Global Price Fixing

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Springer Science & Business Media, 24 мая 2007 г. - Всего страниц: 504
I have devoted myself to studying the economic organization of industries for thirty years. It has been my good fortune to work at places that tol- ated my gadfly approach to research. So long as I produced a few publi- tions each year and wooed a few graduate students to share those interests, I was free to sample a smorgasbord of economic delights: why firms div- sify, the competitive role of advertising, strategies for selling in overseas markets, measuring market power, and many others. Although firmly - chored in the eclectic analytical framework of industrial economics and focused on the food system, I traversed a wide field at will. A decade ago I had pretty much convinced myself that naked price fixing was not a high priority for scholarship. True, collusion was rife in a few industries, such as bid-rigging among suppliers of fluid milk to school districts in isolated rural districts. Ripping off milk money from school children is reprehensible enough, but the size of the economic losses from localized price fixing paled besides other sources of imperfect competition. Moreover, there were no great policy debates about the wisdom or me- ods of enforcing the price-fixing prohibitions in the Nation’s antitrust laws.
 

Содержание

Introduction
3
The Economics of Price Fixing
16
Anticartel Laws and Enforcement
53
The Citric Acid Industry
113
The Cartel Is Unmasked
151
Economic Impacts of the Citric Acid Cartel
154
Price Effects Effects of Production Effects on International Trade The Customer Overcharge Conclusions
156
The World Lysine Industry The Product and Its Use Technology of Production History of the Industry Market Size and Growth Structure of Supply ...
167
Meeting Challenges to Collusion
314
Effects of the Vitamins Cartels Duration
323
Price Effects
324
U S Government Prosecutions
340
The Civil Suits
393
The Business of Fighting Cartels
414
Global Price Fixing Summing
441
The Fate of Individual Conspirators
464

Introduction Industry Origins Market Structure Companies Market Size and Growth Trade and Location of Production
237
The Conspiracies Unravel 317
277

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