Friday, 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.

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