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The Welfare Implications of the European Trucks Cartel
We present a pragmatic approach to calculating the total economic loss induced by a cartel, focusing on the European trucks cartel (1997-2011). Overall, we estimate a net welfare loss up to € 15.5 bn. and an overcharge to the amount of 7.6%. Our approach builds on the theory of monopoly pricing and...
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| Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 18-2018) |
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| Main Authors: | , , |
| Format: | Article |
| Language: | English |
| Published: |
Philipps-Universität Marburg
2018
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| Subjects: | |
| Online Access: | PDF Full Text |
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| Summary: | We present a pragmatic approach to calculating the total economic loss induced by a cartel, focusing on the European trucks cartel (1997-2011). Overall, we estimate a net welfare loss up to € 15.5 bn. and an overcharge to the amount of 7.6%. Our approach builds on the theory of monopoly pricing and uses the publicly available profit data of the infringing companies. It is comprehensible, transparent, and applicable to collusion on list prices, what makes it particularly relevant for both policymakers and practitioners. |
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| Physical Description: | 13 Pages |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0572 |