IDEAS home Printed from https://ideas.repec.org/p/ags/puaesp/28680.html
   My bibliography  Save this paper

ARCHER DANIELS MIDLAND: PRICE FIXER TO THE WORLD (Third Edition)

Author

Listed:
  • Connor, John M.

Abstract

Both market structure and corporate practices of Archer Daniels Midland fostered the implementation of the largest price-fixing conspiracies seen in modern times. The overcharges imposed on U.S. buyers of lysine and citric acid during 1994-1995 by ADM and its co-conspirators amounted to at least $250 million, and the total amount of public penalties, private damages, and legal costs exceeds $740 million. Perpetrators of price-fixing now face monetary exposures that are five times the amount of the harm caused to buyers. These events have spurred renewed attention by U.S. antitrust authorities in prosecuting international cartels.

Suggested Citation

  • Connor, John M., 1998. "ARCHER DANIELS MIDLAND: PRICE FIXER TO THE WORLD (Third Edition)," Staff Papers 28680, Purdue University, Department of Agricultural Economics.
  • Handle: RePEc:ags:puaesp:28680
    DOI: 10.22004/ag.econ.28680
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/28680/files/sp98-10.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.28680?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Connor, John M., 1998. "What Can We Learn From The Adm Global Price Conspiracies?," Staff Papers 28621, Purdue University, Department of Agricultural Economics.

    More about this item

    Keywords

    Demand and Price Analysis;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:puaesp:28680. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dapurus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.