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dc.contributor.authorSmuda, Florianen_US
dc.date.accessioned2012-08-08en_US
dc.date.accessioned2012-08-16T13:54:43Z-
dc.date.available2012-08-16T13:54:43Z-
dc.date.issued2012en_US
dc.identifier.piurn:nbn:de:bsz:180-madoc-324973-
dc.identifier.urihttp://hdl.handle.net/10419/60482-
dc.description.abstractThis paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment on the magnitude of overcharges is analyzed. The mean and median overcharge rates are found to be 20.70 percent and 18.37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic region of cartel operation influence the level of overcharges considerably. Furthermore, empirical evidence suggests that the currently existing fine level of the EU Guidelines is too low to achieve optimal deterrence.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 12-050en_US
dc.subject.jelL13en_US
dc.subject.jelL41en_US
dc.subject.jelL44en_US
dc.subject.ddc330en_US
dc.subject.keywordcartelsen_US
dc.subject.keywordoverchargesen_US
dc.subject.keywordEuropeen_US
dc.subject.keywordfinesen_US
dc.subject.keyworddeterrenceen_US
dc.subject.keyworddamagesen_US
dc.subject.stwKartellen_US
dc.subject.stwBetriebliche Preispolitiken_US
dc.subject.stwWettbewerbsaufsichten_US
dc.subject.stwStrafeen_US
dc.subject.stwEU-Wirtschaftsrechten_US
dc.subject.stwEU-Staatenen_US
dc.titleCartel overcharges and the deterrent effect of EU competition lawen_US
dc.typeWorking Paperen_US
dc.identifier.ppn720794498en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:zewdip:12050-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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