Concrete shoes for competition: the effect of the German cement cartel on market price


Hüschelrath, Kai ; Müller, Kathrin ; Veith, Tobias


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URL: https://ub-madoc.bib.uni-mannheim.de/32315
URN: urn:nbn:de:bsz:180-madoc-323151
Document Type: Working paper
Year of publication: 2012
The title of a journal, publication series: ZEW Discussion Papers
Volume: 12-035
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: L41 , L61 , K21,
Keywords (English): Antitrust policy , cartels , private enforcement , damages , overcharge
Abstract: We use publicly available price data from the German cement industry to estimate the cartelinduced price increase. We apply two different comparator-based approaches – the ‘beforeand- 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.

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Hüschelrath, Kai ; Müller, Kathrin ; Veith, Tobias (2012) Concrete shoes for competition: the effect of the German cement cartel on market price. Open Access ZEW Discussion Papers Mannheim 12-035 [Working paper]
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