| Author (Person) | Moreau, Flavien, Panon, Ludovic |
|---|---|
| Publisher | International Monetary Fund |
| Series Title | IMF Working Papers |
| Series Details | WP/22/104, Number 104 |
| Publication Date | May 2022 |
| ISBN | 9798400210686 |
| ISSN | 1018-5941 |
| Content Type | Research Paper |
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Summary: We provide systematic evidence on cartels’ characteristics, using novel data on cases investigated by the French Competition Authority. These practices are widely spread across sectors and cartel members are typically among the top firms in their industries. In a model with heterogeneous firms and collusion, cartels amplify misallocation by charging supracompetitive markups. Breaking down French cartels would increase aggregate productivity by 2%, welfare by 3.5%, bringing the economy 37% closer to the efficient frontier. These numbers shed light on the aggregate importance of collusion. |
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| Source Link |
Link to Main Source
https://www.imf.org/en/Publications/WP/Issues/2022/05/27/Macroeconomic-Effects-of-Market-Structure-Distortions-Evidence-from-French-Cartels-518414
Alternative sources
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| Subject Categories | Business and Industry, Internal Markets |
| Subject Tags | Competition Law | Policy |
| Keywords | Antitrust | Cartels | Dominant Position | Market Abuse |
| Countries / Regions | France |
