The Welfare Implications of the European Trucks Cartel
C. Beyer, E. Kottmann, K. von Blanckenburg, Intereconomics 55 (2020) 120–126.
Zeitschriftenaufsatz
| Veröffentlicht
| Englisch
Einrichtung
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.
Erscheinungsjahr
Zeitschriftentitel
Intereconomics
Band
55
Zeitschriftennummer
2
Seite
120-126
ISSN
eISSN
ELSA-ID
Zitieren
Beyer C, Kottmann E, von Blanckenburg K. The Welfare Implications of the European Trucks Cartel. Intereconomics. 2020;55(2):120-126. doi:10.1007/s10272-020-0881-5
Beyer, C., Kottmann, E., & von Blanckenburg, K. (2020). The Welfare Implications of the European Trucks Cartel. Intereconomics, 55(2), 120–126. https://doi.org/10.1007/s10272-020-0881-5
Beyer C, Kottmann E and von Blanckenburg K (2020) The Welfare Implications of the European Trucks Cartel. Intereconomics 55, 120–126.
Beyer, Christian, Elke Kottmann, and Korbinian von Blanckenburg. “The Welfare Implications of the European Trucks Cartel.” Intereconomics 55, no. 2 (2020): 120–26. https://doi.org/10.1007/s10272-020-0881-5.
Beyer, Christian, Elke Kottmann und Korbinian von Blanckenburg. 2020. The Welfare Implications of the European Trucks Cartel. Intereconomics 55, Nr. 2: 120–126. doi:10.1007/s10272-020-0881-5, .
Beyer, Christian ; Kottmann, Elke ; von Blanckenburg, Korbinian: The Welfare Implications of the European Trucks Cartel. In: Intereconomics Bd. 55. Berlin ; Heidelberg [u.a.], Springer (2020), Nr. 2, S. 120–126
C. Beyer, E. Kottmann, K. von Blanckenburg, The Welfare Implications of the European Trucks Cartel, Intereconomics. 55 (2020) 120–126.
C. Beyer, E. Kottmann, and K. von Blanckenburg, “The Welfare Implications of the European Trucks Cartel,” Intereconomics, vol. 55, no. 2, pp. 120–126, 2020.
Beyer, Christian, et al. “The Welfare Implications of the European Trucks Cartel.” Intereconomics, vol. 55, no. 2, Springer, 2020, pp. 120–26, doi:10.1007/s10272-020-0881-5.
Beyer, Christian et. al. (2020): The Welfare Implications of the European Trucks Cartel, in: Intereconomics 55 (2), S. 120–126.
Beyer C, Kottmann E, von Blanckenburg K. The Welfare Implications of the European Trucks Cartel. Intereconomics. 2020;55(2):120–6.
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