The uncovering of a great number of cartels in the industrialized
world has left an unfortunate, yet significant, mark on global
economic developments in recent years. Globalization has forced
firms into more direct competition; the result has been global
price-fixing. This situation has greatly challenged antitrust
authorities. Taking a broad yet detailed approach, this work sets a
practical explanation of the history of cartels and antitrust law
in a sound theoretical framework, as well as providing suggestions
as to how potential reforms of antitrust laws could improve the
situation going forward. The book includes a comprehensive analysis
of the motivations behind and perceived necessity for organizations
to enter into cartels, and the success or otherwise of
legislatures' attempts to both uncover and prevent such cartels
from taking place. A total of 24 price-fixing conspiracies
uncovered in the US and Europe are examined as part of the analysis
to demonstrate the globalization of collusion.
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