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breakdown of a German cement cartel. We find that, first, after the breakdown of the cartel, cartel members reduce net prices to … a far larger extent than gross prices and that, second, noncartel members slip under the price umbrella of the cartel to … transactions from 36 smaller and larger customers of German cement producers to study the pricing dynamics during and after the …
Persistent link: https://www.econbiz.de/10009646613
We test econometrically whether the sole Danish producer of cement holds a dominant <p> position in the Danish market … for (grey) cement. In import penetration tests, we find that its <p> pricing and quantity decisions are independent of … import price and quantity, implying that it can <p> act to a considerable extent independently of its competitors. We also …
Persistent link: https://www.econbiz.de/10005419394
analysis and investigates whether they operate efficiently (See www.wiwi.uni-muenster.de/cfd). The CFD cartel-audit should … cartels cause failures in the observed process patterns. The CFD cartel-audit attempts to draw conclusions from these process …
Persistent link: https://www.econbiz.de/10005076883
. Effective private enforcement requires that cartel victims can receive (at least) full compensation for the harm suffered …. Academics and competition authorities support this goal with guidance for the calculation of cartel damages. However, they … several years until cartel victims obtain damages. Interest and inflation are thus two key drivers of adequate compensation …
Persistent link: https://www.econbiz.de/10010985620
Horizontal mergers have a large impact by inducing a long-lasting change in market structure. Only in an industry with substantial entry barriers is a merger not immediately counteracted by post-merger entry. To evaluate the duration of the effects of a merger, I use the model of Abbring and...
Persistent link: https://www.econbiz.de/10010949146
The European Court of Justice's definition of when a firm has a dominant position has recently come under attack as being meaningless and impossible to measure. We argue that both attacks are wrong, suggest an economic interpretation of domination and propose how it may be measured using modern...
Persistent link: https://www.econbiz.de/10005225407
price screen would have allowed particularly larger customers to detect the upstream cement cartel before the competition …Cartel detection is usually viewed as a key task of either competition authorities or compliance officials in firms … set of about 340,000 market transactions from 36 smaller and larger customers of German cement producers and show that a …
Persistent link: https://www.econbiz.de/10009646593
hypothesis is then taken to the German cement cartel of 1991-2002. We argue that Readymix was such a discontent cartel member and …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 …
Persistent link: https://www.econbiz.de/10010985711
we focus on the worst possible outcome. We investigate the maximal cartel price, the largest price for which the … conditions for sustainability hold. We analyze how the maximal cartel price supported by different cartel strategies adjusts in … enforcement, leniency, and cartel strategies on the maximal cartel price. Ex-ante leniency cannot reduce the maximal cartel price …
Persistent link: https://www.econbiz.de/10011256899
antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics …For a general class of oligopoly models with price competition, we analyze the impact of ex-ante leniency programs in … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …
Persistent link: https://www.econbiz.de/10011257358