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How Cartels Endure And How They Fail |
Edited by Peter Z. Grossman, Clarence Efroymson Chair in Economics, Butler University, US
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| 2004 |
336 pp |
Hardback |
978 1 85898 830 6 |
£80.00 |
on-line discount
£72.00 |
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‘This book is about one of the most elusive problems in industrial organization – why some collusive agreements flourish while others fail. It brings together, in one place, much of the best recent work in the literature on this topic. I think the book will become a staple of reading lists for graduate industrial organization courses, and it will be invaluable for antitrust lawyers and policymakers.’
– Sam Peltzman, University of Chicago, US
Why do some cartels fail and others succeed? This question has intrigued economists for a hundred years, and they have created an extensive body of theory to help explain cartel behaviour. This book looks at the experience of actual cartels and challenges their portrayal as found in the existing literature.
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Contents: Introduction: What Do We Mean by Cartel Success? 1. Studies of Cartel Stability: A Comparison of Methodological Approaches 2. Decreasing Average Cost and Competition: A New Look at the Addyston Pipe Case 3. The Stability of Ocean Shipping Cartels 4. Why One Cartel Fails and Another Endures: The Joint Executive Committee and the Railroad Express 5. A Practice without Defenders: The Price Effects of Cartelization 6. If Cartels Were Legal, When Would Firms Fix Prices? 7. The Difference Government Policy Makes: The Case of Japan 8. Political Constraints on Government Cartelization: The Case of Oil Production Regulation in Texas and Saudi Arabia 9. International Commodity Agreements as Internationally Sanctioned Cartels 10. Response to Decline in the Western European Synthetic Fibre Industry: An Investigation of a Crisis Cartel 11. Collaborate to Collude? Multimarket and Multiproject Contact in R&D Index
Contributors: G. Bittlingmayer, A.R. Dick, C.L. Gilbert, P.Z. Grossman, Y. Jang, J.R. Kinghorn, M.C. Levenstein, G.D. Libecap, R. Nielsen, P. Simpson, W. Sjostrom, J.L. Smith, V.Y. Suslow, M. Tilton, N.S. Vonortas
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