The Welfare Implications of the European Trucks Cartel

Christian Beyer (), Elke Kottmann () and Korbinian von Blanckenburg ()
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Christian Beyer: Technische Hochschule Ostwestfalen-Lippe
Elke Kottmann: Technische Hochschule Ostwestfalen-Lippe
Korbinian von Blanckenburg: Technische Hochschule Ostwestfalen-Lippe

Intereconomics: Review of European Economic Policy, 2020, vol. 55, issue 2, 120-126

Abstract: 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.

Date: 2020
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DOI: 10.1007/s10272-020-0881-5

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