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Title: |
Damage Estimation and Its Accuracy: Antitrust Policy Implication |
| Author: |
Lee, In Kwon |
| Author
Affiliation: |
Korea Econ
Research Institute |
| Source: |
International Economic Journal, Winter 2000, v. 14, no. 4, pp. 87-102 |
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Publication Date: |
Winter 2000 |
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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 induces
implementation biases in the antitrust system. |
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