Cartel Detection and Duration Worldwide, II

John M. Connor, Sep 28, 2011

In the old days-before price-fixing became illegal nearly everywhere-cartels operated in the public sphere. In some cases, the formation of a new cartel would be trumpeted to the business press because after a disastrous decline in prices, the market needed to be “stabilized.” Sometimes these saviors of industries would even publish the new scheme’s contract, which might be enforceable in a national court. Legal and scholarly opinion supported the many benefits of cartels in tough times. If successful, their members knew, profitability would return and possibly r

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