202	65	22	as	as	ADP
dem-4202	65	23	a	a	DET
dem-4202	65	24	feed	feed	NOUN
dem-4202	65	25	component	component	NOUN
dem-4202	65	26	in	in	ADP
dem-4202	65	27	hog	hog	NOUN
dem-4202	65	28	,	,	PUNCT
dem-4202	65	29	poultry	poultry	NOUN
dem-4202	65	30	and	and	CCONJ
dem-4202	65	31	fish	fish	NOUN
dem-4202	65	32	production	production	NOUN
dem-4202	65	33	.	.	PUNCT
dem-4202	66	1	6	6	NUM
dem-4202	66	2	the	the	DET
dem-4202	66	3	prices	price	NOUN
dem-4202	66	4	are	be	AUX
dem-4202	66	5	from	from	ADP
dem-4202	66	6	connor	connor	NOUN
dem-4202	66	7	,	,	PUNCT
dem-4202	66	8	(	(	PUNCT
dem-4202	66	9	2000	2000	NUM
dem-4202	66	10	)	)	PUNCT
dem-4202	66	11	,	,	PUNCT
dem-4202	66	12	appendix	appendix	VERB
dem-4202	66	13	a	a	PRON
dem-4202	66	14	,	,	PUNCT
dem-4202	66	15	table	table	NOUN
dem-4202	66	16	a2	a2	PROPN
dem-4202	66	17	.	.	PUNCT
dem-4202	67	1	econometric	econometric	ADJ
dem-4202	67	2	tools	tool	NOUN
dem-4202	67	3	for	for	ADP
dem-4202	67	4	detection	detection	NOUN
dem-4202	67	5	of	of	ADP
dem-4202	67	6	collusion	collusion	NOUN
dem-4202	67	7	equilibrium	equilibrium	NOUN
dem-4202	67	8	in	in	ADP
dem-4202	67	9	the	the	DET
dem-4202	67	10	industry	industry	NOUN
dem-4202	67	11	33	33	NUM
dem-4202	67	12	table	table	NOUN
dem-4202	67	13	3	3	NUM
dem-4202	67	14	.	.	PUNCT
dem-4202	68	1	characteristics	characteristic	NOUN
dem-4202	68	2	of	of	ADP
dem-4202	68	3	series	series	PROPN
dem-4202	68	4	skewness	skewness	NOUN
dem-4202	68	5	-0.765	-0.765	PUNCT
dem-4202	68	6	jarque	jarque	NOUN
dem-4202	68	7	-	-	PUNCT
dem-4202	68	8	bera	bera	NOUN
dem-4202	68	9	normality	normality	NOUN
dem-4202	68	10	test	test	NOUN
dem-4202	68	11	7.634	7.634	NUM
dem-4202	68	12	(	(	PUNCT
dem-4202	68	13	0.021	0.021	NUM
dem-4202	68	14	)	)	PUNCT
dem-4202	68	15	adf	adf	NOUN
dem-4202	68	16	test	test	NOUN
dem-4202	68	17	-3.627	-3.627	NOUN
dem-4202	68	18	*	*	PUNCT
dem-4202	68	19	(	(	PUNCT
dem-4202	68	20	0.007	0.007	NUM
dem-4202	68	21	)	)	PUNCT
dem-4202	68	22	kurtosis	kurtosis	VERB
dem-4202	68	23	3.081	3.081	NUM
dem-4202	68	24	ljung	ljung	ADJ
dem-4202	68	25	–	–	PUNCT
dem-4202	68	26	box	box	NOUN
dem-4202	68	27	test	test	NOUN
dem-4202	68	28	for	for	ADP
dem-4202	68	29	levels	level	NOUN
dem-4202	68	30	–	–	PUNCT
dem-4202	68	31	q(5	q(5	NOUN
dem-4202	68	32	)	)	PUNCT
dem-4202	68	33	145.260	145.260	NUM
dem-4202	68	34	(	(	PUNCT
dem-4202	68	35	0.000	0.000	NUM
dem-4202	68	36	)	)	PUNCT
dem-4202	68	37	kpss	kpss	PROPN
dem-4202	68	38	test	test	VERB
dem-4202	68	39	0.160	0.160	NUM
dem-4202	68	40	*	*	PUNCT
dem-4202	68	41	*	*	PUNCT
dem-4202	68	42	lm	lm	INTJ
dem-4202	68	43	test	test	NOUN
dem-4202	68	44	for	for	ADP
dem-4202	68	45	heteroscedasticity	heteroscedasticity	NOUN
dem-4202	68	46	of	of	ADP
dem-4202	68	47	residuals	residual	NOUN
dem-4202	68	48	9.685	9.685	NUM
dem-4202	68	49	(	(	PUNCT
dem-4202	68	50	0.002	0.002	NUM
dem-4202	68	51	)	)	PUNCT
dem-4202	68	52	note	note	NOUN
dem-4202	68	53	:	:	PUNCT
dem-4202	68	54	pvalues	pvalue	NOUN
dem-4202	68	55	given	give	VERB
dem-4202	68	56	in	in	ADP
dem-4202	68	57	brackets	bracket	NOUN
dem-4202	68	58	,	,	PUNCT
dem-4202	68	59	*	*	PUNCT
dem-4202	68	60	value	value	NOUN
dem-4202	68	61	of	of	ADP
dem-4202	68	62	t	t	PROPN
dem-4202	68	63	statistics	statistic	NOUN
dem-4202	68	64	(	(	PUNCT
dem-4202	68	65	critical	critical	ADJ
dem-4202	68	66	values	value	NOUN
dem-4202	68	67	for	for	ADP
dem-4202	68	68	1	1	NUM
dem-4202	68	69	%	%	NOUN
dem-4202	68	70	,	,	PUNCT
dem-4202	68	71	5	5	NUM
dem-4202	68	72	%	%	NOUN
dem-4202	68	73	,	,	PUNCT
dem-4202	68	74	10	10	NUM
dem-4202	68	75	%	%	NOUN
dem-4202	68	76	sig	sig	NOUN
dem-4202	68	77	.	.	PUNCT
dem-4202	69	1	levels	level	NOUN
dem-4202	69	2	–	–	PUNCT
dem-4202	69	3	(	(	PUNCT
dem-4202	69	4	-3.519	-3.519	NOUN
dem-4202	69	5	)	)	PUNCT
dem-4202	69	6	,	,	PUNCT
dem-4202	69	7	(	(	PUNCT
dem-4202	69	8	-2.900	-2.900	X
dem-4202	69	9	)	)	PUNCT
dem-4202	69	10	,	,	PUNCT
dem-4202	69	11	(	(	PUNCT
dem-4202	69	12	-2.587	-2.587	ADJ
dem-4202	69	13	)	)	PUNCT
dem-4202	69	14	,	,	PUNCT
dem-4202	69	15	*	*	PUNCT
dem-4202	69	16	*	*	PUNCT
dem-4202	69	17	value	value	NOUN
dem-4202	69	18	of	of	ADP
dem-4202	69	19	lm	lm	PROPN
dem-4202	69	20	statistics	statistic	NOUN
dem-4202	69	21	(	(	PUNCT
dem-4202	69	22	asympt	asympt	NOUN
dem-4202	69	23	.	.	PUNCT
dem-4202	70	1	critical	critical	ADJ
dem-4202	70	2	values	value	NOUN
dem-4202	70	3	for	for	ADP
dem-4202	70	4	1	1	NUM
dem-4202	70	5	%	%	NOUN
dem-4202	70	6	,	,	PUNCT
dem-4202	70	7	5	5	NUM
dem-4202	70	8	%	%	NOUN
dem-4202	70	9	,	,	PUNCT
dem-4202	70	10	10	10	NUM
dem-4202	70	11	%	%	NOUN
dem-4202	70	12	sig	sig	NOUN
dem-4202	70	13	.	.	PUNCT
dem-4202	71	1	levels	level	NOUN
dem-4202	71	2	–	–	PUNCT
dem-4202	71	3	0.739	0.739	NUM
dem-4202	71	4	,	,	PUNCT
dem-4202	71	5	0.463	0.463	NUM
dem-4202	71	6	,	,	PUNCT
dem-4202	71	7	0.347	0.347	NUM
dem-4202	71	8	)	)	PUNCT
dem-4202	71	9	.	.	PUNCT
dem-4202	72	1	the	the	DET
dem-4202	72	2	series	series	NOUN
dem-4202	72	3	is	be	AUX
dem-4202	72	4	skewed	skewed	ADJ
dem-4202	72	5	,	,	PUNCT
dem-4202	72	6	the	the	DET
dem-4202	72	7	hypothesis	hypothesis	NOUN
dem-4202	72	8	of	of	ADP
dem-4202	72	9	normal	normal	ADJ
dem-4202	72	10	distribution	distribution	NOUN
dem-4202	72	11	was	be	AUX
dem-4202	72	12	rejected	reject	VERB
dem-4202	72	13	and	and	CCONJ
dem-4202	72	14	by	by	ADP
dem-4202	72	15	means	mean	NOUN
dem-4202	72	16	of	of	ADP
dem-4202	72	17	test	test	NOUN
dem-4202	72	18	with	with	ADP
dem-4202	72	19	different	different	ADJ
dem-4202	72	20	configuration	configuration	NOUN
dem-4202	72	21	of	of	ADP
dem-4202	72	22	hypotheses	hypothesis	NOUN
dem-4202	72	23	the	the	DET
dem-4202	72	24	series	series	NOUN
dem-4202	72	25	stationarity	stationarity	NOUN
dem-4202	72	26	was	be	AUX
dem-4202	72	27	confirmed	confirm	VERB
dem-4202	72	28	.	.	PUNCT
dem-4202	73	1	after	after	ADP
dem-4202	73	2	removing	remove	VERB
dem-4202	73	3	autocorrelation	autocorrelation	NOUN
dem-4202	73	4	,	,	PUNCT
dem-4202	73	5	there	there	PRON
dem-4202	73	6	is	be	VERB
dem-4202	73	7	explicit	explicit	ADJ
dem-4202	73	8	heteroscedasticity	heteroscedasticity	NOUN
dem-4202	73	9	of	of	ADP
dem-4202	73	10	a	a	DET
dem-4202	73	11	random	random	ADJ
dem-4202	73	12	component	component	NOUN
dem-4202	73	13	,	,	PUNCT
dem-4202	73	14	which	which	PRON
dem-4202	73	15	indicates	indicate	VERB
dem-4202	73	16	relations	relation	NOUN
dem-4202	73	17	in	in	ADP
dem-4202	73	18	the	the	DET
dem-4202	73	19	variance	variance	NOUN
dem-4202	73	20	which	which	PRON
dem-4202	73	21	were	be	AUX
dem-4202	73	22	not	not	PART
dem-4202	73	23	included	include	VERB
dem-4202	73	24	in	in	ADP
dem-4202	73	25	the	the	DET
dem-4202	73	26	model	model	NOUN
dem-4202	73	27	.	.	PUNCT
dem-4202	74	1	in	in	ADP
dem-4202	74	2	the	the	DET
dem-4202	74	3	next	next	ADJ
dem-4202	74	4	stage	stage	NOUN
dem-4202	74	5	of	of	ADP
dem-4202	74	6	the	the	DET
dem-4202	74	7	research	research	NOUN
dem-4202	74	8	a	a	DET
dem-4202	74	9	number	number	NOUN
dem-4202	74	10	of	of	ADP
dem-4202	74	11	models	model	NOUN
dem-4202	74	12	of	of	ADP
dem-4202	74	13	ms(k)(ar(p))garch(p	ms(k)(ar(p))garch(p	NOUN
dem-4202	74	14	,	,	PUNCT
dem-4202	74	15	q	q	ADJ
dem-4202	74	16	)	)	PUNCT
dem-4202	74	17	type	type	NOUN
dem-4202	74	18	was	be	AUX
dem-4202	74	19	constructed	construct	VERB
dem-4202	74	20	and	and	CCONJ
dem-4202	74	21	estimated	estimate	VERB
dem-4202	74	22	with	with	ADP
dem-4202	74	23	the	the	DET
dem-4202	74	24	use	use	NOUN
dem-4202	74	25	of	of	ADP
dem-4202	74	26	maximum	maximum	ADJ
dem-4202	74	27	likelihood	likelihood	NOUN
dem-4202	74	28	method	method	NOUN
dem-4202	74	29	.	.	PUNCT
dem-4202	75	1	the	the	DET
dem-4202	75	2	best	good	ADJ
dem-4202	75	3	results	result	NOUN
dem-4202	75	4	,	,	PUNCT
dem-4202	75	5	when	when	SCONJ
dem-4202	75	6	it	it	PRON
dem-4202	75	7	comes	come	VERB
dem-4202	75	8	to	to	ADP
dem-4202	75	9	the	the	DET
dem-4202	75	10	model	model	NOUN
dem-4202	75	11	properties	property	NOUN
dem-4202	75	12	,	,	PUNCT
dem-4202	75	13	were	be	AUX
dem-4202	75	14	achieved	achieve	VERB
dem-4202	75	15	for	for	ADP
dem-4202	75	16	ms(2)(ar(2))garch(1;0	ms(2)(ar(2))garch(1;0	NOUN
dem-4202	75	17	)	)	PUNCT
dem-4202	75	18	specification	specification	NOUN
dem-4202	75	19	in	in	ADP
dem-4202	75	20	the	the	DET
dem-4202	75	21	form	form	NOUN
dem-4202	75	22	of	of	ADP
dem-4202	75	23	:	:	PUNCT
dem-4202	75	24	∑	∑	PUNCT
dem-4202	75	25	=	=	SYM
dem-4202	76	1	−	−	PROPN
dem-4202	76	2	+	+	PROPN
dem-4202	76	3	+	+	NOUN
dem-4202	76	4	=	=	SYM
dem-4202	76	5	2	2	NUM
dem-4202	76	6	1	1	NUM
dem-4202	76	7	0	0	NUM
dem-4202	76	8	,	,	PUNCT
dem-4202	76	9	m	m	VERB
dem-4202	76	10	tmtmst	tmtmst	VERB
dem-4202	76	11	uyy	uyy	PROPN
dem-4202	76	12	t	t	PROPN
dem-4202	76	13	φα	φα	PROPN
dem-4202	76	14	(	(	PUNCT
dem-4202	76	15	6	6	NUM
dem-4202	76	16	)	)	PUNCT
dem-4202	76	17	where	where	SCONJ
dem-4202	76	18	:	:	PUNCT
dem-4202	76	19	)	)	PUNCT
dem-4202	76	20	,	,	PUNCT
dem-4202	76	21	1,0.(	1,0.(	PROPN
dem-4202	76	22	..	..	SYM
dem-4202	76	23	~2/1	~2/1	PROPN
dem-4202	76	24	diieorazehu	diieorazehu	NOUN
dem-4202	76	25	tttt	tttt	NOUN
dem-4202	76	26	=	=	SYM
dem-4202	76	27	,	,	PUNCT
dem-4202	76	28	2	2	NUM
dem-4202	76	29	110	110	NUM
dem-4202	76	30	−+=	−+=	NOUN
dem-4202	76	31	tst	tst	NOUN
dem-4202	76	32	uh	uh	INTJ
dem-4202	76	33	t	t	PROPN
dem-4202	76	34	ββ	ββ	PROPN
dem-4202	76	35	(	(	PUNCT
dem-4202	76	36	7	7	NUM
dem-4202	76	37	)	)	PUNCT
dem-4202	76	38	.2;1	.2;1	PUNCT
dem-4202	77	1	=	=	SYM
dem-4202	77	2	ts	ts	ADP
dem-4202	77	3	this	this	DET
dem-4202	77	4	specification	specification	NOUN
dem-4202	77	5	assumes	assume	VERB
dem-4202	77	6	controlling	control	VERB
dem-4202	77	7	the	the	DET
dem-4202	77	8	observable	observable	ADJ
dem-4202	77	9	price	price	NOUN
dem-4202	77	10	process	process	NOUN
dem-4202	77	11	through	through	ADP
dem-4202	77	12	non	non	ADJ
dem-4202	77	13	-	-	ADJ
dem-4202	77	14	observable	observable	ADJ
dem-4202	77	15	stochastic	stochastic	ADJ
dem-4202	77	16	process	process	NOUN
dem-4202	77	17	of	of	ADP
dem-4202	77	18	state	state	PROPN
dem-4202	77	19	variable	variable	PROPN
dem-4202	77	20	st	st	PROPN
dem-4202	77	21	,	,	PUNCT
dem-4202	77	22	which	which	PRON
dem-4202	77	23	is	be	AUX
dem-4202	77	24	assumed	assume	VERB
dem-4202	77	25	to	to	PART
dem-4202	77	26	be	be	AUX
dem-4202	77	27	a	a	DET
dem-4202	77	28	homogeneous	homogeneous	ADJ
dem-4202	77	29	markov	markov	NOUN
dem-4202	77	30	chain	chain	NOUN
dem-4202	77	31	of	of	ADP
dem-4202	77	32	two	two	NUM
dem-4202	77	33	states	state	NOUN
dem-4202	77	34	and	and	CCONJ
dem-4202	77	35	proper	proper	ADJ
dem-4202	77	36	matrix	matrix	NOUN
dem-4202	77	37	of	of	ADP
dem-4202	77	38	transition	transition	NOUN
dem-4202	77	39	probabilities	probability	NOUN
dem-4202	77	40	between	between	ADP
dem-4202	77	41	states	state	NOUN
dem-4202	77	42	.	.	PUNCT
dem-4202	78	1	a	a	DET
dem-4202	78	2	constant	constant	ADJ
dem-4202	78	3	and	and	CCONJ
dem-4202	78	4	unconditional	unconditional	ADJ
dem-4202	78	5	error	error	NOUN
dem-4202	78	6	variance	variance	NOUN
dem-4202	78	7	are	be	AUX
dem-4202	78	8	parameter	parameter	NOUN
dem-4202	78	9	which	which	PRON
dem-4202	78	10	depends	depend	VERB
dem-4202	78	11	on	on	ADP
dem-4202	78	12	the	the	DET
dem-4202	78	13	regime	regime	NOUN
dem-4202	78	14	.	.	PUNCT
dem-4202	79	1	moreover	moreover	ADV
dem-4202	79	2	,	,	PUNCT
dem-4202	79	3	regardless	regardless	ADV
dem-4202	79	4	of	of	ADP
dem-4202	79	5	the	the	DET
dem-4202	79	6	regime	regime	NOUN
dem-4202	79	7	,	,	PUNCT
dem-4202	79	8	the	the	DET
dem-4202	79	9	average	average	NOUN
dem-4202	79	10	of	of	ADP
dem-4202	79	11	a	a	DET
dem-4202	79	12	series	series	NOUN
dem-4202	79	13	is	be	AUX
dem-4202	79	14	described	describe	VERB
dem-4202	79	15	by	by	ADP
dem-4202	79	16	ar(2	ar(2	NOUN
dem-4202	79	17	)	)	PUNCT
dem-4202	79	18	process	process	NOUN
dem-4202	79	19	,	,	PUNCT
dem-4202	79	20	whereas	whereas	SCONJ
dem-4202	79	21	,	,	PUNCT
dem-4202	79	22	garch(1;0	garch(1;0	ADJ
dem-4202	79	23	)	)	PUNCT
dem-4202	79	24	component	component	NOUN
dem-4202	79	25	is	be	AUX
dem-4202	79	26	present	present	ADJ
dem-4202	79	27	in	in	ADP
dem-4202	79	28	the	the	DET
dem-4202	79	29	variance	variance	NOUN
dem-4202	79	30	.	.	PUNCT
dem-4202	80	1	table	table	NOUN
dem-4202	80	2	4	4	NUM
dem-4202	80	3	shows	show	VERB
dem-4202	80	4	estimation	estimation	NOUN
dem-4202	80	5	results	result	NOUN
dem-4202	80	6	.	.	PUNCT
dem-4202	81	1	sylwester	sylwester	NOUN
dem-4202	81	2	bejger	bejger	NOUN
dem-4202	81	3	34	34	NUM
dem-4202	81	4	table	table	NOUN
dem-4202	81	5	4	4	NUM
dem-4202	81	6	.	.	PUNCT
dem-4202	81	7	estimation	estimation	NOUN
dem-4202	81	8	results	result	NOUN
dem-4202	81	9	ms(2)(ar(2))garch(1;0	ms(2)(ar(2))garch(1;0	NOUN
dem-4202	81	10	)	)	PUNCT
dem-4202	81	11	parameter	parameter	NOUN
dem-4202	81	12	estimation	estimation	NOUN
dem-4202	81	13	p	p	NOUN
dem-4202	81	14	-	-	PUNCT
dem-4202	81	15	value	value	NOUN
dem-4202	81	16	tests	test	NOUN
dem-4202	81	17	p11	p11	VERB
dem-4202	81	18	0.945	0.945	NUM
dem-4202	81	19	---l.og	---l.og	PUNCT
dem-4202	81	20	likelihood	likelihood	NOUN
dem-4202	81	21	-204.670	-204.670	NOUN
dem-4202	81	22	p22	p22	VERB
dem-4202	81	23	0.861	0.861	NUM
dem-4202	81	24	---r2	---r2	NUM
dem-4202	81	25	0.961	0.961	NUM
dem-4202	81	26	φ1	φ1	NOUN
dem-4202	81	27	1.290	1.290	NUM
dem-4202	81	28	0	0	NUM
dem-4202	81	29	skewness	skewness	NOUN
dem-4202	81	30	(	(	PUNCT
dem-4202	81	31	residuals	residual	NOUN
dem-4202	81	32	)	)	PUNCT
dem-4202	81	33	-0.021	-0.021	NOUN
dem-4202	82	1	φ2	φ2	VERB
dem-4202	82	2	-0.485	-0.485	NOUN
dem-4202	82	3	0	0	NUM
dem-4202	82	4	kurtosis	kurtosis	NOUN
dem-4202	82	5	(	(	PUNCT
dem-4202	82	6	residuals	residual	NOUN
dem-4202	82	7	)	)	PUNCT
dem-4202	82	8	2.680	2.680	NUM
dem-4202	83	1	β1	β1	PROPN
dem-4202	83	2	0.405	0.405	NUM
dem-4202	83	3	0.094	0.094	NUM
dem-4202	83	4	jarque	jarque	NOUN
dem-4202	83	5	-	-	PUNCT
dem-4202	83	6	bera	bera	NOUN
dem-4202	83	7	test	test	NOUN
dem-4202	83	8	(	(	PUNCT
dem-4202	83	9	residuals	residual	NOUN
dem-4202	83	10	)	)	PUNCT
dem-4202	83	11	0.326	0.326	NUM
dem-4202	83	12	(	(	PUNCT
dem-4202	83	13	0.849	0.849	NUM
dem-4202	83	14	)	)	PUNCT
dem-4202	83	15	*	*	PUNCT
dem-4202	83	16	α01	α01	NUM
dem-4202	83	17	111.216	111.216	NUM
dem-4202	83	18	0	0	NUM
dem-4202	83	19	ljung	ljung	PROPN
dem-4202	83	20	-	-	PUNCT
dem-4202	83	21	box	box	NOUN
dem-4202	83	22	test	test	NOUN
dem-4202	83	23	(	(	PUNCT
dem-4202	83	24	residuals	residual	NOUN
dem-4202	83	25	,	,	PUNCT
dem-4202	83	26	q(5	q(5	NOUN
dem-4202	83	27	)	)	PUNCT
dem-4202	83	28	)	)	PUNCT
dem-4202	83	29	3.206	3.206	NUM
dem-4202	83	30	(	(	PUNCT
dem-4202	83	31	0.668	0.668	NUM
dem-4202	83	32	)	)	PUNCT
dem-4202	83	33	α02	α02	NOUN
dem-4202	83	34	83.479	83.479	NUM
dem-4202	83	35	0	0	NUM
dem-4202	83	36	ljung	ljung	PROPN
dem-4202	83	37	-	-	PUNCT
dem-4202	83	38	box	box	NOUN
dem-4202	83	39	(	(	PUNCT
dem-4202	83	40	residuals2,q(5	residuals2,q(5	NOUN
dem-4202	83	41	)	)	PUNCT
dem-4202	83	42	)	)	PUNCT
dem-4202	84	1	4.699	4.699	NUM
dem-4202	84	2	(	(	PUNCT
dem-4202	84	3	0.454	0.454	NUM
dem-4202	84	4	)	)	PUNCT
dem-4202	84	5	β01	β01	NOUN
dem-4202	84	6	2.104	2.104	NUM
dem-4202	84	7	(	(	PUNCT
dem-4202	84	8	4.430	4.430	NUM
dem-4202	84	9	)	)	PUNCT
dem-4202	84	10	*	*	PUNCT
dem-4202	84	11	*	*	PUNCT
dem-4202	84	12	---lm	---lm	ADJ
dem-4202	84	13	autocorrelation	autocorrelation	NOUN
dem-4202	84	14	test	test	NOUN
dem-4202	84	15	0.042	0.042	NUM
dem-4202	84	16	(	(	PUNCT
dem-4202	84	17	0.837	0.837	NUM
dem-4202	84	18	)	)	PUNCT
dem-4202	84	19	β02	β02	PROPN
dem-4202	84	20	3.497	3.497	NUM
dem-4202	84	21	(	(	PUNCT
dem-4202	84	22	12.230	12.230	NUM
dem-4202	84	23	)	)	PUNCT
dem-4202	84	24	*	*	PUNCT
dem-4202	84	25	*	*	PUNCT
dem-4202	84	26	---lm	---lm	ADJ
dem-4202	84	27	neglected	neglect	VERB
dem-4202	84	28	arch	arch	ADJ
dem-4202	84	29	test	test	NOUN
dem-4202	84	30	4.014	4.014	NUM
dem-4202	84	31	(	(	PUNCT
dem-4202	84	32	0.547	0.547	NUM
dem-4202	84	33	)	)	PUNCT
dem-4202	84	34	note	note	NOUN
dem-4202	84	35	:	:	PUNCT
dem-4202	84	36	*	*	PUNCT
dem-4202	84	37	p	p	X
dem-4202	84	38	-	-	PUNCT
dem-4202	84	39	values	value	NOUN
dem-4202	84	40	in	in	ADP
dem-4202	84	41	brackets	bracket	NOUN
dem-4202	84	42	,	,	PUNCT
dem-4202	84	43	*	*	PUNCT
dem-4202	84	44	*	*	PUNCT
dem-4202	84	45	variance	variance	NOUN
dem-4202	84	46	the	the	DET
dem-4202	84	47	most	most	ADV
dem-4202	84	48	essential	essential	ADJ
dem-4202	84	49	question	question	NOUN
dem-4202	84	50	is	be	AUX
dem-4202	84	51	whether	whether	SCONJ
dem-4202	84	52	the	the	DET
dem-4202	84	53	proposed	propose	VERB
dem-4202	84	54	model	model	NOUN
dem-4202	84	55	may	may	AUX
dem-4202	84	56	serve	serve	VERB
dem-4202	84	57	the	the	DET
dem-4202	84	58	assumed	assumed	ADJ
dem-4202	84	59	objective	objective	NOUN
dem-4202	84	60	,	,	PUNCT
dem-4202	84	61	i.e.	i.e.	X
dem-4202	84	62	collusion	collusion	NOUN
dem-4202	84	63	detection	detection	NOUN
dem-4202	84	64	.	.	PUNCT
dem-4202	85	1	it	it	PRON
dem-4202	85	2	can	can	AUX
dem-4202	85	3	be	be	AUX
dem-4202	85	4	estimated	estimate	VERB
dem-4202	85	5	on	on	ADP
dem-4202	85	6	the	the	DET
dem-4202	85	7	basis	basis	NOUN
dem-4202	85	8	of	of	ADP
dem-4202	85	9	precision	precision	NOUN
dem-4202	85	10	of	of	ADP
dem-4202	85	11	regime	regime	NOUN
dem-4202	85	12	detection	detection	NOUN
dem-4202	85	13	.	.	PUNCT
dem-4202	86	1	figure	figure	NOUN
dem-4202	86	2	1	1	NUM
dem-4202	86	3	shows	show	VERB
dem-4202	86	4	the	the	DET
dem-4202	86	5	values	value	NOUN
dem-4202	86	6	of	of	ADP
dem-4202	86	7	the	the	DET
dem-4202	86	8	observed	observe	VERB
dem-4202	86	9	variable	variable	NOUN
dem-4202	86	10	and	and	CCONJ
dem-4202	86	11	smoothed	smoothed	ADJ
dem-4202	86	12	probabilities	probability	NOUN
dem-4202	86	13	for	for	ADP
dem-4202	86	14	regime	regime	NOUN
dem-4202	86	15	1	1	NUM
dem-4202	86	16	(	(	PUNCT
dem-4202	86	17	i.e.	i.e.	X
dem-4202	86	18	conditional	conditional	ADJ
dem-4202	86	19	probabilities	probability	NOUN
dem-4202	86	20	of	of	ADP
dem-4202	86	21	the	the	DET
dem-4202	86	22	process	process	NOUN
dem-4202	86	23	is	be	AUX
dem-4202	86	24	in	in	ADP
dem-4202	86	25	state	state	NOUN
dem-4202	86	26	s1	s1	NOUN
dem-4202	86	27	,	,	PUNCT
dem-4202	86	28	while	while	SCONJ
dem-4202	86	29	taking	take	VERB
dem-4202	86	30	into	into	ADP
dem-4202	86	31	account	account	NOUN
dem-4202	86	32	information	information	NOUN
dem-4202	86	33	from	from	ADP
dem-4202	86	34	the	the	DET
dem-4202	86	35	entire	entire	ADJ
dem-4202	86	36	sample	sample	NOUN
dem-4202	86	37	)	)	PUNCT
dem-4202	86	38	respectively	respectively	ADV
dem-4202	86	39	,	,	PUNCT
dem-4202	86	40	together	together	ADV
dem-4202	86	41	with	with	ADP
dem-4202	86	42	marked	mark	VERB
dem-4202	86	43	collusion	collusion	NOUN
dem-4202	86	44	phases	phase	NOUN
dem-4202	86	45	.	.	PUNCT
dem-4202	87	1	figure	figure	VERB
dem-4202	87	2	1	1	NUM
dem-4202	87	3	.	.	PUNCT
dem-4202	87	4	lysine	lysine	NOUN
dem-4202	87	5	prices	price	NOUN
dem-4202	87	6	and	and	CCONJ
dem-4202	87	7	smoothed	smooth	VERB
dem-4202	87	8	probabilities	probability	NOUN
dem-4202	87	9	econometric	econometric	ADJ
dem-4202	87	10	tools	tool	NOUN
dem-4202	87	11	for	for	ADP
dem-4202	87	12	detection	detection	NOUN
dem-4202	87	13	of	of	ADP
dem-4202	87	14	collusion	collusion	NOUN
dem-4202	87	15	equilibrium	equilibrium	NOUN
dem-4202	87	16	in	in	ADP
dem-4202	87	17	the	the	DET
dem-4202	87	18	industry	industry	NOUN
dem-4202	87	19	35	35	NUM
dem-4202	87	20	one	one	PRON
dem-4202	87	21	can	can	AUX
dem-4202	87	22	notice	notice	VERB
dem-4202	87	23	significant	significant	ADJ
dem-4202	87	24	conformity	conformity	NOUN
dem-4202	87	25	of	of	ADP
dem-4202	87	26	changes	change	NOUN
dem-4202	87	27	detected	detect	VERB
dem-4202	87	28	by	by	ADP
dem-4202	87	29	the	the	DET
dem-4202	87	30	model	model	NOUN
dem-4202	87	31	in	in	ADP
dem-4202	87	32	the	the	DET
dem-4202	87	33	variance	variance	NOUN
dem-4202	87	34	regime	regime	NOUN
dem-4202	87	35	and	and	CCONJ
dem-4202	87	36	the	the	DET
dem-4202	87	37	average	average	NOUN
dem-4202	87	38	with	with	ADP
dem-4202	87	39	the	the	DET
dem-4202	87	40	observed	observe	VERB
dem-4202	87	41	collusion	collusion	NOUN
dem-4202	87	42	phases	phase	NOUN
dem-4202	87	43	(	(	PUNCT
dem-4202	87	44	particularly	particularly	ADV
dem-4202	87	45	in	in	ADP
dem-4202	87	46	the	the	DET
dem-4202	87	47	case	case	NOUN
dem-4202	87	48	of	of	ADP
dem-4202	87	49	phase	phase	NOUN
dem-4202	87	50	2	2	NUM
dem-4202	87	51	which	which	PRON
dem-4202	87	52	is	be	AUX
dem-4202	87	53	detected	detect	VERB
dem-4202	87	54	almost	almost	ADV
dem-4202	87	55	ideally	ideally	ADV
dem-4202	87	56	)	)	PUNCT
dem-4202	87	57	.	.	PUNCT
dem-4202	88	1	the	the	DET
dem-4202	88	2	values	value	NOUN
dem-4202	88	3	of	of	ADP
dem-4202	88	4	the	the	DET
dem-4202	88	5	average	average	ADJ
dem-4202	88	6	variance	variance	NOUN
dem-4202	88	7	of	of	ADP
dem-4202	88	8	an	an	DET
dem-4202	88	9	error	error	NOUN
dem-4202	88	10	term	term	NOUN
dem-4202	88	11	in	in	ADP
dem-4202	88	12	regime	regime	NOUN
dem-4202	88	13	1	1	NUM
dem-4202	88	14	is	be	AUX
dem-4202	88	15	more	more	ADJ
dem-4202	88	16	than	than	ADP
dem-4202	88	17	2.5	2.5	NUM
dem-4202	88	18	times	time	NOUN
dem-4202	88	19	bigger	big	ADJ
dem-4202	88	20	than	than	ADP
dem-4202	88	21	in	in	ADP
dem-4202	88	22	regime	regime	NOUN
dem-4202	88	23	2	2	NUM
dem-4202	88	24	which	which	PRON
dem-4202	88	25	is	be	AUX
dem-4202	88	26	consistent	consistent	ADJ
dem-4202	88	27	with	with	ADP
dem-4202	88	28	the	the	DET
dem-4202	88	29	assumed	assumed	ADJ
dem-4202	88	30	theoretical	theoretical	ADJ
dem-4202	88	31	hypothesis	hypothesis	NOUN
dem-4202	88	32	.	.	PUNCT
dem-4202	89	1	probabilities	probability	NOUN
dem-4202	89	2	pii	pii	VERB
dem-4202	89	3	of	of	ADP
dem-4202	89	4	maintaining	maintain	VERB
dem-4202	89	5	in	in	ADP
dem-4202	89	6	the	the	DET
dem-4202	89	7	“	"	PUNCT
dem-4202	89	8	competition	competition	NOUN
dem-4202	89	9	”	"	PUNCT
dem-4202	89	10	and	and	CCONJ
dem-4202	89	11	“	"	PUNCT
dem-4202	89	12	collusion	collusion	NOUN
dem-4202	89	13	”	"	PUNCT
dem-4202	89	14	states	state	NOUN
dem-4202	89	15	are	be	AUX
dem-4202	89	16	high	high	ADJ
dem-4202	89	17	,	,	PUNCT
dem-4202	89	18	which	which	PRON
dem-4202	89	19	well	well	ADV
dem-4202	89	20	replicates	replicate	VERB
dem-4202	89	21	the	the	DET
dem-4202	89	22	structure	structure	NOUN
dem-4202	89	23	of	of	ADP
dem-4202	89	24	profile	profile	NOUN
dem-4202	89	25	of	of	ADP
dem-4202	89	26	the	the	DET
dem-4202	89	27	equilibrium	equilibrium	NOUN
dem-4202	89	28	supergame	supergame	NOUN
dem-4202	89	29	strategies	strategy	NOUN
dem-4202	89	30	.	.	PUNCT
dem-4202	90	1	unfortunately	unfortunately	ADV
dem-4202	90	2	,	,	PUNCT
dem-4202	90	3	this	this	DET
dem-4202	90	4	model	model	NOUN
dem-4202	90	5	does	do	AUX
dem-4202	90	6	not	not	PART
dem-4202	90	7	detect	detect	VERB
dem-4202	90	8	a	a	DET
dem-4202	90	9	regime	regime	NOUN
dem-4202	90	10	change	change	NOUN
dem-4202	90	11	for	for	ADP
dem-4202	90	12	other	other	ADJ
dem-4202	90	13	periods	period	NOUN
dem-4202	90	14	,	,	PUNCT
dem-4202	90	15	which	which	PRON
dem-4202	90	16	is	be	AUX
dem-4202	90	17	connected	connect	VERB
dem-4202	90	18	with	with	ADP
dem-4202	90	19	the	the	DET
dem-4202	90	20	fact	fact	NOUN
dem-4202	90	21	that	that	SCONJ
dem-4202	90	22	both	both	CCONJ
dem-4202	90	23	the	the	DET
dem-4202	90	24	constant	constant	ADJ
dem-4202	90	25	and	and	CCONJ
dem-4202	90	26	variance	variance	NOUN
dem-4202	90	27	undergo	undergo	NOUN
dem-4202	90	28	changes	change	NOUN
dem-4202	90	29	.	.	PUNCT
dem-4202	91	1	although	although	SCONJ
dem-4202	91	2	the	the	DET
dem-4202	91	3	estimation	estimation	NOUN
dem-4202	91	4	of	of	ADP
dem-4202	91	5	the	the	DET
dem-4202	91	6	value	value	NOUN
dem-4202	91	7	of	of	ADP
dem-4202	91	8	the	the	DET
dem-4202	91	9	constant	constant	NOUN
dem-4202	91	10	for	for	ADP
dem-4202	91	11	the	the	DET
dem-4202	91	12	low	low	ADJ
dem-4202	91	13	variance	variance	NOUN
dem-4202	91	14	regime	regime	NOUN
dem-4202	91	15	(	(	PUNCT
dem-4202	91	16	collusion	collusion	NOUN
dem-4202	91	17	phase	phase	NOUN
dem-4202	91	18	)	)	PUNCT
dem-4202	91	19	is	be	AUX
dem-4202	91	20	significantly	significantly	ADV
dem-4202	91	21	higher	high	ADJ
dem-4202	91	22	than	than	ADP
dem-4202	91	23	for	for	ADP
dem-4202	91	24	the	the	DET
dem-4202	91	25	competition	competition	NOUN
dem-4202	91	26	regime	regime	NOUN
dem-4202	91	27	,	,	PUNCT
dem-4202	91	28	which	which	PRON
dem-4202	91	29	may	may	AUX
dem-4202	91	30	be	be	AUX
dem-4202	91	31	confirmed	confirm	VERB
dem-4202	91	32	by	by	ADP
dem-4202	91	33	traditional	traditional	ADJ
dem-4202	91	34	understanding	understanding	NOUN
dem-4202	91	35	of	of	ADP
dem-4202	91	36	price	price	NOUN
dem-4202	91	37	collusion	collusion	NOUN
dem-4202	91	38	,	,	PUNCT
dem-4202	91	39	however	however	ADV
dem-4202	91	40	,	,	PUNCT
dem-4202	91	41	on	on	ADP
dem-4202	91	42	the	the	DET
dem-4202	91	43	basis	basis	NOUN
dem-4202	91	44	of	of	ADP
dem-4202	91	45	regimes	regime	NOUN
dem-4202	91	46	,	,	PUNCT
dem-4202	91	47	generally	generally	ADV
dem-4202	91	48	speaking	speak	VERB
dem-4202	91	49	,	,	PUNCT
dem-4202	91	50	the	the	DET
dem-4202	91	51	average	average	ADJ
dem-4202	91	52	price	price	NOUN
dem-4202	91	53	level	level	NOUN
dem-4202	91	54	,	,	PUNCT
dem-4202	91	55	one	one	PRON
dem-4202	91	56	can	can	AUX
dem-4202	91	57	not	not	PART
dem-4202	91	58	unambiguously	unambiguously	ADV
dem-4202	91	59	draw	draw	VERB
dem-4202	91	60	conclusions	conclusion	NOUN
dem-4202	91	61	concerning	concern	VERB
dem-4202	91	62	the	the	DET
dem-4202	91	63	type	type	NOUN
dem-4202	91	64	of	of	ADP
dem-4202	91	65	equilibrium	equilibrium	NOUN
dem-4202	91	66	,	,	PUNCT
dem-4202	91	67	without	without	ADP
dem-4202	91	68	additional	additional	ADJ
dem-4202	91	69	statistical	statistical	ADJ
dem-4202	91	70	information	information	NOUN
dem-4202	91	71	e.g.	e.g.	ADV
dem-4202	91	72	on	on	ADP
dem-4202	91	73	demand	demand	NOUN
dem-4202	91	74	level	level	NOUN
dem-4202	91	75	.	.	PUNCT
dem-4202	92	1	figure	figure	NOUN
dem-4202	92	2	2	2	NUM
dem-4202	92	3	presents	present	VERB
dem-4202	92	4	the	the	DET
dem-4202	92	5	comparison	comparison	NOUN
dem-4202	92	6	of	of	ADP
dem-4202	92	7	price	price	NOUN
dem-4202	92	8	levels	level	NOUN
dem-4202	92	9	and	and	CCONJ
dem-4202	92	10	smoothed	smooth	VERB
dem-4202	92	11	probabilities	probability	NOUN
dem-4202	92	12	for	for	ADP
dem-4202	92	13	the	the	DET
dem-4202	92	14	model	model	NOUN
dem-4202	92	15	which	which	PRON
dem-4202	92	16	is	be	AUX
dem-4202	92	17	not	not	PART
dem-4202	92	18	so	so	ADV
dem-4202	92	19	well	well	ADV
dem-4202	92	20	fitted	fit	VERB
dem-4202	92	21	(	(	PUNCT
dem-4202	92	22	with	with	ADP
dem-4202	92	23	switching	switch	VERB
dem-4202	92	24	exclusively	exclusively	ADV
dem-4202	92	25	in	in	ADP
dem-4202	92	26	variance	variance	NOUN
dem-4202	92	27	)	)	PUNCT
dem-4202	92	28	but	but	CCONJ
dem-4202	92	29	which	which	DET
dem-4202	92	30	detects	detect	NOUN
dem-4202	92	31	particular	particular	ADJ
dem-4202	92	32	phases	phase	NOUN
dem-4202	92	33	in	in	ADP
dem-4202	92	34	more	more	ADV
dem-4202	92	35	unambiguous	unambiguous	ADJ
dem-4202	92	36	manner7	manner7	NOUN
dem-4202	92	37	.	.	PUNCT
dem-4202	93	1	figure	figure	NOUN
dem-4202	93	2	2	2	NUM
dem-4202	93	3	.	.	PUNCT
dem-4202	93	4	lysine	lysine	NOUN
dem-4202	93	5	prices	price	NOUN
dem-4202	93	6	and	and	CCONJ
dem-4202	93	7	smoothed	smoothed	ADJ
dem-4202	93	8	probabilities	probability	NOUN
dem-4202	93	9	7	7	NUM
dem-4202	93	10	autoregressive	autoregressive	ADJ
dem-4202	93	11	component	component	NOUN
dem-4202	93	12	in	in	ADP
dem-4202	93	13	switching	switch	VERB
dem-4202	93	14	model	model	NOUN
dem-4202	93	15	could	could	AUX
dem-4202	93	16	bias	bias	VERB
dem-4202	93	17	signal	signal	NOUN
dem-4202	93	18	of	of	ADP
dem-4202	93	19	filtered	filter	VERB
dem-4202	93	20	probabilities	probability	NOUN
dem-4202	93	21	if	if	SCONJ
dem-4202	93	22	corrects	correct	NOUN
dem-4202	93	23	other	other	ADJ
dem-4202	93	24	then	then	ADV
dem-4202	93	25	gaussian	gaussian	ADJ
dem-4202	93	26	disturbances	disturbance	NOUN
dem-4202	93	27	of	of	ADP
dem-4202	93	28	error	error	NOUN
dem-4202	93	29	term	term	NOUN
dem-4202	93	30	.	.	PUNCT
dem-4202	94	1	see	see	VERB
dem-4202	94	2	lahiri	lahiri	PROPN
dem-4202	94	3	,	,	PUNCT
dem-4202	94	4	whang	whang	PROPN
dem-4202	94	5	,	,	PUNCT
dem-4202	94	6	(	(	PUNCT
dem-4202	94	7	1994	1994	NUM
dem-4202	94	8	)	)	PUNCT
dem-4202	94	9	.	.	PUNCT
dem-4202	95	1	sylwester	sylwester	NOUN
dem-4202	95	2	bejger	bejger	VERB
dem-4202	95	3	36	36	NUM
dem-4202	95	4	specification	specification	NOUN
dem-4202	95	5	for	for	ADP
dem-4202	95	6	this	this	DET
dem-4202	95	7	model	model	NOUN
dem-4202	95	8	is	be	AUX
dem-4202	95	9	ms(2)-ar(1	ms(2)-ar(1	PROPN
dem-4202	95	10	)	)	PUNCT
dem-4202	95	11	,	,	PUNCT
dem-4202	95	12	table	table	NOUN
dem-4202	95	13	5	5	NUM
dem-4202	95	14	presents	present	VERB
dem-4202	95	15	the	the	DET
dem-4202	95	16	estimation	estimation	NOUN
dem-4202	95	17	of	of	ADP
dem-4202	95	18	parameters	parameter	NOUN
dem-4202	95	19	.	.	PUNCT
dem-4202	96	1	table	table	NOUN
dem-4202	96	2	5	5	NUM
dem-4202	96	3	.	.	PUNCT
dem-4202	97	1	estimation	estimation	NOUN
dem-4202	97	2	results	result	VERB
dem-4202	97	3	ms(2)-(ar(2	ms(2)-(ar(2	NOUN
dem-4202	97	4	)	)	PUNCT
dem-4202	97	5	)	)	PUNCT
dem-4202	97	6	parameter	parameter	NOUN
dem-4202	97	7	estimation	estimation	NOUN
dem-4202	97	8	p	p	NOUN
dem-4202	97	9	-	-	PUNCT
dem-4202	97	10	value	value	NOUN
dem-4202	97	11	tests	test	NOUN
dem-4202	97	12	p11	p11	VERB
dem-4202	97	13	0.683	0.683	NUM
dem-4202	97	14	---l.og	---l.og	ADP
dem-4202	97	15	likelihood	likelihood	NOUN
dem-4202	97	16	-236.450	-236.450	PUNCT
dem-4202	97	17	p22	p22	NOUN
dem-4202	97	18	0.967	0.967	NUM
dem-4202	97	19	---r2	---r2	NUM
dem-4202	97	20	0.851	0.851	NUM
dem-4202	97	21	φ1	φ1	PROPN
dem-4202	97	22	0.946	0.946	NUM
dem-4202	97	23	0	0	NUM
dem-4202	97	24	skewness	skewness	NOUN
dem-4202	97	25	(	(	PUNCT
dem-4202	97	26	residuals	residual	NOUN
dem-4202	97	27	)	)	PUNCT
dem-4202	97	28	-0.115	-0.115	PUNCT
dem-4202	98	1	α0	α0	ADJ
dem-4202	98	2	104.641	104.641	NUM
dem-4202	98	3	0	0	NUM
dem-4202	98	4	kurtosis	kurtosis	NOUN
dem-4202	98	5	(	(	PUNCT
dem-4202	98	6	residuals	residual	NOUN
dem-4202	98	7	)	)	PUNCT
dem-4202	98	8	2.452	2.452	NUM
dem-4202	98	9	β01	β01	NOUN
dem-4202	98	10	0.433	0.433	NUM
dem-4202	98	11	(	(	PUNCT
dem-4202	98	12	0.187	0.187	NUM
dem-4202	98	13	)	)	PUNCT
dem-4202	98	14	*	*	PUNCT
dem-4202	98	15	*	*	PUNCT
dem-4202	98	16	jarque	jarque	NOUN
dem-4202	98	17	-	-	PUNCT
dem-4202	98	18	bera	bera	NOUN
dem-4202	98	19	test	test	NOUN
dem-4202	98	20	(	(	PUNCT
dem-4202	98	21	residuals	residual	NOUN
dem-4202	98	22	)	)	PUNCT
dem-4202	98	23	1.134	1.134	NUM
dem-4202	98	24	(	(	PUNCT
dem-4202	98	25	0.567	0.567	NUM
dem-4202	98	26	)	)	PUNCT
dem-4202	98	27	β02	β02	PROPN
dem-4202	98	28	5.911	5.911	NUM
dem-4202	98	29	(	(	PUNCT
dem-4202	98	30	34.939	34.939	NUM
dem-4202	98	31	)	)	PUNCT
dem-4202	98	32	*	*	PUNCT
dem-4202	99	1	*	*	PUNCT
dem-4202	99	2	ljung	ljung	PROPN
dem-4202	99	3	-	-	PUNCT
dem-4202	99	4	box	box	NOUN
dem-4202	99	5	test	test	NOUN
dem-4202	99	6	(	(	PUNCT
dem-4202	99	7	residuals	residual	NOUN
dem-4202	99	8	,	,	PUNCT
dem-4202	99	9	q(5	q(5	NOUN
dem-4202	99	10	)	)	PUNCT
dem-4202	99	11	)	)	PUNCT
dem-4202	100	1	50.078	50.078	NUM
dem-4202	100	2	(	(	PUNCT
dem-4202	100	3	0.000	0.000	NUM
dem-4202	100	4	)	)	PUNCT
dem-4202	100	5	ljung	ljung	PROPN
dem-4202	100	6	-	-	PUNCT
dem-4202	100	7	box	box	NOUN
dem-4202	100	8	(	(	PUNCT
dem-4202	100	9	residuals2,q(5	residuals2,q(5	NOUN
dem-4202	100	10	)	)	PUNCT
dem-4202	100	11	)	)	PUNCT
dem-4202	101	1	16.650	16.650	NUM
dem-4202	101	2	(	(	PUNCT
dem-4202	101	3	0.005	0.005	NUM
dem-4202	101	4	)	)	PUNCT
dem-4202	101	5	lm	lm	X
dem-4202	101	6	autocorrelation	autocorrelation	NOUN
dem-4202	101	7	test	test	NOUN
dem-4202	101	8	11.832	11.832	NUM
dem-4202	101	9	(	(	PUNCT
dem-4202	101	10	0.001	0.001	NUM
dem-4202	101	11	)	)	PUNCT
dem-4202	101	12	lm	lm	NOUN
dem-4202	101	13	neglected	neglect	VERB
dem-4202	101	14	arch	arch	ADJ
dem-4202	101	15	test	test	NOUN
dem-4202	101	16	12.179	12.179	NUM
dem-4202	101	17	(	(	PUNCT
dem-4202	101	18	0.032	0.032	NUM
dem-4202	101	19	)	)	PUNCT
dem-4202	101	20	note	note	NOUN
dem-4202	101	21	:	:	PUNCT
dem-4202	101	22	*	*	PUNCT
dem-4202	101	23	p	p	X
dem-4202	101	24	-	-	PUNCT
dem-4202	101	25	values	value	NOUN
dem-4202	101	26	in	in	ADP
dem-4202	101	27	brackets	bracket	NOUN
dem-4202	101	28	,	,	PUNCT
dem-4202	101	29	*	*	PUNCT
dem-4202	101	30	*	*	PUNCT
dem-4202	101	31	variance	variance	NOUN
dem-4202	101	32	this	this	DET
dem-4202	101	33	model	model	NOUN
dem-4202	101	34	regarding	regard	VERB
dem-4202	101	35	the	the	DET
dem-4202	101	36	detection	detection	NOUN
dem-4202	101	37	of	of	ADP
dem-4202	101	38	equilibrium	equilibrium	NOUN
dem-4202	101	39	types	type	NOUN
dem-4202	101	40	on	on	ADP
dem-4202	101	41	the	the	DET
dem-4202	101	42	basis	basis	NOUN
dem-4202	101	43	of	of	ADP
dem-4202	101	44	variance	variance	NOUN
dem-4202	101	45	is	be	AUX
dem-4202	101	46	closer	close	ADJ
dem-4202	101	47	to	to	ADP
dem-4202	101	48	the	the	DET
dem-4202	101	49	actually	actually	ADV
dem-4202	101	50	observed	observe	VERB
dem-4202	101	51	cartel	cartel	NOUN
dem-4202	101	52	history	history	NOUN
dem-4202	101	53	.	.	PUNCT
dem-4202	102	1	first	first	ADV
dem-4202	102	2	of	of	ADP
dem-4202	102	3	all	all	PRON
dem-4202	102	4	,	,	PUNCT
dem-4202	102	5	the	the	DET
dem-4202	102	6	average	average	ADJ
dem-4202	102	7	length	length	NOUN
dem-4202	102	8	of	of	ADP
dem-4202	102	9	staying	stay	VERB
dem-4202	102	10	in	in	ADP
dem-4202	102	11	each	each	DET
dem-4202	102	12	regime	regime	NOUN
dem-4202	102	13	1)1	1)1	NUM
dem-4202	102	14	(	(	PUNCT
dem-4202	102	15	−−=	−−=	PROPN
dem-4202	102	16	iist	iist	PROPN
dem-4202	102	17	pd	pd	PROPN
dem-4202	102	18	is	be	AUX
dem-4202	102	19	consistent	consistent	ADJ
dem-4202	102	20	with	with	ADP
dem-4202	102	21	the	the	DET
dem-4202	102	22	history	history	NOUN
dem-4202	102	23	as	as	ADV
dem-4202	102	24	far	far	ADV
dem-4202	102	25	as	as	SCONJ
dem-4202	102	26	proportion	proportion	NOUN
dem-4202	102	27	is	be	AUX
dem-4202	102	28	concerned	concern	VERB
dem-4202	102	29	,	,	PUNCT
dem-4202	102	30	the	the	DET
dem-4202	102	31	probability	probability	NOUN
dem-4202	102	32	of	of	ADP
dem-4202	102	33	switching	switch	VERB
dem-4202	102	34	from	from	ADP
dem-4202	102	35	the	the	DET
dem-4202	102	36	competition	competition	NOUN
dem-4202	102	37	phase	phase	NOUN
dem-4202	102	38	to	to	ADP
dem-4202	102	39	the	the	DET
dem-4202	102	40	collusion	collusion	NOUN
dem-4202	102	41	phase	phase	NOUN
dem-4202	102	42	is	be	AUX
dem-4202	102	43	higher	high	ADJ
dem-4202	102	44	and	and	CCONJ
dem-4202	102	45	collusion	collusion	NOUN
dem-4202	102	46	stability	stability	NOUN
dem-4202	102	47	is	be	AUX
dem-4202	102	48	lower	low	ADJ
dem-4202	102	49	.	.	PUNCT
dem-4202	103	1	if	if	SCONJ
dem-4202	103	2	we	we	PRON
dem-4202	103	3	compare	compare	VERB
dem-4202	103	4	both	both	DET
dem-4202	103	5	models	model	NOUN
dem-4202	103	6	in	in	ADP
dem-4202	103	7	term	term	NOUN
dem-4202	103	8	of	of	ADP
dem-4202	103	9	value	value	NOUN
dem-4202	103	10	iip	iip	PROPN
dem-4202	103	11	it	it	PRON
dem-4202	103	12	turns	turn	VERB
dem-4202	103	13	out	out	ADP
dem-4202	103	14	that	that	DET
dem-4202	103	15	model	model	NOUN
dem-4202	103	16	2	2	NUM
dem-4202	103	17	is	be	AUX
dem-4202	103	18	more	more	ADV
dem-4202	103	19	consistent	consistent	ADJ
dem-4202	103	20	with	with	ADP
dem-4202	103	21	the	the	DET
dem-4202	103	22	collusion	collusion	NOUN
dem-4202	103	23	history	history	NOUN
dem-4202	103	24	(	(	PUNCT
dem-4202	103	25	the	the	DET
dem-4202	103	26	average	average	ADJ
dem-4202	103	27	collusion	collusion	NOUN
dem-4202	103	28	phase	phase	NOUN
dem-4202	103	29	is	be	AUX
dem-4202	103	30	3.1	3.1	NUM
dem-4202	103	31	month	month	NOUN
dem-4202	103	32	long	long	ADV
dem-4202	103	33	,	,	PUNCT
dem-4202	103	34	whereas	whereas	SCONJ
dem-4202	103	35	in	in	ADP
dem-4202	103	36	the	the	DET
dem-4202	103	37	case	case	NOUN
dem-4202	103	38	of	of	ADP
dem-4202	103	39	model	model	NOUN
dem-4202	103	40	1	1	NUM
dem-4202	103	41	it	it	PRON
dem-4202	103	42	is	be	AUX
dem-4202	103	43	16	16	NUM
dem-4202	103	44	months	month	NOUN
dem-4202	103	45	long	long	ADJ
dem-4202	103	46	)	)	PUNCT
dem-4202	103	47	6	6	NUM
dem-4202	103	48	.	.	X
dem-4202	104	1	summary	summary	VERB
dem-4202	104	2	the	the	DET
dem-4202	104	3	markov	markov	NOUN
dem-4202	104	4	switching	switch	VERB
dem-4202	104	5	model	model	NOUN
dem-4202	104	6	with	with	ADP
dem-4202	104	7	the	the	DET
dem-4202	104	8	switching	switch	VERB
dem-4202	104	9	component	component	NOUN
dem-4202	104	10	in	in	ADP
dem-4202	104	11	variance	variance	NOUN
dem-4202	104	12	and/or	and/or	CCONJ
dem-4202	104	13	garch	garch	NOUN
dem-4202	104	14	process	process	NOUN
dem-4202	104	15	parameters	parameter	NOUN
dem-4202	104	16	has	have	AUX
dem-4202	104	17	unquestionable	unquestionable	ADJ
dem-4202	104	18	theoretical	theoretical	ADJ
dem-4202	104	19	advantages	advantage	NOUN
dem-4202	104	20	when	when	SCONJ
dem-4202	104	21	it	it	PRON
dem-4202	104	22	comes	come	VERB
dem-4202	104	23	collusion	collusion	NOUN
dem-4202	104	24	detection	detection	NOUN
dem-4202	104	25	on	on	ADP
dem-4202	104	26	the	the	DET
dem-4202	104	27	basis	basis	NOUN
dem-4202	104	28	of	of	ADP
dem-4202	104	29	variance	variance	NOUN
dem-4202	104	30	changes	change	NOUN
dem-4202	104	31	in	in	ADP
dem-4202	104	32	the	the	DET
dem-4202	104	33	market	market	NOUN
dem-4202	104	34	price	price	NOUN
dem-4202	104	35	.	.	PUNCT
dem-4202	105	1	on	on	ADP
dem-4202	105	2	the	the	DET
dem-4202	105	3	basis	basis	NOUN
dem-4202	105	4	of	of	ADP
dem-4202	105	5	the	the	DET
dem-4202	105	6	empirical	empirical	ADJ
dem-4202	105	7	research	research	NOUN
dem-4202	105	8	,	,	PUNCT
dem-4202	105	9	the	the	DET
dem-4202	105	10	correctness	correctness	NOUN
dem-4202	105	11	of	of	ADP
dem-4202	105	12	the	the	DET
dem-4202	105	13	detection	detection	NOUN
dem-4202	105	14	may	may	AUX
dem-4202	105	15	be	be	AUX
dem-4202	105	16	found	find	VERB
dem-4202	105	17	at	at	ADP
dem-4202	105	18	least	least	ADJ
dem-4202	105	19	in	in	ADP
dem-4202	105	20	respect	respect	NOUN
dem-4202	105	21	to	to	ADP
dem-4202	105	22	variance	variance	NOUN
dem-4202	105	23	regimes	regime	NOUN
dem-4202	105	24	.	.	PUNCT
dem-4202	106	1	the	the	DET
dem-4202	106	2	model	model	NOUN
dem-4202	106	3	in	in	ADP
dem-4202	106	4	specification	specification	NOUN
dem-4202	106	5	that	that	PRON
dem-4202	106	6	is	be	AUX
dem-4202	106	7	more	more	ADV
dem-4202	106	8	advantageous	advantageous	ADJ
dem-4202	106	9	in	in	ADP
dem-4202	106	10	terms	term	NOUN
dem-4202	106	11	of	of	ADP
dem-4202	106	12	process	process	NOUN
dem-4202	106	13	replication	replication	NOUN
dem-4202	106	14	in	in	ADP
dem-4202	106	15	better	well	ADV
dem-4202	106	16	adjusted	adjust	VERB
dem-4202	106	17	to	to	ADP
dem-4202	106	18	data	datum	NOUN
dem-4202	106	19	than	than	ADP
dem-4202	106	20	models	model	NOUN
dem-4202	106	21	used	use	VERB
dem-4202	106	22	in	in	ADP
dem-4202	106	23	bcm	bcm	NOUN
dem-4202	106	24	work	work	NOUN
dem-4202	106	25	(	(	PUNCT
dem-4202	106	26	taking	take	VERB
dem-4202	106	27	into	into	ADP
dem-4202	106	28	account	account	NOUN
dem-4202	106	29	value	value	NOUN
dem-4202	106	30	of	of	ADP
dem-4202	106	31	log	log	NOUN
dem-4202	106	32	likelihood	likelihood	NOUN
dem-4202	106	33	)	)	PUNCT
dem-4202	106	34	.	.	PUNCT
dem-4202	107	1	it	it	PRON
dem-4202	107	2	must	must	AUX
dem-4202	107	3	be	be	AUX
dem-4202	107	4	remembered	remember	VERB
dem-4202	107	5	,	,	PUNCT
dem-4202	107	6	however	however	ADV
dem-4202	107	7	,	,	PUNCT
dem-4202	107	8	that	that	SCONJ
dem-4202	107	9	empirical	empirical	ADJ
dem-4202	107	10	verification	verification	NOUN
dem-4202	107	11	was	be	AUX
dem-4202	107	12	based	base	VERB
dem-4202	107	13	on	on	ADP
dem-4202	107	14	one	one	NUM
dem-4202	107	15	,	,	PUNCT
dem-4202	107	16	although	although	SCONJ
dem-4202	107	17	unique	unique	ADJ
dem-4202	107	18	,	,	PUNCT
dem-4202	107	19	but	but	CCONJ
dem-4202	107	20	relatively	relatively	ADV
dem-4202	107	21	short	short	ADJ
dem-4202	107	22	series	series	NOUN
dem-4202	107	23	of	of	ADP
dem-4202	107	24	data	data	PROPN
dem-4202	107	25	.	.	PUNCT
dem-4202	108	1	at	at	ADP
dem-4202	108	2	the	the	DET
dem-4202	108	3	next	next	ADJ
dem-4202	108	4	stage	stage	NOUN
dem-4202	108	5	of	of	ADP
dem-4202	108	6	research	research	NOUN
dem-4202	108	7	,	,	PUNCT
dem-4202	108	8	the	the	DET
dem-4202	108	9	accepted	accept	VERB
dem-4202	108	10	method	method	NOUN
dem-4202	108	11	should	should	AUX
dem-4202	108	12	be	be	AUX
dem-4202	108	13	tested	test	VERB
dem-4202	108	14	on	on	ADP
dem-4202	108	15	other	other	ADJ
dem-4202	108	16	empirical	empirical	ADJ
dem-4202	108	17	series	series	NOUN
dem-4202	108	18	(	(	PUNCT
dem-4202	108	19	which	which	PRON
dem-4202	108	20	is	be	AUX
dem-4202	108	21	difficult	difficult	ADJ
dem-4202	108	22	due	due	ADJ
dem-4202	108	23	to	to	ADP
dem-4202	108	24	difficulties	difficulty	NOUN
dem-4202	108	25	in	in	ADP
dem-4202	108	26	obtaining	obtain	VERB
dem-4202	108	27	data	datum	NOUN
dem-4202	108	28	)	)	PUNCT
dem-4202	108	29	or	or	CCONJ
dem-4202	108	30	on	on	ADP
dem-4202	108	31	the	the	DET
dem-4202	108	32	series	series	NOUN
dem-4202	108	33	generated	generate	VERB
dem-4202	108	34	for	for	ADP
dem-4202	108	35	various	various	ADJ
dem-4202	108	36	collusion	collusion	NOUN
dem-4202	108	37	strategy	strategy	NOUN
dem-4202	108	38	profiles	profile	NOUN
dem-4202	108	39	.	.	PUNCT
dem-4202	109	1	econometric	econometric	ADJ
dem-4202	109	2	tools	tool	NOUN
dem-4202	109	3	for	for	ADP
dem-4202	109	4	detection	detection	NOUN
dem-4202	109	5	of	of	ADP
dem-4202	109	6	collusion	collusion	NOUN
dem-4202	109	7	equilibrium	equilibrium	NOUN
dem-4202	109	8	in	in	ADP
dem-4202	109	9	the	the	DET
dem-4202	109	10	industry	industry	NOUN
dem-4202	109	11	37	37	NUM
dem-4202	109	12	references	reference	NOUN
dem-4202	109	13	abrantes	abrante	NOUN
dem-4202	109	14	-	-	PUNCT
dem-4202	109	15	metz	metz	PROPN
dem-4202	109	16	,	,	PUNCT
dem-4202	109	17	r.	r.	PROPN
dem-4202	109	18	,	,	PUNCT
dem-4202	109	19	froeb	froeb	PROPN
dem-4202	109	20	,	,	PUNCT
dem-4202	109	21	l.	l.	PROPN
dem-4202	109	22	,	,	PUNCT
dem-4202	109	23	geweke	geweke	NOUN
dem-4202	109	24	,	,	PUNCT
dem-4202	109	25	j.	j.	PROPN
dem-4202	109	26	,	,	PUNCT
dem-4202	109	27	taylor	taylor	PROPN
dem-4202	109	28	,	,	PUNCT
dem-4202	109	29	c.	c.	PROPN
dem-4202	109	30	(	(	PUNCT
dem-4202	109	31	2006	2006	NUM
dem-4202	109	32	)	)	PUNCT
dem-4202	109	33	,	,	PUNCT
dem-4202	109	34	a	a	DET
dem-4202	109	35	variance	variance	NOUN
dem-4202	109	36	screen	screen	NOUN
dem-4202	109	37	for	for	ADP
dem-4202	109	38	collusion	collusion	NOUN
dem-4202	109	39	,	,	PUNCT
dem-4202	109	40	international	international	ADJ
dem-4202	109	41	journal	journal	NOUN
dem-4202	109	42	of	of	ADP
dem-4202	109	43	industrial	industrial	ADJ
dem-4202	109	44	organization	organization	NOUN
dem-4202	109	45	24	24	NUM
dem-4202	109	46	,	,	PUNCT
dem-4202	109	47	467–486	467–486	NUM
dem-4202	109	48	.	.	PUNCT
dem-4202	110	1	athey	athey	PROPN
dem-4202	110	2	,	,	PUNCT
dem-4202	110	3	s.	s.	PROPN
dem-4202	110	4	,	,	PUNCT
dem-4202	110	5	bagwell	bagwell	PROPN
dem-4202	110	6	,	,	PUNCT
dem-4202	110	7	k.	k.	PROPN
dem-4202	110	8	,	,	PUNCT
dem-4202	110	9	sanchirico	sanchirico	PROPN
dem-4202	110	10	,	,	PUNCT
dem-4202	110	11	c.	c.	NOUN
dem-4202	110	12	(	(	PUNCT
dem-4202	110	13	2004	2004	NUM
dem-4202	110	14	)	)	PUNCT
dem-4202	110	15	,	,	PUNCT
dem-4202	110	16	collusion	collusion	NOUN
dem-4202	110	17	and	and	CCONJ
dem-4202	110	18	price	price	NOUN
dem-4202	110	19	rigidity	rigidity	NOUN
dem-4202	110	20	,	,	PUNCT
dem-4202	110	21	review	review	NOUN
dem-4202	110	22	of	of	ADP
dem-4202	110	23	economic	economic	ADJ
dem-4202	110	24	studies	study	NOUN
dem-4202	110	25	71	71	NUM
dem-4202	110	26	,	,	PUNCT
dem-4202	110	27	317–349	317–349	NUM
dem-4202	110	28	.	.	PUNCT
dem-4202	111	1	bejger	bejger	NOUN
dem-4202	111	2	,	,	PUNCT
dem-4202	111	3	s.	s.	PROPN
dem-4202	111	4	(	(	PUNCT
dem-4202	111	5	2004	2004	NUM
dem-4202	111	6	)	)	PUNCT
dem-4202	111	7	,	,	PUNCT
dem-4202	111	8	identyfikacja	identyfikacja	PROPN
dem-4202	111	9	,	,	PUNCT
dem-4202	111	10	pomiar	pomiar	NOUN
dem-4202	111	11	i	i	PRON
dem-4202	111	12	ocena	ocena	PROPN
dem-4202	111	13	siły	siły	PROPN
dem-4202	111	14	rynkowej	rynkowej	PROPN
dem-4202	111	15	podmiotów	podmiotów	PROPN
dem-4202	111	16	gospodarczych	gospodarczych	PROPN
dem-4202	111	17	oraz	oraz	PROPN
dem-4202	111	18	stopnia	stopnia	PROPN
dem-4202	111	19	konkurencyjności	konkurencyjności	PROPN
dem-4202	111	20	branż	branż	PROPN
dem-4202	111	21	z	z	PROPN
dem-4202	111	22	wykorzystaniem	wykorzystaniem	PROPN
dem-4202	111	23	metodologii	metodologii	PROPN
dem-4202	111	24	teorii	teorii	PROPN
dem-4202	111	25	gier	gier	NOUN
dem-4202	111	26	,	,	PUNCT
dem-4202	111	27	(	(	PUNCT
dem-4202	111	28	identification	identification	NOUN
dem-4202	111	29	,	,	PUNCT
dem-4202	111	30	measurement	measurement	NOUN
dem-4202	111	31	and	and	CCONJ
dem-4202	111	32	estimation	estimation	NOUN
dem-4202	111	33	of	of	ADP
dem-4202	111	34	market	market	NOUN
dem-4202	111	35	power	power	NOUN
dem-4202	111	36	of	of	ADP
dem-4202	111	37	the	the	DET
dem-4202	111	38	firms	firm	NOUN
dem-4202	111	39	and	and	CCONJ
dem-4202	111	40	degree	degree	NOUN
dem-4202	111	41	of	of	ADP
dem-4202	111	42	competitiveness	competitiveness	NOUN
dem-4202	111	43	of	of	ADP
dem-4202	111	44	the	the	DET
dem-4202	111	45	industries	industry	NOUN
dem-4202	111	46	with	with	ADP
dem-4202	111	47	application	application	NOUN
dem-4202	111	48	of	of	ADP
dem-4202	111	49	game	game	NOUN
dem-4202	111	50	theory	theory	NOUN
dem-4202	111	51	methodology	methodology	NOUN
dem-4202	111	52	)	)	PUNCT
dem-4202	111	53	,	,	PUNCT
dem-4202	111	54	phd	phd	NOUN
dem-4202	111	55	thesis	thesis	NOUN
dem-4202	111	56	.	.	PUNCT
dem-4202	112	1	bolotova	bolotova	PROPN
dem-4202	112	2	,	,	PUNCT
dem-4202	112	3	y.	y.	PROPN
dem-4202	112	4	,	,	PUNCT
dem-4202	112	5	connor	connor	PROPN
dem-4202	112	6	,	,	PUNCT
dem-4202	112	7	j.m	j.m	PROPN
dem-4202	112	8	.	.	PROPN
dem-4202	112	9	,	,	PUNCT
dem-4202	112	10	miller	miller	PROPN
dem-4202	112	11	,	,	PUNCT
dem-4202	112	12	d.j	d.j	PROPN
dem-4202	112	13	.	.	PROPN
dem-4202	112	14	(	(	PUNCT
dem-4202	112	15	2008	2008	NUM
dem-4202	112	16	)	)	PUNCT
dem-4202	112	17	,	,	PUNCT
dem-4202	112	18	the	the	DET
dem-4202	112	19	impact	impact	NOUN
dem-4202	112	20	of	of	ADP
dem-4202	112	21	collusion	collusion	NOUN
dem-4202	112	22	on	on	ADP
dem-4202	112	23	price	price	NOUN
dem-4202	112	24	behavior	behavior	NOUN
dem-4202	112	25	:	:	PUNCT
dem-4202	112	26	empirical	empirical	ADJ
dem-4202	112	27	results	result	NOUN
dem-4202	112	28	from	from	ADP
dem-4202	112	29	two	two	NUM
dem-4202	112	30	recent	recent	ADJ
dem-4202	112	31	cases	case	NOUN
dem-4202	112	32	,	,	PUNCT
dem-4202	112	33	international	international	ADJ
dem-4202	112	34	journal	journal	NOUN
dem-4202	112	35	of	of	ADP
dem-4202	112	36	industrial	industrial	ADJ
dem-4202	112	37	organization	organization	NOUN
dem-4202	112	38	26	26	NUM
dem-4202	112	39	,	,	PUNCT
dem-4202	112	40	1290–1307	1290–1307	NUM
dem-4202	112	41	.	.	PUNCT
dem-4202	113	1	connor	connor	PROPN
dem-4202	113	2	,	,	PUNCT
dem-4202	113	3	j.	j.	PROPN
dem-4202	113	4	(	(	PUNCT
dem-4202	113	5	2000	2000	NUM
dem-4202	113	6	)	)	PUNCT
dem-4202	113	7	,	,	PUNCT
dem-4202	113	8	archer	archer	PROPN
dem-4202	113	9	daniels	daniels	PROPN
dem-4202	113	10	midland	midland	PROPN
dem-4202	113	11	:	:	PUNCT
dem-4202	113	12	price	price	NOUN
dem-4202	113	13	-	-	PUNCT
dem-4202	113	14	fixer	fixer	NOUN
dem-4202	113	15	to	to	ADP
dem-4202	113	16	the	the	DET
dem-4202	113	17	world	world	NOUN
dem-4202	113	18	,	,	PUNCT
dem-4202	113	19	staff	staff	NOUN
dem-4202	113	20	paper	paper	NOUN
dem-4202	113	21	no	no	INTJ
dem-4202	113	22	.	.	NOUN
dem-4202	113	23	00	00	NUM
dem-4202	113	24	-	-	SYM
dem-4202	113	25	11	11	NUM
dem-4202	113	26	,	,	PUNCT
dem-4202	113	27	department	department	NOUN
dem-4202	113	28	of	of	ADP
dem-4202	113	29	agricultural	agricultural	ADJ
dem-4202	113	30	economics	economic	NOUN
dem-4202	113	31	,	,	PUNCT
dem-4202	113	32	purdue	purdue	PROPN
dem-4202	113	33	university	university	NOUN
dem-4202	113	34	,	,	PUNCT
dem-4202	113	35	west	west	PROPN
dem-4202	113	36	lafayette	lafayette	PROPN
dem-4202	113	37	,	,	PUNCT
dem-4202	113	38	in	in	ADP
dem-4202	113	39	.	.	PUNCT
dem-4202	114	1	connor	connor	PROPN
dem-4202	114	2	,	,	PUNCT
dem-4202	114	3	j.	j.	PROPN
dem-4202	114	4	(	(	PUNCT
dem-4202	114	5	2001	2001	NUM
dem-4202	114	6	)	)	PUNCT
dem-4202	114	7	,	,	PUNCT
dem-4202	114	8	our	our	PRON
dem-4202	114	9	customers	customer	NOUN
dem-4202	114	10	are	be	AUX
dem-4202	114	11	our	our	PRON
dem-4202	114	12	enemies	enemy	NOUN
dem-4202	114	13	:	:	PUNCT
dem-4202	114	14	the	the	DET
dem-4202	114	15	lysine	lysine	NOUN
dem-4202	114	16	cartel	cartel	NOUN
dem-4202	114	17	of	of	ADP
dem-4202	114	18	1992–1995	1992–1995	NUM
dem-4202	114	19	,	,	PUNCT
dem-4202	114	20	review	review	NOUN
dem-4202	114	21	of	of	ADP
dem-4202	114	22	industrial	industrial	ADJ
dem-4202	114	23	organization	organization	NOUN
dem-4202	114	24	18	18	NUM
dem-4202	114	25	,	,	PUNCT
dem-4202	114	26	5–21	5–21	PROPN
dem-4202	114	27	.	.	PUNCT
dem-4202	114	28	davidson	davidson	PROPN
dem-4202	114	29	,	,	PUNCT
dem-4202	114	30	j.	j.	PROPN
dem-4202	114	31	(	(	PUNCT
dem-4202	114	32	2004	2004	NUM
dem-4202	114	33	)	)	PUNCT
dem-4202	114	34	,	,	PUNCT
dem-4202	114	35	forecasting	forecast	VERB
dem-4202	114	36	markov	markov	NOUN
dem-4202	114	37	-	-	PUNCT
dem-4202	114	38	switching	switch	VERB
dem-4202	114	39	dynamic	dynamic	ADJ
dem-4202	114	40	,	,	PUNCT
dem-4202	114	41	conditionally	conditionally	ADV
dem-4202	114	42	heteroscedastic	heteroscedastic	ADJ
dem-4202	114	43	processes	process	NOUN
dem-4202	114	44	,	,	PUNCT
dem-4202	114	45	statistic	statistic	ADJ
dem-4202	114	46	and	and	CCONJ
dem-4202	114	47	probability	probability	NOUN
dem-4202	114	48	letters	letter	NOUN
dem-4202	114	49	,	,	PUNCT
dem-4202	114	50	68(2	68(2	NOUN
dem-4202	114	51	)	)	PUNCT
dem-4202	114	52	,	,	PUNCT
dem-4202	114	53	137–147	137–147	NUM
dem-4202	114	54	.	.	PUNCT
dem-4202	115	1	fong	fong	PROPN
dem-4202	115	2	,	,	PUNCT
dem-4202	115	3	w.m	w.m	PROPN
dem-4202	115	4	.	.	PUNCT
dem-4202	115	5	(	(	PUNCT
dem-4202	115	6	1998	1998	NUM
dem-4202	115	7	)	)	PUNCT
dem-4202	115	8	,	,	PUNCT
dem-4202	115	9	the	the	DET
dem-4202	115	10	dynamics	dynamic	NOUN
dem-4202	115	11	of	of	ADP
dem-4202	115	12	dm	dm	PROPN
dem-4202	115	13	/	/	SYM
dem-4202	115	14	pound	pound	NOUN
dem-4202	115	15	exchange	exchange	NOUN
dem-4202	115	16	rate	rate	NOUN
dem-4202	115	17	volatility	volatility	NOUN
dem-4202	115	18	:	:	PUNCT
dem-4202	115	19	a	a	DET
dem-4202	115	20	swarch	swarch	NOUN
dem-4202	115	21	analysis	analysis	NOUN
dem-4202	115	22	,	,	PUNCT
dem-4202	115	23	international	international	ADJ
dem-4202	115	24	journal	journal	NOUN
dem-4202	115	25	of	of	ADP
dem-4202	115	26	finance	finance	NOUN
dem-4202	115	27	and	and	CCONJ
dem-4202	115	28	economics	economic	NOUN
dem-4202	115	29	3	3	NUM
dem-4202	115	30	,	,	PUNCT
dem-4202	115	31	59	59	NUM
dem-4202	115	32	–	–	SYM
dem-4202	115	33	71	71	NUM
dem-4202	115	34	.	.	PUNCT
dem-4202	115	35	fransens	fransen	NOUN
dem-4202	115	36	,	,	PUNCT
dem-4202	115	37	p.	p.	NOUN
dem-4202	115	38	,	,	PUNCT
dem-4202	115	39	h.	h.	PROPN
dem-4202	115	40	,	,	PUNCT
dem-4202	115	41	van	van	PROPN
dem-4202	115	42	dijk	dijk	PROPN
dem-4202	115	43	,	,	PUNCT
dem-4202	115	44	d.	d.	PROPN
dem-4202	115	45	(	(	PUNCT
dem-4202	115	46	2000	2000	NUM
dem-4202	115	47	)	)	PUNCT
dem-4202	115	48	,	,	PUNCT
dem-4202	115	49	nonlinear	nonlinear	ADJ
dem-4202	115	50	time	time	NOUN
dem-4202	115	51	series	series	PROPN
dem-4202	115	52	models	model	NOUN
dem-4202	115	53	in	in	ADP
dem-4202	115	54	empirical	empirical	ADJ
dem-4202	115	55	finance	finance	NOUN
dem-4202	115	56	,	,	PUNCT
dem-4202	115	57	cambridge	cambridge	PROPN
dem-4202	115	58	university	university	PROPN
dem-4202	115	59	press	press	NOUN
dem-4202	115	60	.	.	PUNCT
dem-4202	116	1	haltiwanger	haltiwanger	NOUN
dem-4202	116	2	,	,	PUNCT
dem-4202	116	3	j.	j.	PROPN
dem-4202	116	4	,	,	PUNCT
dem-4202	116	5	harrington	harrington	PROPN
dem-4202	116	6	,	,	PUNCT
dem-4202	116	7	j.e	j.e	PROPN
dem-4202	116	8	.	.	PROPN
dem-4202	116	9	(	(	PUNCT
dem-4202	116	10	1991	1991	NUM
dem-4202	116	11	)	)	PUNCT
dem-4202	116	12	,	,	PUNCT
dem-4202	116	13	the	the	DET
dem-4202	116	14	impact	impact	NOUN
dem-4202	116	15	of	of	ADP
dem-4202	116	16	cyclical	cyclical	ADJ
dem-4202	116	17	demand	demand	NOUN
dem-4202	116	18	movements	movement	NOUN
dem-4202	116	19	on	on	ADP
dem-4202	116	20	collusive	collusive	ADJ
dem-4202	116	21	behavior	behavior	NOUN
dem-4202	116	22	,	,	PUNCT
dem-4202	116	23	rand	rand	NOUN
dem-4202	116	24	journal	journal	NOUN
dem-4202	116	25	of	of	ADP
dem-4202	116	26	economics	economic	NOUN
dem-4202	116	27	,	,	PUNCT
dem-4202	116	28	22	22	NUM
dem-4202	116	29	(	(	PUNCT
dem-4202	116	30	1991	1991	NUM
dem-4202	116	31	)	)	PUNCT
dem-4202	116	32	,	,	PUNCT
dem-4202	116	33	89–106	89–106	NUM
dem-4202	116	34	.	.	PUNCT
dem-4202	116	35	hamilton	hamilton	PROPN
dem-4202	116	36	,	,	PUNCT
dem-4202	116	37	j.	j.	PROPN
dem-4202	116	38	d.	d.	PROPN
dem-4202	116	39	(	(	PUNCT
dem-4202	116	40	1989	1989	NUM
dem-4202	116	41	)	)	PUNCT
dem-4202	116	42	,	,	PUNCT
dem-4202	116	43	a	a	DET
dem-4202	116	44	new	new	ADJ
dem-4202	116	45	approach	approach	NOUN
dem-4202	116	46	to	to	ADP
dem-4202	116	47	the	the	DET
dem-4202	116	48	economic	economic	ADJ
dem-4202	116	49	analysis	analysis	NOUN
dem-4202	116	50	of	of	ADP
dem-4202	116	51	nonstationary	nonstationary	ADJ
dem-4202	116	52	time	time	NOUN
dem-4202	116	53	series	series	NOUN
dem-4202	116	54	and	and	CCONJ
dem-4202	116	55	the	the	DET
dem-4202	116	56	business	business	NOUN
dem-4202	116	57	cycle	cycle	NOUN
dem-4202	116	58	,	,	PUNCT
dem-4202	116	59	econometrica	econometrica	PROPN
dem-4202	116	60	57	57	NUM
dem-4202	116	61	,	,	PUNCT
dem-4202	116	62	357–384	357–384	NUM
dem-4202	116	63	.	.	PUNCT
dem-4202	116	64	hamilton	hamilton	PROPN
dem-4202	116	65	,	,	PUNCT
dem-4202	116	66	j.	j.	PROPN
dem-4202	116	67	d.	d.	PROPN
dem-4202	116	68	,	,	PUNCT
dem-4202	116	69	r.	r.	PROPN
dem-4202	116	70	susmel	susmel	PROPN
dem-4202	116	71	(	(	PUNCT
dem-4202	116	72	1994	1994	NUM
dem-4202	116	73	)	)	PUNCT
dem-4202	116	74	,	,	PUNCT
dem-4202	116	75	autoregressive	autoregressive	ADJ
dem-4202	116	76	conditional	conditional	ADJ
dem-4202	116	77	heteroscedasticity	heteroscedasticity	NOUN
dem-4202	116	78	and	and	CCONJ
dem-4202	116	79	changes	change	NOUN
dem-4202	116	80	in	in	ADP
dem-4202	116	81	regime	regime	NOUN
dem-4202	116	82	,	,	PUNCT
dem-4202	116	83	journal	journal	NOUN
dem-4202	116	84	of	of	ADP
dem-4202	116	85	econometrics	econometric	NOUN
dem-4202	116	86	64	64	NUM
dem-4202	116	87	,	,	PUNCT
dem-4202	116	88	307–333	307–333	NUM
dem-4202	116	89	kośko	kośko	NOUN
dem-4202	116	90	,	,	PUNCT
dem-4202	116	91	m.	m.	NOUN
dem-4202	116	92	,	,	PUNCT
dem-4202	116	93	pietrzak	pietrzak	NOUN
dem-4202	116	94	,	,	PUNCT
dem-4202	116	95	m.	m.	NOUN
dem-4202	116	96	(	(	PUNCT
dem-4202	116	97	2007	2007	NUM
dem-4202	116	98	)	)	PUNCT
dem-4202	116	99	,	,	PUNCT
dem-4202	116	100	wykorzystanie	wykorzystanie	NOUN
dem-4202	116	101	przełącznikowych	przełącznikowych	PROPN
dem-4202	116	102	modeli	modeli	PROPN
dem-4202	117	1	typu	typu	PROPN
dem-4202	117	2	markowa	markowa	PROPN
dem-4202	117	3	w	w	PROPN
dem-4202	117	4	modelowaniu	modelowaniu	PROPN
dem-4202	117	5	zmienności	zmienności	PROPN
dem-4202	117	6	finansowych	finansowych	PROPN
dem-4202	117	7	szeregów	szeregów	PROPN
dem-4202	117	8	czasowych	czasowych	PROPN
dem-4202	117	9	,	,	PUNCT
dem-4202	117	10	(	(	PUNCT
dem-4202	117	11	an	an	DET
dem-4202	117	12	application	application	NOUN
dem-4202	117	13	of	of	ADP
dem-4202	117	14	markovswitching	markovswitching	NOUN
dem-4202	117	15	model	model	NOUN
dem-4202	117	16	for	for	ADP
dem-4202	117	17	modelling	modelling	NOUN
dem-4202	117	18	of	of	ADP
dem-4202	117	19	variability	variability	NOUN
dem-4202	117	20	of	of	ADP
dem-4202	117	21	financial	financial	ADJ
dem-4202	117	22	time	time	NOUN
dem-4202	117	23	series	series	PROPN
dem-4202	117	24	)	)	PUNCT
dem-4202	117	25	(	(	PUNCT
dem-4202	117	26	in	in	ADP
dem-4202	117	27	)	)	PUNCT
dem-4202	117	28	dynamiczne	dynamiczne	PROPN
dem-4202	117	29	modele	modele	PROPN
dem-4202	117	30	ekonometryczne	ekonometryczne	PROPN
dem-4202	117	31	,	,	PUNCT
dem-4202	117	32	z.	z.	PROPN
dem-4202	117	33	zieliński	zieliński	PROPN
dem-4202	117	34	(	(	PUNCT
dem-4202	117	35	ed	ed	NOUN
dem-4202	117	36	.	.	PUNCT
dem-4202	117	37	)	)	PUNCT
dem-4202	117	38	,	,	PUNCT
dem-4202	117	39	wydawnictwo	wydawnictwo	PROPN
dem-4202	117	40	umk	umk	NOUN
dem-4202	117	41	,	,	PUNCT
dem-4202	117	42	toruń	toruń	NOUN
dem-4202	117	43	.	.	PUNCT
dem-4202	118	1	krolzig	krolzig	PROPN
dem-4202	118	2	,	,	PUNCT
dem-4202	118	3	h.	h.	PROPN
dem-4202	118	4	m.	m.	PROPN
dem-4202	118	5	(	(	PUNCT
dem-4202	118	6	1998	1998	NUM
dem-4202	118	7	)	)	PUNCT
dem-4202	118	8	,	,	PUNCT
dem-4202	118	9	econometric	econometric	VERB
dem-4202	118	10	modelling	modelling	NOUN
dem-4202	118	11	of	of	ADP
dem-4202	118	12	markov	markov	NOUN
dem-4202	118	13	-	-	PUNCT
dem-4202	118	14	switching	switch	VERB
dem-4202	118	15	vector	vector	NOUN
dem-4202	118	16	autoregressions	autoregression	NOUN
dem-4202	118	17	using	use	VERB
dem-4202	118	18	msvar	msvar	NOUN
dem-4202	118	19	for	for	ADP
dem-4202	118	20	ox	ox	NOUN
dem-4202	118	21	,	,	PUNCT
dem-4202	118	22	working	working	NOUN
dem-4202	118	23	paper	paper	NOUN
dem-4202	118	24	.	.	PUNCT
dem-4202	119	1	lahiri	lahiri	PROPN
dem-4202	119	2	,	,	PUNCT
dem-4202	119	3	k.	k.	PROPN
dem-4202	119	4	,	,	PUNCT
dem-4202	119	5	whang	whang	PROPN
dem-4202	119	6	j.	j.	PROPN
dem-4202	119	7	g.	g.	PROPN
dem-4202	119	8	(	(	PUNCT
dem-4202	119	9	1994	1994	NUM
dem-4202	119	10	)	)	PUNCT
dem-4202	119	11	,	,	PUNCT
dem-4202	119	12	predicting	predict	VERB
dem-4202	119	13	cyclical	cyclical	ADJ
dem-4202	119	14	turning	turning	NOUN
dem-4202	119	15	points	point	NOUN
dem-4202	119	16	with	with	ADP
dem-4202	119	17	leading	lead	VERB
dem-4202	119	18	index	index	NOUN
dem-4202	119	19	in	in	ADP
dem-4202	119	20	the	the	DET
dem-4202	119	21	markov	markov	NOUN
dem-4202	119	22	switching	switching	NOUN
dem-4202	119	23	model	model	NOUN
dem-4202	119	24	,	,	PUNCT
dem-4202	119	25	journal	journal	NOUN
dem-4202	119	26	of	of	ADP
dem-4202	119	27	forecasting	forecasting	NOUN
dem-4202	119	28	,	,	PUNCT
dem-4202	119	29	vol	vol	NOUN
dem-4202	119	30	.	.	PROPN
dem-4202	119	31	13	13	NUM
dem-4202	119	32	,	,	PUNCT
dem-4202	119	33	pp	pp	ADJ
dem-4202	119	34	.	.	PUNCT
dem-4202	120	1	245–263	245–263	NUM
dem-4202	120	2	.	.	PUNCT
dem-4202	121	1	rotemberg	rotemberg	PROPN
dem-4202	121	2	,	,	PUNCT
dem-4202	121	3	j.	j.	PROPN
dem-4202	121	4	,	,	PUNCT
dem-4202	121	5	saloner	saloner	PROPN
dem-4202	121	6	,	,	PUNCT
dem-4202	121	7	g.	g.	PROPN
dem-4202	121	8	(	(	PUNCT
dem-4202	121	9	1986	1986	NUM
dem-4202	121	10	)	)	PUNCT
dem-4202	121	11	,	,	PUNCT
dem-4202	121	12	a	a	DET
dem-4202	121	13	supergame	supergame	ADJ
dem-4202	121	14	theoretic	theoretic	NOUN
dem-4202	121	15	model	model	NOUN
dem-4202	121	16	of	of	ADP
dem-4202	121	17	business	business	NOUN
dem-4202	121	18	cycles	cycle	NOUN
dem-4202	121	19	and	and	CCONJ
dem-4202	121	20	price	price	NOUN
dem-4202	121	21	wars	war	NOUN
dem-4202	121	22	during	during	ADP
dem-4202	121	23	booms	boom	NOUN
dem-4202	121	24	,	,	PUNCT
dem-4202	121	25	american	american	PROPN
dem-4202	121	26	economic	economic	PROPN
dem-4202	121	27	review	review	NOUN
dem-4202	121	28	76	76	NUM
dem-4202	121	29	,	,	PUNCT
dem-4202	121	30	390–407	390–407	NUM
dem-4202	121	31	slade	slade	NOUN
dem-4202	121	32	,	,	PUNCT
dem-4202	121	33	m.	m.	NOUN
dem-4202	121	34	,	,	PUNCT
dem-4202	121	35	e.	e.	PROPN
dem-4202	121	36	(	(	PUNCT
dem-4202	121	37	1992	1992	NUM
dem-4202	121	38	)	)	PUNCT
dem-4202	121	39	,	,	PUNCT
dem-4202	121	40	vancouver	vancouver	PROPN
dem-4202	121	41	's	's	PART
dem-4202	121	42	gasoline	gasoline	NOUN
dem-4202	121	43	-	-	PUNCT
dem-4202	121	44	price	price	NOUN
dem-4202	121	45	wars	war	NOUN
dem-4202	121	46	:	:	PUNCT
dem-4202	121	47	an	an	DET
dem-4202	121	48	empirical	empirical	ADJ
dem-4202	121	49	exercise	exercise	NOUN
dem-4202	121	50	in	in	ADP
dem-4202	121	51	uncovering	uncover	VERB
dem-4202	121	52	supergame	supergame	ADJ
dem-4202	121	53	strategies	strategy	NOUN
dem-4202	121	54	,	,	PUNCT
dem-4202	121	55	review	review	NOUN
dem-4202	121	56	of	of	ADP
dem-4202	121	57	economic	economic	ADJ
dem-4202	121	58	studies	study	NOUN
dem-4202	121	59	59	59	NUM
dem-4202	121	60	,	,	PUNCT
dem-4202	121	61	257–276	257–276	NUM
dem-4202	121	62	.	.	PUNCT
dem-4202	122	1	stawicki	stawicki	PROPN
dem-4202	122	2	,	,	PUNCT
dem-4202	122	3	j.	j.	PROPN
dem-4202	122	4	(	(	PUNCT
dem-4202	122	5	2004	2004	NUM
dem-4202	122	6	)	)	PUNCT
dem-4202	122	7	,	,	PUNCT
dem-4202	122	8	wykorzystanie	wykorzystanie	PROPN
dem-4202	122	9	łańcuchów	łańcuchów	PROPN
dem-4202	122	10	markowa	markowa	PROPN
dem-4202	122	11	w	w	PROPN
dem-4202	122	12	analizie	analizie	PROPN
dem-4202	122	13	rynków	rynków	PROPN
dem-4202	122	14	kapitałowych	kapitałowych	PROPN
dem-4202	122	15	(	(	PUNCT
dem-4202	122	16	the	the	DET
dem-4202	122	17	markov	markov	NOUN
dem-4202	122	18	chains	chain	NOUN
dem-4202	122	19	in	in	ADP
dem-4202	122	20	capital	capital	NOUN
dem-4202	122	21	markets	market	NOUN
dem-4202	122	22	analysis	analysis	NOUN
dem-4202	122	23	)	)	PUNCT
dem-4202	122	24	,	,	PUNCT
dem-4202	122	25	wydawnictwo	wydawnictwo	PROPN
dem-4202	122	26	umk	umk	NOUN
dem-4202	122	27	,	,	PUNCT
dem-4202	122	28	toruń	toruń	NOUN
dem-4202	122	29	.	.	PUNCT
dem-4202	123	1	włodarczyk	włodarczyk	PROPN
dem-4202	123	2	,	,	PUNCT
dem-4202	123	3	a.	a.	PROPN
dem-4202	123	4	,	,	PUNCT
dem-4202	123	5	zawada	zawada	PROPN
dem-4202	123	6	,	,	PUNCT
dem-4202	123	7	m.	m.	NOUN
dem-4202	123	8	(	(	PUNCT
dem-4202	123	9	2005	2005	NUM
dem-4202	123	10	)	)	PUNCT
dem-4202	123	11	,	,	PUNCT
dem-4202	123	12	przełącznikowy	przełącznikowy	PROPN
dem-4202	123	13	model	model	PROPN
dem-4202	123	14	markowa	markowa	PROPN
dem-4202	123	15	jako	jako	PROPN
dem-4202	123	16	przykład	przykład	PROPN
dem-4202	123	17	niestacjonarnego	niestacjonarnego	PROPN
dem-4202	123	18	modelu	modelu	PROPN
dem-4202	123	19	kursu	kursu	PROPN
dem-4202	123	20	walutowego	walutowego	PROPN
dem-4202	123	21	(	(	PUNCT
dem-4202	123	22	markov	markov	NOUN
dem-4202	123	23	switching	switching	NOUN
dem-4202	123	24	model	model	NOUN
dem-4202	123	25	as	as	ADP
dem-4202	123	26	an	an	DET
dem-4202	123	27	example	example	NOUN
dem-4202	123	28	of	of	ADP
dem-4202	123	29	nonstationarity	nonstationarity	NOUN
dem-4202	123	30	exchange	exchange	NOUN
dem-4202	123	31	rate	rate	NOUN
dem-4202	123	32	model	model	NOUN
dem-4202	123	33	)	)	PUNCT
dem-4202	123	34	,	,	PUNCT
dem-4202	124	1	[	[	X
dem-4202	124	2	in	in	ADP
dem-4202	124	3	:]	:]	PROPN
dem-4202	124	4	dynamiczne	dynamiczne	PROPN
dem-4202	124	5	modele	modele	PROPN
dem-4202	124	6	ekonometryczne	ekonometryczne	PROPN
dem-4202	124	7	,	,	PUNCT
dem-4202	124	8	z.	z.	PROPN
dem-4202	124	9	zieliński	zieliński	PROPN
dem-4202	124	10	(	(	PUNCT
dem-4202	124	11	ed	ed	NOUN
dem-4202	124	12	.	.	PUNCT
dem-4202	124	13	)	)	PUNCT
dem-4202	124	14	wydawnictwo	wydawnictwo	PROPN
dem-4202	124	15	umk	umk	PROPN
dem-4202	124	16	,	,	PUNCT
dem-4202	124	17	toruń	toruń	NOUN
dem-4202	124	18	,	,	PUNCT
dem-4202	124	19	sylwester	sylwester	NOUN
dem-4202	124	20	bejger	bejger	NOUN
dem-4202	124	21	38	38	NUM
dem-4202	124	22	ekonometryczne	ekonometryczne	PROPN
dem-4202	124	23	narzędzia	narzędzia	PROPN
dem-4202	124	24	detekcji	detekcji	PROPN
dem-4202	124	25	równowagi	równowagi	PROPN
dem-4202	124	26	zmowy	zmowy	PROPN
dem-4202	124	27	w	w	PROPN
dem-4202	124	28	branży	branży	PROPN
dem-4202	124	29	z	z	PROPN
dem-4202	124	30	a	a	DET
dem-4202	124	31	r	r	NOUN
dem-4202	124	32	y	y	PROPN
dem-4202	124	33	s	s	PROPN
dem-4202	124	34	t	t	NOUN
dem-4202	124	35	r	r	NOUN
dem-4202	124	36	e	e	PROPN
dem-4202	124	37	ś	ś	PROPN
dem-4202	124	38	c	c	PROPN
dem-4202	124	39	i.	i.	PROPN
dem-4202	124	40	w	w	PROPN
dem-4202	124	41	artykule	artykule	PROPN
dem-4202	124	42	przedstawiono	przedstawiono	PROPN
dem-4202	124	43	problem	problem	PROPN
dem-4202	124	44	detekcji	detekcji	VERB
dem-4202	124	45	równowagi	równowagi	PROPN
dem-4202	124	46	zmowy	zmowy	PROPN
dem-4202	124	47	jawnej	jawnej	NOUN
dem-4202	124	48	lub	lub	PROPN
dem-4202	124	49	milczącej	milczącej	VERB
dem-4202	124	50	w	w	PROPN
dem-4202	124	51	kontekście	kontekście	PROPN
dem-4202	124	52	wyboru	wyboru	PROPN
dem-4202	124	53	właściwej	właściwej	PROPN
dem-4202	124	54	metody	metody	PROPN
dem-4202	124	55	ekonometrycznej	ekonometrycznej	PROPN
dem-4202	124	56	,	,	PUNCT
dem-4202	124	57	który	który	PROPN
dem-4202	124	58	determinowany	determinowany	PROPN
dem-4202	124	59	jest	jest	PROPN
dem-4202	124	60	ilością	ilością	PROPN
dem-4202	124	61	informacji	informacji	PROPN
dem-4202	124	62	posiadaną	posiadaną	PROPN
dem-4202	124	63	przez	przez	PROPN
dem-4202	124	64	obserwatora	obserwatora	PROPN
dem-4202	124	65	.	.	PUNCT
dem-4202	125	1	zaprezentowano	zaprezentowano	PROPN
dem-4202	126	1	jeden	jeden	PROPN
dem-4202	126	2	z	z	PROPN
dem-4202	126	3	markerów	markerów	PROPN
dem-4202	126	4	zmowy	zmowy	PROPN
dem-4202	126	5	spójnych	spójnych	PROPN
dem-4202	126	6	z	z	PROPN
dem-4202	126	7	równowagą	równowagą	PROPN
dem-4202	126	8	właściwego	właściwego	PROPN
dem-4202	126	9	modelu	modelu	PROPN
dem-4202	126	10	interakcji	interakcji	PROPN
dem-4202	126	11	strategicznej	strategicznej	ADV
dem-4202	126	12	–	–	PUNCT
dem-4202	126	13	obecność	obecność	NOUN
dem-4202	126	14	zaburzeń	zaburzeń	PROPN
dem-4202	126	15	strukturalnych	strukturalnych	PROPN
dem-4202	126	16	w	w	PROPN
dem-4202	126	17	wariancji	wariancji	PROPN
dem-4202	126	18	procesu	procesu	PROPN
dem-4202	126	19	ceny	ceny	PROPN
dem-4202	126	20	dla	dla	PROPN
dem-4202	126	21	faz	faz	PROPN
dem-4202	126	22	zmowy	zmowy	PROPN
dem-4202	127	1	i	i	PRON
dem-4202	127	2	konkurencji	konkurencji	NOUN
dem-4202	127	3	.	.	PUNCT
dem-4202	128	1	jako	jako	PROPN
dem-4202	128	2	poprawną	poprawną	PROPN
dem-4202	128	3	teoretycznie	teoretycznie	PROPN
dem-4202	128	4	metodę	metodę	PROPN
dem-4202	128	5	detekcji	detekcji	PROPN
dem-4202	128	6	tego	tego	PROPN
dem-4202	128	7	typu	typu	PROPN
dem-4202	128	8	zmian	zmian	PROPN
dem-4202	128	9	bez	bez	PROPN
dem-4202	128	10	wiedzy	wiedzy	PROPN
dem-4202	128	11	a	a	X
dem-4202	128	12	-	-	PUNCT
dem-4202	128	13	priori	priori	ADJ
dem-4202	128	14	o	o	X
dem-4202	128	15	momentach	momentach	ADJ
dem-4202	128	16	przełączania	przełączania	PROPN
dem-4202	128	17	zaproponowano	zaproponowano	PROPN
dem-4202	128	18	wykorzystanie	wykorzystanie	PROPN
dem-4202	128	19	przełącznikowego	przełącznikowego	PROPN
dem-4202	128	20	modelu	modelu	PROPN
dem-4202	128	21	markowa	markowa	PROPN
dem-4202	128	22	z	z	PROPN
dem-4202	128	23	przełączaniem	przełączaniem	NOUN
dem-4202	128	24	reżimów	reżimów	VERB
dem-4202	128	25	wariancji	wariancji	ADJ
dem-4202	128	26	.	.	PUNCT
dem-4202	129	1	w	w	PROPN
dem-4202	129	2	celu	celu	PROPN
dem-4202	129	3	weryfikacji	weryfikacji	PROPN
dem-4202	129	4	skuteczności	skuteczności	VERB
dem-4202	129	5	metody	metody	PROPN
dem-4202	129	6	aplikowano	aplikowano	PROPN
dem-4202	129	7	ją	ją	PROPN
dem-4202	129	8	dla	dla	PROPN
dem-4202	129	9	szeregu	szeregu	PROPN
dem-4202	129	10	cen	cen	PROPN
dem-4202	129	11	rynkowych	rynkowych	PROPN
dem-4202	129	12	lysiny	lysiny	PROPN
dem-4202	130	1	w	w	PROPN
dem-4202	130	2	czasie	czasie	PROPN
dem-4202	130	3	trwania	trwania	PROPN
dem-4202	131	1	i	i	PRON
dem-4202	131	2	upadku	upadku	VERB
dem-4202	131	3	zmowy	zmowy	PROPN
dem-4202	131	4	jej	jej	PROPN
dem-4202	131	5	producentów	producentów	PROPN
dem-4202	131	6	.	.	PUNCT
dem-4202	132	1	s	s	PROPN
dem-4202	133	1	ł	ł	PROPN
dem-4202	133	2	o	o	X
dem-4202	133	3	w	w	NOUN
dem-4202	133	4	a	a	DET
dem-4202	133	5	k	k	X
dem-4202	133	6	l	l	NOUN
dem-4202	133	7	u	u	NOUN
dem-4202	134	1	c	c	NOUN
dem-4202	134	2	z	z	NOUN
dem-4202	134	3	o	o	X
dem-4202	134	4	w	w	PROPN
dem-4202	135	1	e	e	NOUN
dem-4202	135	2	:	:	PUNCT
dem-4202	135	3	zmowa	zmowa	NOUN
dem-4202	135	4	jawna	jawna	NOUN
dem-4202	135	5	i	i	PRON
dem-4202	135	6	milcząca	milcząca	NOUN
dem-4202	135	7	,	,	PUNCT
dem-4202	135	8	równowaga	równowaga	NOUN
dem-4202	135	9	,	,	PUNCT
dem-4202	135	10	lysina	lysina	NOUN
dem-4202	135	11	,	,	PUNCT
dem-4202	135	12	wariancja	wariancja	NOUN
dem-4202	135	13	ceny	ceny	NOUN
dem-4202	135	14	,	,	PUNCT
dem-4202	135	15	model	model	NOUN
dem-4202	135	16	przełącznikowy	przełącznikowy	PROPN
dem-4202	135	17	markowa	markowa	PROPN