The Welfare Implications of the European Trucks Cartel
Christian Beyer (),
Elke Kottmann and
Korbinian von Blanckenburg ()
Additional contact information
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)
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
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.uni-marburg.de/fb02/makro/forschung/ma ... 18/18-2018_beyer.pdf First 201818 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mar:magkse:201818
Access Statistics for this paper
More papers in MAGKS Papers on Economics from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) Contact information at EDIRC.
Bibliographic data for series maintained by Bernd Hayo ().