Concrete literally holds the modern world together. The material and its binding agent cement comprise a key ingredient in the buildings and roads essential for development and in infrastructure critical to sustainable growth. The cement industry also generates about seven percent of the world's...

Concrete literally holds the modern world together. The material and its binding agent cement comprise a key ingredient in the buildings and roads essential for development and in infrastructure critical to sustainable growth. The cement industry also generates about seven percent of the world's...

Maintaining sufficient levels of competition ranks among the core interests of any national – and increasingly international – antitrust policy; however, the formal proof that a cartel really functioned economically and did not only exist in a legal sense is hard to deliver: market power is...

This paper deals with a special type of voluntary approach to protect the environment, for example, that we would like to term voluntary commitment. Its major characteristic is that it represents a unilateral declaration without a decisively active role of regulators. In other words, voluntary...

Although the pricing dynamics of hardcore cartels have been studied intensively from a theoretical perspective, empirical evidence is still rare. We combine publicly available data with a unique private data set of about 340,000 market transactions from 36 smaller and larger customers of German...

Cartel detection is usually viewed as a key task of either competition authorities or compliance officials in firms with an elevated risk of cartelization. We argue that customers of hard core cartels can have both incentives and possibilities to detect such agreements on their own initiative...