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The global citric acid conspiracy: Legal-economic lessons

Author

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  • John M. Connor

    (Department of Agricultural Economics at Purdue University)

Abstract

ADM was at the center of two large global price-fixing 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. © 1998 John Wiley & Sons, Inc.

Suggested Citation

  • John M. Connor, 1998. "The global citric acid conspiracy: Legal-economic lessons," Agribusiness, John Wiley & Sons, Ltd., vol. 14(6), pages 435-452.
  • Handle: RePEc:wly:agribz:v:14:y:1998:i:6:p:435-452
    DOI: 10.1002/(SICI)1520-6297(199811/12)14:6<435::AID-AGR2>3.0.CO;2-S
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    References listed on IDEAS

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    1. John M. Connor, 2000. "Archer Daniels Midland:Price Fixer To The World," Working Papers 00-11, Purdue University, College of Agriculture, Department of Agricultural Economics.
    2. John M. Connor, 1998. "What Can We Learn From The Adm Global Price Conspiracies?," Working Papers 98-14, Purdue University, College of Agriculture, Department of Agricultural Economics.
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    Cited by:

    1. Bolotova, Yuliya & Connor, John M. & Miller, Douglas J., 2008. "The impact of collusion on price behavior: Empirical results from two recent cases," International Journal of Industrial Organization, Elsevier, vol. 26(6), pages 1290-1307, November.
    2. Gregory Werden, 2008. "Assessing the Effects of Antitrust Enforcement in the United States," De Economist, Springer, vol. 156(4), pages 433-451, December.
    3. John M. Connor, 2004. "Extraterritoriality Of The Sherman Act And Deterrence Of Private International Cartels," Working Papers 04-08, Purdue University, College of Agriculture, Department of Agricultural Economics.
    4. Hüschelrath, Kai, 2009. "Methodologische Grundlagen einer Evaluation von Wettbewerbspolitik," ZEW Discussion Papers 09-084, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    5. Mihail BUŞU & Bogdan CÎMPAN, 2014. "Screening Methods For The Detection Of Cartels," Network Intelligence Studies, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 3, pages 21-31, April.
    6. Yuliya Bolotova & John M. Connor & Douglas J. Miller, 2007. "Factors influencing the magnitude of cartel overcharges: An empirical analysis of food-industry cartels," Agribusiness, John Wiley & Sons, Ltd., vol. 23(1), pages 17-33.

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