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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Cartels and Economic Collusion - The Persistence of Corporate Conspiracies (Hardcover)
Loot Price: R2,469
Discovery Miles 24 690
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Cartels and Economic Collusion - The Persistence of Corporate Conspiracies (Hardcover)
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Adam Smith warned of the prevalence of corporate conspiracies more
than two hundred years ago. Since then, interest in cartels has
sometimes intensified (during the Great Depression, for example)
and sometimes diminished, but the need for control has always
remained on the antitrust agenda. This well-documented book reviews
the economic case against corporate collusion, as well as the
arguments made for a more permissive attitude. A survey of recent
empirical research reveals not only the prevalence of a wide range
of international cartels but also the size of the inefficiencies
and costs that they impose on customers and consumers. The
antitrust reaction has therefore intensified with greatly increased
fines being imposed by the US, the EU and other authorities. At the
same time, they have developed sophisticated leniency polices with
the aim of destabilizing the illegal conspiracies. After reviewing
these measures, the author concludes with the hope that this
toughened approach is not modified or reversed during periods of
recession. This insightful book will appeal to undergraduates in
economics, business and law studying antitrust and law and
economics.
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