Uncertainty about the level of demand is thought to influence irreversible capacity decisions. This paper examines some implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in this sector have the ability to deliver...

We use publicly available price data from the German cement industry to estimate the cartelinduced price increase. We apply two different comparator-based approaches - the 'before and-after' approach and the 'difference-in-differences' approach - and especially study the impact of various...

We use a unique private data set of about 340,000 invoice positions from 36 smaller and larger customers of German cement producers to study the value of such transaction data for an estimation of cartel damages. In particular, we investigate, first, how structural break analysis can be used to...