Cartels Diagnosed
Cartels Diagnosed
Maarten Pieter Schinkel, Universiteit van Amsterdam
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Collusion remains a strong undercurrent of business practice despite anti-cartel enforcement being a top priority of competition authorities. Alongside active prosecution of cartels, the study of cartels is a vibrant area of research for economic and legal scholars. A challenge for both practice and scholarship is that cartels evolve, as colluding firms continuously devise new methods to circumvent competition. Cartels Diagnosed presents twelve gripping cartel case studies of collusion from key business sectors such as the airline industry, the gasoline industry, and big pharma. Written by renowned economists, these concise and accessible case studies deliver novel insights into cartel formation, facilitating practices, cartels' modus operandi, and the efficacy of cartels. Assisting in understanding new cartel mechanisms and their effects, developing new policies to deter and destabilize cartels, and measuring harm, this volume on cartel morphology is an invaluable reference for supporting public and private enforcers in detecting and prosecuting cartels.
- Expands the reader's knowledge of why and how cartels form, better equipping them to predict where cartels will form
- offers case studies of cartel practices, explaining how to detect collusion and devise policies to make them less effective
- Explains how and when cartels are most effective and the harm created by collusion
Reviews & endorsements
'Interesting case studies analysed by well-known experts provide insights into how collusion is formed and sustained; rich in detail and highly enjoyable; will be very useful for scholars and practitioners.' Massimo Motta, Universitat Pompeu Fabra and Barcelona School of Economics
'Many lament - not without reason - that antitrust agencies have been asleep at the wheel when it comes to merger review and abuses of dominant position (especially in the US). The same is not true, however, of anti-cartel policy. The ten case studies included in this volume provide an excellent testimony to the significant progress in this dimension of competition policy … Harrington and Schinkel have done the world a great service.' LuÃs Cabral, Paganelli–Bull Professor of Economics, NYU Stern School of Business
'A collection of fascinating case studies of cartels, many in Europe but in several other countries as well. All have been written by economists with detailed knowledge, lending great authenticity to their accounts. Each chapter provides unique insights into the diverse ways that cartels arise and behave, while collectively the chapters remind us that cartels are alive and doing all too well. This book is must-reading for students of cartels and policymakers alike.' John Kwoka, Neal F. Finnegan Distinguished Professor of Economics, Northeastern University
'A superb collection by leading scholars in the field. It sheds light on the diversity of cartel practices as well as on recurrent features; it moreover covers under-researched issues such as the formation of cartels or the return to collusion after episodes of price wars. An excellent source of knowledge for teachers, students and practitioners.' Patrick Rey, Professor of Economics, Toulouse School of Economics
Product details
January 2025Hardback
9781009428484
396 pages
234 × 158 × 26 mm
0.7kg
Available
Table of Contents
- Introduction
- 1. Entry barriers, personal relationships, and cartel formation: generic drugs in the United States Emily Cuddy, Robert H. Porter, Amanda Starc and Thomas G. Wollmann
- 2. 'Now you are asking for a real war!' A case study on internal stability in a cartel in the private alarm market in Norway Kurt Brekke and Lars Sørgard
- 3. The international air cargo cartel Zhiqi Chen
- 4. The difference between price fixing and fixing competition: the Israeli 'Bread Cartel' Chaim Fershtman and Yossi Spiegel
- 5. Informed sources and the role of platforms for facilitating anticompetitive communication David P. Byrne, Nicolas de Roos, A. Rachel Grinberg and Leslie M. Marx
- 6. 'Collusion with non-express communication: retail gasoline in Norway' Joseph E. Harrington, Jr.
- 7. Price wars: evidence from Quebec's retail gasoline industry Robert Clark, Marco Duarte and Jean-François Houde
- 8. Coordinated rebate reductions and semi-collusion in the Swedish gasoline market Frode Steen and Lars Sørgard
- 9. Predicting and preventing cartels in price-linked markets: the case of average bid auctions Francesco Decarolis
- 10. The economics of the LCD cartel: organization, incentives, and practical challenges Dennis Carlton, Mark Israel, Ian MacSwain and Allan Shampine
- 11. The Spanish raw tobacco cartel Thilo Klein, Helder Vasconcelos and Elena Zoido
- 12. Price parallelism in the Greek steel market: evidence of a false cartel accusation Yannis Katsoulacos and Marc Ivaldi.
