Collusion remains a strong undercurrent of business practice despite anti-cartel enforcement being a top priority of competition authorities. Alongside active prosecution of cartels, the study of cartels is a vibrant area of research for economic and legal scholars. A challenge for both practice and scholarship is that cartels evolve, as colluding firms continuously devise new methods to circumvent competition. Cartels Diagnosed presents twelve gripping cartel case studies of collusion from key business sectors such as the airline industry, the gasoline industry, and big pharma. Written by renowned economists, these concise and accessible case studies deliver novel insights into cartel formation, facilitating practices, cartels' modus operandi, and the efficacy of cartels. Assisting in understanding new cartel mechanisms and their effects, developing new policies to deter and destabilize cartels, and measuring harm, this volume on cartel morphology is an invaluable reference for supporting public and private enforcers in detecting and prosecuting cartels.
Illustrates new and sophisticated properties of cartels in case studies that can support developing new collusive theories and practice. This book assists in understanding new cartel mechanisms and their effects, detecting cartels, distinguishing collusion from competition, and measuring harm.
Recenzijos
'Interesting case studies analysed by well-known experts provide insights into how collusion is formed and sustained; rich in detail and highly enjoyable; will be very useful for scholars and practitioners.' Massimo Motta, Universitat Pompeu Fabra and Barcelona School of Economics 'Many lament - not without reason - that antitrust agencies have been asleep at the wheel when it comes to merger review and abuses of dominant position (especially in the US). The same is not true, however, of anti-cartel policy. The ten case studies included in this volume provide an excellent testimony to the significant progress in this dimension of competition policy Harrington and Schinkel have done the world a great service.' Luķs Cabral, PaganelliBull Professor of Economics, NYU Stern School of Business 'A collection of fascinating case studies of cartels, many in Europe but in several other countries as well. All have been written by economists with detailed knowledge, lending great authenticity to their accounts. Each chapter provides unique insights into the diverse ways that cartels arise and behave, while collectively the chapters remind us that cartels are alive and doing all too well. This book is must-reading for students of cartels and policymakers alike.' John Kwoka, Neal F. Finnegan Distinguished Professor of Economics, Northeastern University 'A superb collection by leading scholars in the field. It sheds light on the diversity of cartel practices as well as on recurrent features; it moreover covers under-researched issues such as the formation of cartels or the return to collusion after episodes of price wars. An excellent source of knowledge for teachers, students and practitioners.' Patrick Rey, Professor of Economics, Toulouse School of Economics
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This volume contains novel and insightful case studies of cartels written by renowned economists with intimate knowledge of the case.
Introduction;
1. Entry barriers, personal relationships, and cartel
formation: generic drugs in the United States Emily Cuddy, Robert H. Porter,
Amanda Starc and Thomas G. Wollmann;
2. 'Now you are asking for a real war!'
A case study on internal stability in a cartel in the private alarm market in
Norway Kurt Brekke and Lars Sųrgard;
3. The international air cargo cartel
Zhiqi Chen;
4. The difference between price fixing and fixing competition:
the Israeli 'Bread Cartel' Chaim Fershtman and Yossi Spiegel;
5. Informed
sources and the role of platforms for facilitating anticompetitive
communication David P. Byrne, Nicolas de Roos, A. Rachel Grinberg and Leslie
M. Marx;
6. 'Collusion with non-express communication: retail gasoline in
Norway' Joseph E. Harrington, Jr.;
7. Price wars: evidence from Quebec's
retail gasoline industry Robert Clark, Marco Duarte and Jean-Franēois Houde;
8. Coordinated rebate reductions and semi-collusion in the Swedish gasoline
market Frode Steen and Lars Sųrgard;
9. Predicting and preventing cartels in
price-linked markets: the case of average bid auctions Francesco Decarolis;
10. The economics of the LCD cartel: organization, incentives, and practical
challenges Dennis Carlton, Mark Israel, Ian MacSwain and Allan Shampine;
11.
The Spanish raw tobacco cartel Thilo Klein, Helder Vasconcelos and Elena
Zoido;
12. Price parallelism in the Greek steel market: evidence of a false
cartel accusation Yannis Katsoulacos and Marc Ivaldi.
Joseph Harrington is the Patrick T. Harker Professor in the Department of Business Economics and Public Policy at The Wharton School, University of Pennsylvania. A world-renowned cartel specialist with over hundred articles in economics and law journals, and books including: Economics of Regulation and Antitrust (5th ed., 2018), The Theory of Collusion and Competition Policy (2017), and Hub-and-Spoke Cartels (2021), he teaches master classes on collusion and cartel enforcement, is a regular keynote speaker on cartels at international conferences, and has acted as a consulting expert for competition authorities and private litigants throughout the world. Maarten Pieter Schinkel is a professor of economics and the University of Amsterdam. He is a leading European scholar on competition policy economics, including cartel behaviour and damages estimation, and the (co-)author of numerous academic articles and several books, including European Commission Decisions on Competition: Economic Analysis in Antitrust and Merger Cases (CUP, 2011). He has published extensively on 'green antitrust'. Schinkel is an award winning teacher, contributes to the public debate on competition policy and has acted as an expert witness in European cartel damages cases, including Trucks and Elevators.
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