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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
The focus of cartel damages law is on the recovery of the cartel overcharge. Parties other than purchasers are often … standing—which excludes parties that supply either the cartel or the firms that purchase from the cartel with complementary … allocation and the distribution of surpluses depend on whether producers of complements purchase from the cartel or supply the …
Persistent link: https://www.econbiz.de/10012963485
community to deter future cartel formation. We present two simple theoretical models, focussing respectively on composition and …
Persistent link: https://www.econbiz.de/10012953394
Economic approaches to determining criminal sanctions focus on harm-based “optimal” penalties. In this note, we examine the extent to which the criminal fines for organizations convicted of price fixing contained in the United States Sentencing Commission Guidelines (USSG) and relied on by...
Persistent link: https://www.econbiz.de/10012960055
There have been a number of studies attempting to quantify the impact of cartels and mergers on prices. The state of the art of empirical analysis related to antitrust is best illustrated by the research of John Connor and John Kwoka. Connor summarizes the existing empirical research that...
Persistent link: https://www.econbiz.de/10012944581
conduct there is no obvious economic theory of harm giving rise to the expectation of damage. In such cases, it is plausible … that a detailed quantitative analysis does not find any damage. Competition authorities prosecute and fine cartel conduct … analysis is at the heart of the matter. The general belief that any conduct labelled as cartel will always and everywhere cause …
Persistent link: https://www.econbiz.de/10013026401
The focus of cartel damages law is on the recovery of the cartel overcharge. Parties other than purchasers are often … standing—which excludes parties that supply either the cartel or the firms that purchase from the cartel with complementary … producers of complements should be treated alike, regardless of whether they purchase from the cartel or supply the cartel or …
Persistent link: https://www.econbiz.de/10012934717
Algorithmic competition has arrived. With it has come the specter of algorithmic collusion – rapid detection of co-conspirators’ defection via technologically enhanced price monitoring and setting capability can encourage anticompetitive collusion. Strikingly, the ability to track...
Persistent link: https://www.econbiz.de/10014093500
Antitrust and competition law is subject to increasing polarization, especially regarding Internet giants. Some scholars argue that the tech giants abuse their dominant positions, while others point to the increase they contribute to consumer welfare. These two camps seem irreconcilable, mainly...
Persistent link: https://www.econbiz.de/10014101781
This article proposes an incentive-based method to facilitate private antitrust enforcement in the European Union. Focusing exclusively on cartels, the article first explains why antitrust enforcement benefits from being both public and private. It goes on to suggest that through an improved...
Persistent link: https://www.econbiz.de/10014191086