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Estimating the Value of Antitrust Investigations: A Case Study in Agriculture

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  • Coatney, Kalyn T.
  • Tack, Jesse B.

Abstract

The goal of our analysis is to enhance the understanding of the value of antitrust regulatory activities, specifically the impact of investigations of anticompetitive behavior. The results suggest that prices significantly increased as soon as the targets of the investigation were made aware they were being investigated. Higher prices are suggestive of a more competitive market outcome, which in turn suggests that the benefits of an investigation begin accruing immediately upon awareness by the offending party. The higher prices remained as long as the investigation was open. After the investigation was closed, market prices systematically declined to the same low pre-knowledge state.

Suggested Citation

  • Coatney, Kalyn T. & Tack, Jesse B., 2011. "Estimating the Value of Antitrust Investigations: A Case Study in Agriculture," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103548, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea11:103548
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    File URL: http://purl.umn.edu/103548
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    Cited by:

    1. Kalyn T. Coatney & Dale J. Menkhaus & Sherrill Shaffer, 2014. "Impacts of a Capacity Advantaged Bidder in Sequential Common Value Auctions: Evidence from the Laboratory," CAMA Working Papers 2014-17, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    More about this item

    Keywords

    Antitrust; Auctions; Agricultural and Food Policy; Demand and Price Analysis; K42; D44; C23;

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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