-
Views
-
Cite
Cite
Kai Hüschelrath, Kathrin Müller, Tobias Veith, CONCRETE SHOES FOR COMPETITION: THE EFFECT OF THE GERMAN CEMENT CARTEL ON MARKET PRICE, Journal of Competition Law & Economics, Volume 9, Issue 1, March 2013, Pages 97–123, https://doi.org/10.1093/joclec/nhs036
- Share Icon Share
Abstract
We use publicly available price data from the German cement industry to estimate the cartel-induced price increase. We apply two different comparator-based approaches—the “before-and-after” approach and the “difference-in-differences” approach—and especially study the impact of various assumptions on the transition period from the cartel period to the non-cartel period on the overcharge estimate. We find that the cement cartel led to price overcharges in a range from 20.3 to 26.5 percent, depending on model approach and model assumptions.