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The Global Lysine Price-Fixing Conspiracy of 1992–1995

Listed author(s):
  • 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.

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File URL: http://hdl.handle.net/10.2307/1349749
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Article provided by Agricultural and Applied Economics Association in its journal Review of Agricultural Economics.

Volume (Year): 19 (1997)
Issue (Month): 2 ()
Pages: 412-427

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Handle: RePEc:oup:revage:v:19:y:1997:i:2:p:412-427.
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