The Welfare Implications of the European Trucks Cartel
This paper presents a pragmatic approach to calculating the total economic loss induced by a cartel, focusing on the European trucks cartel (1997–2011). This comprehensible and transparent approach builds on the theory of monopoly pricing and uses the publicly available data of the infringing compan...
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| Veröffentlicht in: | Inter economics 2020-03, Vol.55 (2), p.120-126 |
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| creator | Beyer, Christian Kottmann, Elke von Blanckenburg, Korbinian |
| description | This paper presents a pragmatic approach to calculating the total economic loss induced by a cartel, focusing on the European trucks cartel (1997–2011). This comprehensible and transparent approach builds on the theory of monopoly pricing and uses the publicly available data of the infringing companies. Overall, a net welfare loss of up to 15.5 billion euro and an overcharge to the amount of up to 7.6% are estimated. This loss to society cannot be offset by fines or private damage claims and should raise awareness for antitrust policy. The findings presented are relevant for both practitioners and policymakers. |
| doi_str_mv | 10.1007/s10272-020-0881-5 |
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| subjects | Antitrust Automobiles Cartels Competition Competition policy Damage claims Economic conditions Economic models Economic Policy Economic problems Economics Economics and Finance Europa European Integration Kartell Labor Economics Lastkraftwagen Losses Monopoly capitalism Policy making Prices Social Policy Society Trucking industry Trucks Wettbewerbspolitik |
| title | The Welfare Implications of the European Trucks Cartel |
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