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International cartelists face investigations and possible fines in a score of national and supranational jurisdictions, but the three with the most consistent legal responses to global cartels are the United States, Canada, and the EU. This paper examines the antitrust fines and private...
Persistent link: https://www.econbiz.de/10005248359
In a paper published in the Journal of Economic Perspectives in the fall of 2003, Robert Crandall and Clifford Winston all but call for the repeal of the Nation’s antitrust laws. Their qualifications to make such a radical proposal are in doubt, but more importantly their purported review of...
Persistent link: https://www.econbiz.de/10005248361
ADM was at the center of two large global price-fixig 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...
Persistent link: https://www.econbiz.de/10005827099
This paper presents and analyses economic data on 167 international cartels that were discovered by antitrust authorities after January 1990. The median cartel had five corporate members and generated $1.2 billion in sales during the collusive period. Nearly 40% of affected sales occurred in the...
Persistent link: https://www.econbiz.de/10005771584
This paper presents two major economic arguments relevant to a decision facing the U.S. Supreme Court in early 2004. In Empagran v. F. Hoffmann-LaRoche the Court must decide whether companies like Empagran, an Ecuadorian animal-feed manufacturer, ought to be permitted to sue for treble damages...
Persistent link: https://www.econbiz.de/10005771591