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Cartel overcharges and the deterrent effect of EU competition law

Smuda, Florian - 2012

This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several … parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment ….37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic …

Persistent link: https://www.econbiz.de/10009572459

Do pay-as-bid auctions favor collusion? : evidence from Germany’s market for reserve power

Heim, Sven; Goetz, Georg - 2013

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...

Persistent link: https://www.econbiz.de/10009751726

The effect of regulatory scrutiny asymmetric cost pass-through in power wholesale and its end

Mokinski, Frieder; Wölfing, Nikolas - 2013

We find an asymmetric pass-through of European Emission Allowance (EUA) prices to wholesale electricity prices in Germany and show that this asymmetry has disappeared in response to a report on investigations by the competition authority. The asymmetric pricing pattern, however, was not detected...

Persistent link: https://www.econbiz.de/10009784017

Beyond national economy-wide rebound effects : an applied general equilibrium analysis incorporating international spillover effects

Koesler, Simon; Swales, John Kim; Turner, Karen - 2014

This paper proposes that the national focus of energy ‘rebound’ studies should be extended to an international context in the presence of supra-national agreements such as EU 20-20-20. The potential for energy efficiency improvements in one nation to impact energy use in others means that...

Persistent link: https://www.econbiz.de/10010341814

Rent sharing to control non-cartel supply in the German cement market

Harrington, Joseph Emmett; Hüschelrath, Kai; … - 2016

A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised … price. In the case of the German cement cartel that operated over 1991-2002, the primary source of non-cartel supply was … imports from Eastern European cement manufacturers. Industry sources have claimed that the cartel sought to control imports by …

Persistent link: https://www.econbiz.de/10011443774

The discontent cartel member and cartel collapse : the case of the German cement cartel

Harrington, Joseph Emmett; Hüschelrath, Kai; … - 2014

We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member’s allocated …

Persistent link: https://www.econbiz.de/10010424815

Competition, collusion and spatial sales patterns : theory and evidence

Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017

on average significantly lower in cartel years than in non-cartel years. …

Persistent link: https://www.econbiz.de/10011724001

Competition, collusion and spatial sales patterns : theory and evidence

Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017 - This version: December 31, 2017

on average significantly lower in cartel years than in non-cartel years. …

Persistent link: https://www.econbiz.de/10011778632

Giving away the game? : The impact of the disclosure effect on the patenting decision

Heger, Diana; Zaby, Alexandra K. - 2012

This article explores the propensity to patent in the light of the disclosure effect. Unlike earlier approaches concerned with the patenting decision, we take into account that a disclosure effect may decrease the merits of patenting by facilitating inventing around the patent for competitors....

Persistent link: https://www.econbiz.de/10009509671

Ownership and control in a competitive industry

Karle, Heiko; Klein, Tobias J.; Stahl, Konrad - 2011

We study a differentiated product market in which an investor initially owns a controlling stake in one of two competing firms and may acquire a non-controlling or a controlling stake in a competitor, either directly using her own assets, or indirectly via the controlled firm. While industry...

Persistent link: https://www.econbiz.de/10009424133