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What Can We Learn From The Adm Global Price Conspiracies?

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Author Info
John M. Connor () (Department of Agricultural Economics, College of Agriculture, Purdue University)

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Abstract

ADM was at the center of two large global price-fixig conspiracies. Buyers were overcharged $116 to $378 million in the United States. Market structure and corporate management style facilitated these cartels. The criminal prosecutions and defendants' legal strategies were both laudatory, but civil plaintiffs were short-changed. ADM has undergone severe management restructuring, but the effectiveness of apprehending global cartels with national legal enforcement is questionable.

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Publisher Info
Paper provided by Purdue University, College of Agriculture, Department of Agricultural Economics in its series Working Papers with number 98-14.

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Length: 49 pages
Date of creation: 1998
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Handle: RePEc:pae:wpaper:98-14

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Related research
Keywords: Price fixing global cartel antitrust citric acid market structure structural change lysine international trade Archer Daniels Midland Co. welfare analysis

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. John M. Connor, 1998. "ARCHER DANIELS MIDLAND:PRICE FIXER TO THE WORLD (Third Edition)," Working Papers 98-10, Purdue University, College of Agriculture, Department of Agricultural Economics. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Joseph E Harrington Jr, 2002. "Post-Cartel Pricing during Litigation," Economics Working Paper Archive 488, The Johns Hopkins University,Department of Economics, revised Jun 2003. [Downloadable!]
    Other versions:
  2. Joseph E Harrington, 2001. "Optimal Cartel Pricing in the Presence of an Antitrust Authority," Economics Working Paper Archive 460, The Johns Hopkins University,Department of Economics, revised Jul 2002. [Downloadable!]
    Other versions:
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This page was last updated on 2008-10-31.

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