Read more
"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"--
List of contents
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 Sørgard; 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-François Houde; 8. Coordinated rebate reductions and semi-collusion in the Swedish gasoline market Frode Steen and Lars Sørgard; 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.
About the author
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.
Summary
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.
Foreword
This volume contains novel and insightful case studies of cartels written by renowned economists with intimate knowledge of the case.
