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Concrete Shoes for Competition - The Effect of the German Cement Cartel on Market Price

Hüschelrath, Kai - 2012

We use publicly available price data from the German cement industry to estimate the cartel-induced 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...

Persistent link: https://www.econbiz.de/10013105169

The Impact of Cartelization on Pricing Dynamics - Evidence from the German Cement Industry

Hüschelrath, Kai - 2012

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...

Persistent link: https://www.econbiz.de/10013107366

Cartel Destabilization and Leniency Programs – Empirical Evidence

Klein, Gordon - 2011

Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early nineties. Theoretical work has shown that leniency programs can be eff ective in enhancing cartel detection and deterrence, but these e ffects are not straight-forward. It is even...

Persistent link: https://www.econbiz.de/10013124525

Using Cost Pass-Through to Calibrate Demand

Miller, Nathan - 2012

We demonstrate that cost pass-through can be used to inform demand calibration, potentially eliminating the need for data on margins, diversion, or both. We derive the relationship between cost pass-through and consumer demand using a general oligopoly model of Nash-Bertrand competition and...

Persistent link: https://www.econbiz.de/10013098034

Market Power in the German Wholesale Electricity Market : What are the Political Options?

Schwarz, Hans-Gunter - 2007

This paper evaluates four publicly discussed policy options to mitigate market power in the German wholesale electricity market. These four options are: a regulatory solution favoured by the Federal Ministry for Economics and Technology, the implementation of a day-ahead flow-based market...

Persistent link: https://www.econbiz.de/10012728666

An Empirical Assessment of the 1996 Leniency Notice

Stephan, Andreas - 2007

Although the 1996 quot;Notice on the Non-imposition or Reduction of Fines in Cartel Casesquot; has been criticised by academics as lacking clarity and certainty, it has been described in European Commission literature as an quot;indisputable successquot; and as having played an quot;instrumental...

Persistent link: https://www.econbiz.de/10012731655

Deterrence, Recidivism and European Cartel Fines

Veljanovski, Cento - 2018

Based on an analysis of cartel prosecutions since 2007, this article assesses the way the European Commission has built up its fines in practice. The fines are compared with those imposed by the European Commission over the period from 1999 to 2006. The main findings are that, while fines have...

Persistent link: https://www.econbiz.de/10012940532

Cartel destabilization and leniency programs : empirical evidence

Klein, Gordon J. - 2010

Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early nineties. Theoretical work has shown that leniency programs can be effective in enhancing cartel detection and deterrence, but these effects are not straight-forward. It is even...

Persistent link: https://www.econbiz.de/10008822030

The Difference-in-Differences Approach in the Estimation of Cartel Damage

Maier-Rigaud, Frank P.; Sudaric, Slobodan - 2019

A crucial step in the quantification of damage in the context of damages claims is the estimation of the counterfactual … Difference-in-Differences (“DiD”) estimation procedure for the estimation of counterfactual prices. While DiD is a very powerful … estimation method, it is demanding in terms of conditions that need to be satisfied to allow a proper application, notably the …

Persistent link: https://www.econbiz.de/10014105810

Monopolization, Innovation, and Consumer Welfare

Lopatka, John E.; Page, William H. - 2015

This article, published in 2001, considers the appropriate standards for monopolization cases in which the defendant has allegedly reduced innovation by refusing to deal with the plaintiffs. We note that claims of reduced innovation are problematic, particularly in dynamic markets, because...

Persistent link: https://www.econbiz.de/10014207444

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