This paper justifies unequal health care quality in a model with two regions and patients differentiated by location and quality perception. Efficient distribution with unequal healthcare quality arises when there are low travel and/or quality provision costs. If costs are sufficiently low, then...

We present a pragmatic approach to calculating the total economic loss induced by a cartel, focusing on the European trucks cartel (1997-2011). Overall, we estimate a net welfare loss of approximately €0.7 bn. and an overcharge below 1% (€1.8 bn.). The cartel overcharge is surprisingly low....