| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP6338
|
| DP6338 Soaring Minds: The Flight of Israel?s Economists |
| Dan Ben-David
|
| 发表日期 | 2007-06-15
|
| 出版年 | 2007
|
| 语种 | 英语
|
| 摘要 | We develop a general economic framework for computing cartel damages claims. We decompose a direct purchaser plaintiff's lost profits from the cartel in three parts: the anticompetitive price overcharge (or cost effect), the pass-on effect and the usually neglected output effect. The pass-on effect is the extent to which the plaintiff passes on the price overcharge by raising its own price, and the output effect is the lost business resulting from this passing-on. To evaluate the relative importance of the three effects, we subsequently introduce various models of imperfect competition for the plaintiff's industry. We show that an adjusted passing-on defense (i.e. accounting for the output effect) is justified under a wide variety of circumstances, provided that suficiently many of the plaintiff's rivals are affected by the cartel. We derive exact discounts to the price overcharge, which depend on relatively easy-to-observe variables, such as the pass-on rate, the number of firms, the number of firms affected by the cartel, and/or the market shares. We finally extend our framework to assess the cartel's total harm (on purchaser plaintifs and consumers), further demonstrating the crucial importance of the output effect. Our results are particularly relevant in light of the recent developments in U.S. and European antitrust policies. |
| 主题 | Industrial Organization
|
| 关键词 | Cartels
Damages
Passing-on defence
|
| URL | https://cepr.org/publications/dp6338
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| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535168
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推荐引用方式
GB/T 7714 |
Dan Ben-David. DP6338 Soaring Minds: The Flight of Israel?s Economists. 2007.
|
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