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The enforcement of contracts is necessary for efficient exchange in economic activities. The predominance in agriculture of informal contracts leads in many countries to the implementation of specific legal rules for contract law. This article emphasises the complementarities between public and...
Persistent link: https://www.econbiz.de/10010751014
Contract enforcement is acknowledged as a major issue in Law and in Economics. Contrasting substitution and complementary perspectives with respect to the role of private versus public enforcement institutions, this article analyses how contract law can support private institutions, and enhance...
Persistent link: https://www.econbiz.de/10010635194
Persistent link: https://www.econbiz.de/10008480617
Contract enforcement is acknowledged as a major issue in Law and in Economics. Contrasting substitution and complementary perspectives with respect to the role of private versus public enforcement institutions, this article analyses how contract law can support private institutions, and enhance...
Persistent link: https://www.econbiz.de/10011148953
The paper focuses on the various methods used to quantify cartel damages, which have become more and more important as … legal environments with regards to the estimation approaches being used for quantification of cartel damages. The direct …
Persistent link: https://www.econbiz.de/10010230329
. 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
proportion to the profits lost due to the cartel, expected cartel profits can increase. Claims of downstream firms against …
Persistent link: https://www.econbiz.de/10010194468
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
probably the most important one: suppliers to a downstream sellers’ cartel. The paper shows graphically and analytically that … cartel suppliers are negatively affected by the conspiracy depending on three effects: a direct quantity, a price and a cost … recent case law and the forthcoming Damages Directive, allows for approving cartel supplier damage claims. We argue that this …
Persistent link: https://www.econbiz.de/10010468358
Persistent link: https://www.econbiz.de/10011648505