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November 19, 2004
New Working Paper From American Antitrust Institute
The following submitted by David Giacalone:
AAI WORKING PAPER #04-05, John M. Connor, Price-Fixing
Overcharges: Legal and Economic Evidence
This 104-page paper by Professor Connor, an
economist at Purdue and an AAI Advisory Board member, surveys hundreds of
published social-science studies of private, hard-core cartels that contained
674 observations of long-run overcharges.The primary finding is that the
median cartel overcharge for all types of cartels over all time periods is
25%: 18% for domestic cartels, 32% for international cartels, and 28% for all
successful cartels. These findings suggest that U.S. and non-U.S. cartel
penalties ought to be increased.
Overcharges: Legal and Economic Evidence
This 104-page paper by Professor Connor, an
economist at Purdue and an AAI Advisory Board member, surveys hundreds of
published social-science studies of private, hard-core cartels that contained
674 observations of long-run overcharges.The primary finding is that the
median cartel overcharge for all types of cartels over all time periods is
25%: 18% for domestic cartels, 32% for international cartels, and 28% for all
successful cartels. These findings suggest that U.S. and non-U.S. cartel
penalties ought to be increased.
November 19, 2004 | Permalink
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