eprintid: 25703
rev_number: 5
eprint_status: archive
userid: 1482
importid: 105
dir: disk0/00/02/57/03
datestamp: 2018-05-16 13:45:56
lastmod: 2021-04-02 15:57:25
status_changed: 2018-05-16 13:45:56
type: article
succeeds: 15816
metadata_visibility: show
creators_name: Boyer, Marcel
creators_name: Kotchoni, Rachidi
creators_idrefppn: 121383830
title: How Much Do Cartels Overcharge?
ispublished: pub
subjects: subjects_ECO
abstract: 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. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1610262, 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.
date: 2015-09
date_type: published
publisher: Kluwer
official_url: http://tse-fr.eu/pub/32076
faculty: tse
divisions: tse
keywords: Antitrust
keywords: Cartel overcharges
keywords: Heckman correction
keywords: Antitrust Cartel overcharges
keywords: Kullback–Leibler divergence
keywords: Meta-analysis
language: en
has_fulltext: FALSE
view_date_year: 2015
full_text_status: none
publication: Review of Industrial Organization
volume: 47
number: 2
pagerange: 119-153
refereed: TRUE
issn: 0889-938X
oai_identifier: oai:tse-fr.eu:32076
harvester_local_overwrite: issn
harvester_local_overwrite: faculty
harvester_local_overwrite: publisher
harvester_local_overwrite: creators_idrefppn
oai_lastmod: 2018-03-16T08:57:37Z
oai_set: tse
site: ut1
citation:   Boyer, Marcel <https://www.idref.fr/121383830> and Kotchoni, Rachidi  (2015) How Much Do Cartels Overcharge?    Review of Industrial Organization, 47 (2).  pp. 119-153.