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The Welfare Implications of the European Trucks Cartel

Christian Beyer (), Elke Kottmann and Korbinian von Blanckenburg ()
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Christian Beyer: Ostwestfalen-Lippe University of Applied Sciences
Elke Kottmann: Ostwestfalen-Lippe University of Applied Sciences

MAGKS Papers on Economics from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

Abstract: 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.

JEL-codes: D43 D61 L62 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com and nep-tre
Date: 2018
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