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Product differentiation is well established as being the key source of the cereal industry's high price-cost margins. However, there is little consensus as to whether pricing collusion is also a source of profitability, and indeed, whether price even serves as a strategic variable in this...
Persistent link: https://www.econbiz.de/10014215451
While there are suggestions in applied cartel studies that price dispersion changes when cartelization of a market … the link between overt collusion and price dispersion. Formal theories and observation of cartel behavior suggest that …
Persistent link: https://www.econbiz.de/10014062753
This chapter examines anti-cartel enforcement in selected jurisdictions around the world, paying particular attention …. There are numerous indicators that enforcement in North America comes closest to optimal deterrence of illegal cartel … against cartel violators is hampered by court rules that severely limit the rights of cartel victims to seek compensation in …
Persistent link: https://www.econbiz.de/10013136896
This is an interim report on what has been called “the largest criminal investigation the Antitrust Division has ever pursued.” It provides preliminary information on the nature of the allegations, the global scope of the investigations, and the magnitude of damages
Persistent link: https://www.econbiz.de/10013096414
Cartels are illegal in India, as they are almost everywhere. They are subject to heavy fines. Why, then, do businesses frequently try to fix prices? Because doing so usually is profitable. On average cartels raise prices by more than 20%, and probably face less than a 25% chance of being caught...
Persistent link: https://www.econbiz.de/10013081128
In this paper we model cartel duration as a mixed proportional hazard model and condition on cartel characteristics … such as the agency first detecting the cartel, industry, if it is a bid rigging or price fixing cartel, the number of … longer-lived than others, while cartels distributed across geographies tend to be shorter-lived. Cartel durations are …
Persistent link: https://www.econbiz.de/10013082128
Justice has great latitude in recommending corporate cartel fines to the federal courts, and its recommendations are nearly …-deterrence model is quite good. We find that U.S. corporate cartel fines are strongly directly related to economic injuries from …
Persistent link: https://www.econbiz.de/10013085647
recoveries and their role in deterring cartels. The mainfindings are:• Recoveries of cartel damages occur overwhelmingly in the ….• U.S. cartel recoveries are growing exponentially and will likely reach $60 billion in 2017.• Every U.S. criminal cartel … average severity of cartel penalties is highest for Canadian fines (15% of affected sales for local to 17% for global …
Persistent link: https://www.econbiz.de/10013089860
Using the overcharge estimates for 333 cartel episodes, we evaluate the effect of cartel characteristics and changes in … percent of selling price. International cartels imposed higher overcharges than domestic cartels. Longer cartel episodes …
Persistent link: https://www.econbiz.de/10013152637
results demonstrate the significance of five categories of explanatory factors: market structure, internal cartel organization … with previous cartel duration studies, industry concentration and market share have positive effects on cartel duration …. Contrary to former findings, the present analysis exhibits a positive relationship between economic downturns and cartel …
Persistent link: https://www.econbiz.de/10012723768