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- Examining real-world cases of industrial collusion
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How Cartels Endure and How They Fail: Studies of Industrial Collusion
Manufacturer: Edward Elgar Publishing
ProductGroup: Book
Binding: Hardcover
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Qualifying Textbooks - Spring 2007
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ASIN: 1858988306 |
Book Description
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 behavior. This book looks at the experience of actual cartels and challenges their portrayal as found in the existing literature.
The eleven chapters by leading researchers of industrial organization study real examples of industrial collusion. The authors investigate the formation, behavior, activity and purpose of cartels, and illustrate the intricacies of collusive relationships. In the process they question the existing economic theory surrounding the operation of cartels, which in practice do not always adhere to the textbook models or to complex game theoretic rules. Although much economic research suggests that cartels are doomed to failure, the authors find that there are many examples of industries where cartels have succeeded in controlling prices and output over a prolonged period of time.
This book is a groundbreaking attempt to study empirically a range of cartels throughout the world, providing both historical and contemporary examples of collusion to enrich the arguments. Academics, policymakers, lawyers and economists working in the fields of industrial organization and competition policy will find this to be a highly original and thought-provoking volume.
Customer Reviews:
Examining real-world cases of industrial collusion.......2005-01-11
Expertly compiled and deftly edited by Peter Z. Grossman (Clarence Efroymson Chair inEconomics, Butler University), How Cartels Endure And How They Fail: Studies Of Industrial Collusion is an anthology of graduate studies level essays by leading researchers of industrial organization study, examining real-world cases of industrial collusion across the world. Striving to answer why some cartels fail and others succeed, and examining examples that do not always follow textbook models, How Cartels Endure and How They Fail applies extensive scholarship and research to illustrate its advanced theories and insights, from the role of governmental policy in cartel survival in Japan to the stability of ocean shipping cartels to international commodity agreements as internationally sanctioned cartels, and much more. A superb resource especially for policymakers, lawyers and economists involved in matters of industrial organization and competition.
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