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Damage Estimation and Its Accuracy Antitrust Policy Implication

In Kwon Lee

International Economic Journal, 2000, vol. 14, issue 4, 87-102

Abstract: This paper empirically estimates antitrust damage based on the rich information on cost factors in the bid-rigged Texas school milk market. Empirical results demonstrate that damage estimate by antitrust agency is a significantly underestimated amount of the true damage. This understatement of true harm inevitably includes implementation biases in the antitrust system. [K21, L13, L40]

Date: 2000
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DOI: 10.1080/10168730000000037

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