Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/221939
Authors: 
Beyer, Christian
Kottmann, Elke
von Blanckenburg, Korbinian
Year of Publication: 
2020
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 55 [Year:] 2020 [Issue:] 2 [Pages:] 120-126
Abstract: 
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.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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