Global Price Fixing Our Customers are the Enemy
Some books get written, others write themselves. This book is the latter type. I have devoted myselfto studying the economic organization of industries related to food and agriculture for almost twenty-five years. It has been my good fortune to work at places that tolerated my gadfly approach to res...
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| Format: | eBook |
| Language: | English |
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New York, NY
Springer US
2001, 2001
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| Edition: | 1st ed. 2001 |
| Series: | Studies in Industrial Organization
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- 18. The Business of Fighting Cartels
- A Boon for Law Firms
- Can the Antitrust Agencies Cope?
- Are New Laws Needed?
- Antitrust Sanctions: An Overall Appraisal
- 19. Global Price Fixing: Summing Up
- Market Structure Matters
- Escalating Antitrust Sanctions and Deterrence
- Financial Impacts of Antitrust Sanctions
- Corporate Governance Structures
- The Fate of Individual Conspirators
- The Social Costs of Global Cartels
- Antitrust Prosecutors: Methods and Reputations
- An Antitrust Tragedy
- References
- 13. U.S. Government Prosecution of the Cartels
- The Antitrust Division
- The Biggest Mole Ever Seen
- Enter the FBI
- The Grand Juries3
- The FBI Raids
- The Lysine Guilty Pleas
- The Citric Acid Prosecutions
- Prosecution of the Vitamins Cartels
- High Fructose Corn Syrup: The Forgotten Cartel?
- Impact on Civil Cases
- Were the Fines High Enough?
- 14. Antitrust Prosecutions by Foreign Governments
- Lysine
- Citric Acid
- Vitamins
- 15. The Chicago Criminal Trial
- The Main Issues
- Pre-Trial Motions
- The Trial Opens
- Witnesses for the Prosecution
- The End Game
- The Verdict
- The Sentencing Phase
- 16. The Civil Suits
- The Federal Lysine Case
- The Federal Citric Acid Case
- The Federal Corn Sweeteners Cases
- The Vitamins Cases
- Indirect Purchasers’ Cases
- Effectiveness of Civil Antitrust Penalties
- 17. More Global Cartels
- Food-and-Feed Ingredients
- Other Global Cartels
- More Cartels to Come?
- Corporate Recidivism
- 1. Introduction
- Purpose and Scope
- Importance of the Cases
- Sources and Methods
- Organization
- 2. The Economics of Price Fixing
- Basic Theory
- Price Fixing Defined
- Cartel Theory
- Conditions Facilitating Collusion
- Effects of Collusion
- Cartel Histories
- 3. Anticartel Laws and Enforcement
- Market Power
- The Sherman Act
- Prosecuting Price Fixing
- Anticartel Enforcement Abroad
- International Cooperation
- 4. The Citric Acid Industry
- The Product
- Technology and Early Development
- Market Size and Growth
- The Structure of Production
- Members of the Cartel
- International Trade Patterns
- Costs of Production
- Selling Practices
- 5. The Citric Acid Conspiracy
- Triggering Events13
- Meetings and Methods13
- Citric Acid Price Movements
- The Role of Cargill
- The China Problem
- The Cartel Is Unmasked
- 6. Economic Impacts of the Citric Acid Cartel
- Price Effects
- Effects on Production
- Effects on International Trade
- The Customer Overcharge
- Conclusions
- 7. The World Lysine Industry
- The Product and Its Uses
- Technology of Production
- History of the Industry
- Market Size and Growth
- Structure of Supply in the 1990s
- Members of the Cartel
- International Trade and Investment
- Selling Practices
- 8. The Lysine Conspiracy
- The Price War of 1991–1992
- Meetings and Methods
- The Cartel is Unmasked
- 9. Economic Effects of the Lysine Cartel
- Price Effects
- Production Effects
- Effects on International Trade
- Effects on Profits
- The Customer Overcharge
- Conclusions
- 10. The Global Vitamins Industry
- Origins of the Industry
- Companies
- Market Structure
- Market Size and Growth
- Trade and Location of Production
- 11. The Vitamins Conspiracies
- Formation of the Cartels
- Global Cartel Connections
- How the Conspiracies WereOrganized
- 12. Effects of the Vitamins Cartel
- Price Effects
- Profits
- Customer Overcharges