This paper presents a pragmatic approach to calculating the total economic loss induced by a cartel, focusing on the European trucks cartel (1997–2011). This comprehensible and transparent approach builds on the theory of monopoly pricing and uses the publicly available data of the infringing...

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....

Frontmatter -- Vorwort -- Inhalt -- Abbildungsverzeichnis -- 1 Einleitung -- 2 Marktfunktionen und Marktprozesse: ein Überblick -- 3 Der Markträumungsprozess (M-Prozess) -- 4 Der Renditenormalisierungsprozess (R-Prozess) -- 5 Der Übermachterosionsprozess (Ü-Prozess) -- 6 Der...