MEASURING THE TRUE HARM FROM PRICE-FIXING TO BOTH DIRECT AND INDIRECT PURCHASERS

• Published in: The Journal of industrial economics Vol. 58; no. 4; pp. 895 - 927
• Main Authors: BASSO, LEONARDO J., ROSS, THOMAS W.
• Format: Journal Article
• Language: English
• Published: Oxford, UK Blackwell Publishing Ltd 01.12.2010; Blackwell Publishing
• Subjects: Antitrust; antitrust damages; Cartels; Competition; Competitiveness; Corporate crime; Cost functions; Damage compensation; Economic competition; Financial loss; Industrial economics; K21; L41; L42; Legal aspects; Marginal costs; pass-through; Price fixing; Prices; Prosecutorial overcharging; Publishing industry; Purchasers; Recoverable damages; Studies

Legal actions by direct and indirect purchasers to recover damages from price-fixing, common in the United States for years, are now appearing in a number of other countries. Traditional measures of damages are flawed as measures of the true harm suffered and will often significantly understate that...