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

Arbeitspapier

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 '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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ZEW Discussion Papers ; No. 12-035

Classification and Topics

• Classification: Wirtschaft
• Subject: antitrust policy ; cartels ; private enforcement ; damages ; overcharge ; Zementindustrie ; Kartell ; Zement ; Preis ; Soziale Kosten ; Schätzung ; Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Hüschelrath, Kai ; Müller, Kathrin ; Veith, Tobias
• Event: Veröffentlichung
• (who): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (where): Mannheim
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/59521
• URN: urn:nbn:de:bsz:180-madoc-323151
• Last update: 10.03.2025, 11:42 AM CET