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Global Price Fixing - Our Customers are the Enemy (Hardcover, 2001 ed.)
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Global Price Fixing - Our Customers are the Enemy (Hardcover, 2001 ed.)
Series: Studies in Industrial Organization, 24
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The goal of "Global Price Fixing" is to describe andanalyze the
origins, operation, and impacts of global cartels in themarkets for
lysine, citric acid, and vitamins. The work isfundamentally a
historical approach to understanding the interplayamong personal
motivations, economic forces, and the enforcement ofthe competition
laws of the major industrial nations.The first chapter highlights
the renewed importance of internationalprice-fixing conspiracies
after an absence of nearly 50 years. Twofollowing chapters provide
background on the economics theory andlegal principles relevant to
understanding cartels. Nine followingchapters comprise the economic
core of this book. Three chapters aredevoted to each of the three
cartels selected for intensive study: citric acid, lysine, and
vitamins. The next four chapters thenconcentrate on the legal
fallout from the discovery of the threecartels by the world's
antitrust authorities. Chapter 17 provides adescription of a few
additional selected cartels with features notfound in the lysine,
citric acid, and vitamins cases. The penultimatechapter considers
whether the antitrust resources of governmentagencies and private
plaintiffs are sufficient to deter global pricefixing in the
foreseeable future. This final chapter attempts toidentify major
themes that appear throughout the book and to provide asummary of
the ultimate impact of the global-cartel pandemic of the1990s.
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