This book describes and analyzes the formation, operation, and impacts of modern global cartels. It provides a broad picture of the economics, competition law and history of international price fixing. Intensive case studies of collusion in the markets for lysine, citric acid, and vitamins offer a deep, detailed understanding of the phenomenon. The author assesses whether antitrust enforcement by the European Union, the United States, and other countries can deter cartels.

InhaltsangabeThe Economics of Price Fixing.- Anticartel Laws and Enforcement.- The Citric Acid Industry.- The Citric Acid Conspiracy.- Economic Impacts of the Citric Acid Cartel.- The World Lysine Industry.- The Lysine Conspiracy.- Economic Effects of the Lysine Cartel.- The Global Vitamins Industries.- The Vitamins Conspiracies.- Effects of the Vitamins Cartels.- U.S. Government Prosecutions.- Antitrust Prosecutions Outside the United States.- The Civil Suits.- The Business of Fighting Cartels.- Global Price Fixing: Summing Up.