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The Global Lysine Price-Fixing Conspiracy of 1992–1995


  • John M. Connor


Market structure and the corporate decision-making practices of several multinational corn refiners fostered implementation of the largest price-fixing conspiracies in modern times. These events have renewed the attention of U.S. antitrust authorities in prosecuting international cartels. Archer Daniels Midland (ADM) and its co-conspirators' direct overcharges to lysine buyers during 1992 through 1995 amounted to at least $70 million, and the total public penalties, private damages, and legal costs exceed $200 million. Price-fixing perpetrators now face monetary exposures five times the amount of the harm imposed on buyers.

Suggested Citation

  • John M. Connor, 1997. "The Global Lysine Price-Fixing Conspiracy of 1992–1995," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 19(2), pages 412-427.
  • Handle: RePEc:oup:revage:v:19:y:1997:i:2:p:412-427.

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    References listed on IDEAS

    1. Paul Thompson, 1986. "The social goals of agriculture," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 3(4), pages 32-42, September.
    2. Quiggin, John, 2012. "The Economics of New Media," Risk and Sustainable Management Group Working Papers 151528, University of Queensland, School of Economics.
    3. McGuire, Richard T., 1994. "A new model to reach water quality goals," Choices, Agricultural and Applied Economics Association, vol. 9(2).
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    Cited by:

    1. Chen, Natalie & Imbs, Jean & Scott, Andrew, 2009. "The dynamics of trade and competition," Journal of International Economics, Elsevier, vol. 77(1), pages 50-62, February.
    2. Marshall, Robert C. & Marx, Leslie M. & Raiff, Matthew E., 2008. "Cartel price announcements: The vitamins industry," International Journal of Industrial Organization, Elsevier, vol. 26(3), pages 762-802, May.
    3. Baines, Joseph, 2014. "The Ethanol Boom and the Restructuring of the Food Regime," Working Papers on Capital as Power 2014/03, Capital As Power - Toward a New Cosmology of Capitalism.

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