cartel suppliers are negatively affected by the conspiracy depending on three effects: a direct quantity, a price and a cost …While private actions for damages against price-cartels by direct and indirect customers receive much attention, it is … probably the most important one: suppliers to a downstream sellers’ cartel. The paper shows graphically and analytically that …

price level: the price level that would have been observed in the absence of the cartel. This article discusses the …A crucial step in the quantification of damage in the context of damages claims is the estimation of the counterfactual … Difference-in-Differences (“DiD”) estimation procedure for the estimation of counterfactual prices. While DiD is a very powerful …

An important issue in estimating cartel overcharges is to have a reliable estimate of the but-for-the-cartel price …. While the cartel price is observable, the but-for-the-cartel price is not. A construction of the but-for-cartel-price … previous non-cartelised period or constructs on cost-based data and mark-ups the but-for-price over the cartel period. This …

any level of aggregation. Further, the estimator is the first to be applicable to models in which firms price discriminate … among consumers based on location. We apply the estimator to the Portland cement industry in the U.S. Southwest over 1983 … counterfactual experiment and determine that disallowing this spatial price discrimination would increase consumer surplus by $12 …

A high degree of multicollinearity among the explanatory variables severely impairs estimation of regression … applying the Maximum Entropy Leuven (MEL) family of estimators on the widely analyzed dataset on Portland cement. This dataset … the cement was produced. The relevance of the relationship between the heat evolved and the chemical processes undergone …