Keywords
damage estimation, bid rigging, comparator-based methods, financial-analysis-based methods, market-structure-based methods
Abstract
The article discusses the various stages and methods of estimating damages caused by bid-rigging. Emphasized first is the importance and essence of constructing a counterfactual scenario describing what would have happened in the absence of bid-rigging. Discussed next are the technical and practical aspects of the use of the various damage-estimation methods. They include: comparator-based methods, financial-analysis-based methods, and market-structure-based methods. The description of each method is accompanied by examples of their use. Finally, the article analyses the practical considerations related to the choice of a given method (among the range of various methods available) in the context of the availability of the relevant data and credibility of the underlying assumptions.
Recommended Citation
Stryszowska, M., & Piechucka, J. (2016). Calculating damages caused by bid rigging. internetowy Kwartalnik Antymonopolowy i Regulacyjny (internet Quarterly on Antitrust and Regulation), 5(5), 110-121. https://doi.org/10.7172/2299-5749.IKAR.5.5.5
First Page
110
Last Page
121
Page Count
11
DOI
10.7172/2299-5749.IKAR.5.5.5
Publisher
University of Warsaw
