Damage compensation claims in case of cartels are supposed to increase deterrence, compensate losses and increase efficiency. I show that such claims can instead have adverse effects: If suppliers or buyers of cartelists are compensated in proportion to the profits lost due to the cartel,...

Die Stärke des Lehrbuchs liegt in der Verbindung rechts- und wirtschaftlicher Aspekte. Dabei wird sowohl die Stellung der Wettbewerbspolitik im Rahmen einer wirtschaftspolitischen Gesamtkonzeption deutlich als auch die Eigengesetzlichkeit der juristischen Mittel. Das Werk verbindet die Theorie...

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

While private actions for damages by customers against price-cartels receive much attention, the treatment of other groups affected by such conspiracies is largely unresolved. This article narrows the research gap with respect to suppliers to a downstream price cartel. First, we show that such...