We use publicly available price data from the German cement industry to estimate the cartel-induced price increase. We …-cartel period on the overcharge estimate. We find that the cement cartel led to price overcharges in a range from 20.3 to 26 …

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 cement either from domestic plants or from imports. Since cement is costly to … intensive industries, such as cement, by increasing the relative cost of domestic production. …