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Damage Estimation and Its Accuracy Antitrust Policy Implication

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  • Lee In Kwon

Abstract

This paper empirically estimates antitrust damage based on the rich information on cost factors in the bid-rigged Texas school milk market. Empirical results demonstrate that damage estimate by antitrust agency is a significantly underestimated amount of the true damage. This understatement of true harm inevitably includes implementation biases in the antitrust system. [K21, L13, L40]

Suggested Citation

  • Lee In Kwon, 2000. "Damage Estimation and Its Accuracy Antitrust Policy Implication," International Economic Journal, Taylor & Francis Journals, vol. 14(4), pages 87-102.
    • Handle: RePEc:taf:intecj:v:14:y:2000:i:4:p:87-102
    DOI: 10.1080/10168730000000037
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    References listed on IDEAS

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    1. Michael F. Sproul, 2009. "Antitrust and Prices," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 84-95, April.
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