Abstract

http://ssrn.com/abstract=2083699
 
 

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Concrete Shoes for Competition - The Effect of the German Cement Cartel on Market Price


Kai Hüschelrath


Centre for European Economic Research (ZEW)

Kathrin Mueller


Centre for European Economic Research (ZEW)

Tobias Veith


Centre for European Economic Research (ZEW)

2012

ZEW - Centre for European Economic Research Discussion Paper No. 12-035

Abstract:     
We use publicly available price data from the German cement industry to estimate the cartel-induced price increase. We apply two different comparator-based approaches – the ‘before-and-after’ approach and the ‘difference-in-differences’ approach – and especially study the impact of various assumptions on the transition period from the cartel period to the non-cartel period on the overcharge estimate. We find that the cement cartel led to price overcharges in a range from 20.3 to 26.5 percent depending on model approach and model assumptions.

Number of Pages in PDF File: 31

Keywords: Antitrust policy, cartels, private enforcement, damages, overcharge

JEL Classification: L41, L61, K21

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Date posted: June 13, 2012  

Suggested Citation

Hüschelrath, Kai and Mueller, Kathrin and Veith, Tobias, Concrete Shoes for Competition - The Effect of the German Cement Cartel on Market Price (2012). ZEW - Centre for European Economic Research Discussion Paper No. 12-035. Available at SSRN: http://ssrn.com/abstract=2083699 or http://dx.doi.org/10.2139/ssrn.2083699

Contact Information

Kai Hüschelrath (Contact Author)
Centre for European Economic Research (ZEW) ( email )
P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany
Kathrin Mueller
Centre for European Economic Research (ZEW) ( email )
P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany
Tobias Veith
Centre for European Economic Research (ZEW) ( email )
P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany
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