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Time is money – how much money is time? : interest and inflation in competition law actions for damages
Bueren, Eckart; Hüschelrath, Kai; Veith, Tobias - 2014
. 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
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Public vs. Private Enforcement of Antitrust Law in Unilateral Conduct Cases - The Interaction Between the Economic Review of the Prohibition of Abuses of Dominant Positions and Pri...
Mackenrodt, Mark-Oliver - 2011
The present paper analyzes the interaction between the economic review of the probition of abuses of a dominant position (Article 82 EC) on the one hand and the efforts to enhance private enforcement of competition law through private damage claims on the other hand. The paper argues that...
Persistent link: https://www.econbiz.de/10013134375
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A primer on damages of cartel suppliers : determinants, standing US vs. EU and econometric estimation
Bueren, Eckart; Smuda, Florian - 2013
to a downstream price cartel. First, we show that such suppliers incur losses driven by a direct quantity, a price and a … residual demand estimation that allows to quantify all determinants of cartel suppliers’ damages, thereby showing that supplier … damage claims are a viable option in practice that can contribute to full compensation and greater cartel deterrence. …
Persistent link: https://www.econbiz.de/10009787408
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A primer on damages of cartel suppliers : determinants, standing US vs. EU and econometric estimation
Bueren, Eckart; Smuda, Florian - 2013 - First version: August 2013, this version: October 2013
to a downstream price cartel. First, we show that such suppliers incur losses driven by a direct quantity, a price and a … residual demand estimation that allows to quantify all determinants of cartel suppliers’ damages, thereby showing that supplier … damage claims are a viable option in practice that can contribute to full compensation and greater cartel deterrence. …
Persistent link: https://www.econbiz.de/10010228570
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The dynamics of leniency application and the knock-on effect of cartel enforcement
Zhou, Jun - 2016
We study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis for a sample of cartels prosecuted by the European Commission between 1996 and 2014. The start of a Commission investigation does not affect the rate by which conspirators apply...
Persistent link: https://www.econbiz.de/10011435719
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Rebating antitrust fines to encourage private damages actions
Emons, Winand; Lenhard, Severin - 2020 - Version: January 2020
To encourage private actions for damages in antitrust cases some jurisdictions subtract a fraction of the redress from the fine. We analyze the effectiveness of this policy. Such a rebate does not encourage settlement negotiations that would otherwise not occur. If, however, the parties settle...
Persistent link: https://www.econbiz.de/10012159842
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Fight Cartels or Control Mergers? On the Optimal Allocation of Enforcement Efforts within Competition Policy
Cosnita-Langlais, Andreea - 2014
This paper deals with the optimal enforcement of competition law between merger and anti-cartel policies. We examine … account the ensuing incentives for firms in terms of choice between cartels and mergers. To the extent that a tougher anti-cartel …
Persistent link: https://www.econbiz.de/10013046016
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The Data Paradox in Competition Enforcement
Llanos, Jose Tomas - 2019
There is a data paradox in competition enforcement. Data is an infinitely scalable, widely available, non-rivalrous and non-exclusive asset. The European Commission's merger decisional practice suggests that these features make data a kind of asset unlikely to be conducive to competition issues....
Persistent link: https://www.econbiz.de/10012872180
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Chapter 15 Antitrust
Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
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Delays in leniency application : is there really a race to the enforcer’s door?
Gärtner, Dennis; Zhou, Jun - 2012 - First version June 2012, Revised November 2012
common beliefs and the existing literature, that conspirators often apply for leniency long after a cartel collapses. We …
Persistent link: https://www.econbiz.de/10009685867