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Cartels and Economic Collusion

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  • Michael A. Utton

Abstract

Adam Smith warned of the prevalence of corporate conspiracies more than two hundred years ago. Since then, interest in cartels has sometimes intensified (during the Great Depression, for example) and sometimes diminished, but the need for control has always remained on the antitrust agenda. This well-documented book reviews the economic case against corporate collusion, as well as the arguments made for a more permissive attitude.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Michael A. Utton, 2011. "Cartels and Economic Collusion," Books, Edward Elgar Publishing, number 14208.
    • Handle: RePEc:elg:eebook:14208
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    References listed on IDEAS

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    1. M.A. Utton, 1979. "Diversification and Competition," National Institute Economic Review, National Institute of Economic and Social Research, vol. 89(1), pages 53-55, August.
    2. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54, National Bureau of Economic Research, Inc.
    3. Bryant, Peter G & Eckard, E Woodrow, Jr, 1991. "Price Fixing: The Probability of Getting Caught," The Review of Economics and Statistics, MIT Press, vol. 73(3), pages 531-536, August.
    4. John M. Connor, 2004. "Global Antitrust Prosecutions of Modern International Cartels," Journal of Industry, Competition and Trade, Springer, vol. 4(3), pages 239-267, September.
    5. Broadberry, S. N. & Crafts, N. F. R., 1992. "Britain's Productivity Gap in the 1930s: Some Neglected Factors," The Journal of Economic History, Cambridge University Press, vol. 52(3), pages 531-558, September.
    6. Michael A. Utton, 2006. "International Competition Policy," Books, Edward Elgar Publishing, number 4010.
    7. Dick, Andrew R, 1996. "When Are Cartels Stable Contracts?," Journal of Law and Economics, University of Chicago Press, vol. 39(1), pages 241-283, April.
    8. Easterbrook, Frank H, 1985. "Detrebling Antitrust Damages," Journal of Law and Economics, University of Chicago Press, vol. 28(2), pages 445-467, May.
    9. Scott,John T., 2005. "Purposive Diversification and Economic Performance," Cambridge Books, Cambridge University Press, number 9780521022583, September.
    10. Green, Edward J & Porter, Robert H, 1984. "Noncooperative Collusion under Imperfect Price Information," Econometrica, Econometric Society, vol. 52(1), pages 87-100, January.
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    12. Michael A. Utton, 2003. "Market Dominance and Antitrust Policy, Second Edition," Books, Edward Elgar Publishing, number 2461.
    13. Posner, Richard A, 1970. "A Statistical Study of Antitrust Enforcement," Journal of Law and Economics, University of Chicago Press, vol. 13(2), pages 365-419, October.
    14. Bresnahan, Timothy F., 1989. "Empirical studies of industries with market power," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 2, chapter 17, pages 1011-1057, Elsevier.
    15. Shaw, R W & Shaw, S A, 1983. "Excess Capacity and Rationalisation in the West European Synthetic Fibres Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 32(2), pages 149-166, December.
    16. Grossman, Gene M & Shapiro, Carl, 1986. "Research Joint Ventures: An Antitrust Analysis," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 2(2), pages 315-337, Fall.
    17. Peter J. Buckley & Mark Casson, 1985. "The Economic Theory of the Multinational Enterprise," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-05242-4, March.
    18. Switgard Feuerstein, 2005. "Collusion in Industrial Economics—A Survey," Journal of Industry, Competition and Trade, Springer, vol. 5(3), pages 163-198, December.
    19. Patrick A. Messerlin, 1990. "Anti-Dumping Regulations or Pro-Cartel Law? The EC Chemical Cases," The World Economy, Wiley Blackwell, vol. 13(4), pages 465-492, December.
    20. Joseph E. Stiglitz & G. Frank Mathewson (ed.), 1986. "New Developments in the Analysis of Market Structure," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262690934, April.
    21. Valerie Y. Suslow, 2005. "Cartel contract duration: empirical evidence from inter-war international cartels," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 14(5), pages 705-744, October.
    22. Connor, John M. & Bolotova, Yuliya, 2006. "Cartel overcharges: Survey and meta-analysis," International Journal of Industrial Organization, Elsevier, vol. 24(6), pages 1109-1137, November.
    23. George Hay, 2000. "The Meaning of ``Agreement'' under the Sherman Act: Thoughts from the ``Facilitating Practices'' Experience," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 16(2), pages 113-129, March.
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    Citations

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    Cited by:

    1. Willem H. Boshoff & Rossouw van Jaarsveld, 2019. "Recurrent Collusion: Cartel Episodes and Overcharges in the South African Cement Market," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 54(2), pages 353-380, March.
    2. Choi, Daewoung & Gam, Yong Kyu & Shin, Hojong, 2020. "Corporate fraud under pyramidal ownership structure: Evidence from a regulatory reform," Emerging Markets Review, Elsevier, vol. 45(C).
    3. Hubert Buch-Hansen & Clement Levallois, 2015. "The Scale and Geography of Collusion in the European Market: A Longitudinal View," Journal of Common Market Studies, Wiley Blackwell, vol. 53(4), pages 737-752, July.
    4. Rastislav Funta, 2012. "Legal and Economic Analysis of Cartels, their Enforcement and the Leniency Program," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 2, pages 35-47, June.
    5. Agnihotri, Arpita, 2015. "How to avoid regulatory antitrust scrutiny: The behavioral defense," Business Horizons, Elsevier, vol. 58(4), pages 441-447.

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    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • L0 - Industrial Organization - - General
    • D0 - Microeconomics - - General

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