How Much Do Cartel Overcharge?

How Much Do Cartel Overcharge? Connor and Lande (Issues in competition law and policy, pp 2203–2218, 2008) conducted a survey of cartels and found a mean overcharge estimate in the range of 31–49 %. By examining more sources, Connor (Price-fixing overcharges, 2nd edn. , 2010) finds a mean of 50.4 % for successful cartels. However, the data that are used in those studies are estimates that are obtained from different methodologies, sources, and contexts rather than from direct observation. We conduct a meta-analysis of cartel overcharge estimates that provides a sound treatment of these matters and other data problems. We find a bias-corrected mean and median overcharge estimate of 15.47 and 16.01 %. Our results have significant antitrust policy implications. Review of Industrial Organization Springer Journals

How Much Do Cartel Overcharge?

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Springer US
Copyright © 2015 by Springer Science+Business Media New York
Economics / Management Science; Industrial Organization; Microeconomics
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