Showing 1 - 10 of 597
Persistent link: https://www.econbiz.de/10012915424
As an example of collusive behaviour in the sugar industry, this paper looks at the Spanish sugar cartel, uncovered and sanctioned by the Spanish competition authority. It then turns into the subsequent private enforcement actions that concluded successfully last year with a €5 million award...
Persistent link: https://www.econbiz.de/10013045117
English Abstractt The publication on June 30, 2020 of the Decision sanctioning Scania concerning its participation in the trucks’ manufacturers collusion -that was adopted by the European Commission three years ago (9/27/2017)- is the axis around which this article is built. Firstly, it...
Persistent link: https://www.econbiz.de/10013239219
The duration of appellate court proceedings is an important determinant of the efficiency of a court system. We use data of 234 firm groups that participated in 63 cartels convicted by the European Commission between 2000 and 2012 to investigate the determinants of the duration of the subsequent...
Persistent link: https://www.econbiz.de/10010405065
The appeals process – whereby the losing party of an administrative or judicial decision can seek reconsideration of their arguments before a higher institution – is an important mechanism to correct legal errors and to improve existing laws and regulations. We use data of 467 firm groups...
Persistent link: https://www.econbiz.de/10010405992
The duration of appellate court proceedings is an important determinant of the efficiency of a court system. We use data of 234 firm groups that participated in 63 cartels convicted by the European Commission between 2000 and 2012 to investigate the determinants of the duration of the subsequent...
Persistent link: https://www.econbiz.de/10013047790
This article explores the Spanish caselaw on the trucks cartel damages claims. It presents a rigorous empirical assessment of the courts' decisions (as of the cut-off date of 1/10/22), focusing particularly on the 1185 judgments on the merits issued by the courts of appeal. The large number of...
Persistent link: https://www.econbiz.de/10014242695
This paper argues that empirical economic analysis in court proceedings is subject to important economic and legal restrictions, cumulating in a fundamental trade-off between accuracy and practicality. We draw lessons from two influential German court cases - the paper wholesaler cartel decision...
Persistent link: https://www.econbiz.de/10008699780
Although price-fixing conspiracies are inherently unstable, many cartels manage to endure, often for long periods. Many successful cartels have hierarchical structures made up of high-level executives (principals) and lower-level managers (agents). For these cartels, agency cost theory could...
Persistent link: https://www.econbiz.de/10014218312
Inherent Defects Insurance (IDI) for new housing buildings is mandatory in Spain since May 2000. The instauration of this legal requirement prompted an upsurge in the IDI market. Being confronted with wild competition, the major insurance carriers active in that market promoted a minimum price...
Persistent link: https://www.econbiz.de/10013228598