Abstract
On July 23, 2015, the Spanish National Markets and Competition Commission (CNMC) passed judgement (S/0482/13) against 20 automotive sector companies for alleged restrictive competition practices between March 2004 and August 2013. The exchange of information among the different companies would have had repercussions on the fixing of vehicle sale prices, homogenization of conditions and future commercial plans for the automobile sale and post-sale services in Spain. This paper estimates the loss suffered by consumers as a result of these collusive practices using the Before and After method. We have reconstructed the prices that would have prevailed in the absence of the collusive practice. The analysis reveals an increase of 10.16 percent. The observation of the prices and the production of automobiles during the period exhibits an anomalous behaviour with respect to GDP evolution and prices in the economy as a whole.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
