Cartels and collusion
Microeconomix intervenes in support of its clients and their lawyers in information exchanges and cartels allegation cases. Combining economic theoretical models with facts finding and data analysis allows evaluating the evidence of a collusive agreement. Based on the analysis of the market structure and the observed market evolutions, our work helps to identify factors facilitating the emergence and stability of collusive agreements as well as evaluating the effects of information exchanges between competitors on market outcome.
The identification of the economic model that best suits the functioning of market concerned and its comparison to the observed facts allows evaluating whether the evidence used by the competition authorities to claim the existence of a cartel is consistent with effective competition. We also confront the collusive scenarios presented by the competition authority with the empirical findings in order to rebut antitrust allegations.
We use empirical economic analyses in order to establish whether the evolution of prices in a market could have been caused by other factors than the collusive agreement. We investigate whether certain periods or groups of products were unaffected by the alleged cartel activity.
We construct rigorous reasoning supporting legal strategies and offer practical and professional advice in a non-technical manner understandable to a non-economic audience. We help in evaluating the gravity of the infringement and to evaluate the effects of the alleged collusive behavior on prices and product quality and choice.
The state-of-the-art economic analysis combined with conduct detailed market research and/or econometric modeling provides tools to construct robust but-for scenarios and to evaluate the damages to the economy and the individual or collective prejudices suffered by the parties involved. We estimate sales, prices and profits that would have been if the collusive behavior had not taken place and compare it with the actual outcome. Based on those estimates, we evaluate damages inflicted on customers or suppliers.
Microeconomix has a sound experience in cartel allegations cases to provide a wide base of expertise to former article 81 (101 TFEU) litigations. We have advised clients in many industries, including telecommunications, perfumery, plywood products and oil.
