We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel … even more – by up to 83 percent – after the cartel breakdowns. Our results not only suggest that competition authorities …

. 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 …

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. …

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 …

on average by 10% is much too low, and that principles of optimal deterrence indicate that current levels of cartel …