Economists and policy analysts know very little about the conditions under which cartels are formed in different legal environments, how they behave against outsiders, how they behave against deviating insiders, and how they react to changes in the economic environment. This event will provide a space to discuss these aspect, based on two projects funded by SEEK.
One of the projects studies cartel organisation – a little-known topic – through the lens of legal cartels. While such cartels did not have to fear detection and prosecution, they faced the same internal organisational challenges as illegal cartels. The focus is on comparing empirically, in specific sectors, the organisational forms of legal cartels in countries with different legal regimes. The project has collected data on Austrian, Finnish, Norwegian, Swedish and US legal cartels.
The other project has developed new theoretical insight into the anatomy of hard-core cartels and combined it with a rich data set on the recent German cement cartel. The results of this project will be presented to the audience attending the event. The private data set comprises about 340,000 market transactions from 36 customers of German cement producers and encompasses most of the period during which the cartel was functioning, as well as a period after the collapse of the cartel.
11.30 - 11.45Welcome speech by Reinhilde Veugelers, KU Leuven and Bruegel
11.45 – 12.15Legal Cartels in Europe – A Historical Episode? David Genesove, The Hebrew University of Jerusalem, Israel
12.15 – 12.45Legal Cartels in Europe – A Cross National Comparison;Otto Toivanen, KU Leuven, Belgium, and Konrad Stahl, University of Mannheim, Germany
12.45 – 13.00Coffee Break
13.00 – 13.30Illegal Cartels in Europe – The Case of the German Cement Cartel;Kai Hüschelrath, MaCCI, ZEW, and University of Mannheim, Germany
13.30 – 14.00Discussion: Member of the Cartel Group, DG CompMember of a National Competition Authority
14.00 – 14.30Lunch
This event is jointly organised by ZEW and Bruegel.
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