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cartels by taking a closer look at the cement industry which has a rich history of both legal and illegal cartels. We … undertake a cross-country comparison for Austria, Germany, Poland and Norway, providing narrative evidence for many traits of …
Persistent link: https://www.econbiz.de/10011334610
. 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/10010233583
cartels by taking a closer look at the cement industry which has a rich history of both legal and illegal cartels. We … undertake a cross-country comparison for Austria, Germany, Poland and Norway, providing narrative evidence for many traits of …
Persistent link: https://www.econbiz.de/10013015067
This chapter examines anti-cartel enforcement in selected jurisdictions around the world, paying particular attention …. There are numerous indicators that enforcement in North America comes closest to optimal deterrence of illegal cartel … conduct. Monetary penalties are roughly commensurate with the economic injuries imposed on customers by price fixers. Since …
Persistent link: https://www.econbiz.de/10013136896
Based on an analysis of cartel prosecutions since 2007, this article assesses the way the European Commission has built … aspects of the fining process are unexplained or redacted. Estimated fine-to-sales ratios together with new research on …
Persistent link: https://www.econbiz.de/10012940532
. 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/10013059875
Russia assumed this price difference to be evidence for abuse of market power. In contrast to FAS Russia's conclusions, we … hypothesis, we define a relevant product market employing a price correlation analysis. To conduct robustness check we also … provide a stationarity test on the log price ratio and a cointegration test which fall within the results of correlation …
Persistent link: https://www.econbiz.de/10015394241
This paper analyzes the first 13 cartel decisions of the European Commission under its 2006 revised fining guidelines …. I find that the severity of the cartel fines is more than five times higher than those figured under the previous 1998 … profits accumulated by cartelists. Indeed, three firms’ fines ranged as high as 500% to 650% of affected sales – possible (but …
Persistent link: https://www.econbiz.de/10014187249
Based on a sample of 64 cartels convicted by the European Commission from 1975 to 2009 and a methodology allowing to estimate restitution and dissuasive fines to be imposed on cartels from microeconomic variables on a case by case basis, this paper compares the level of fines actually inflicted...
Persistent link: https://www.econbiz.de/10014206504
cartel activity in Asia and uses a sample of modern private cartels to evaluate the relative effectiveness of three prominent … Asia and the rest of the world during 1990-2007. The need for assertive anti-cartel enforcement in Asia is demonstrated by … the large affected commerce and economic injuries of known international cartels. Affected sales of detected Asian …
Persistent link: https://www.econbiz.de/10014222893