A report on CartelCollusion and Price fixing

Headquarters of the Rhenish-Westphalian Coal Syndicate, Germany (at times the best known cartel in the world), around 1910
Future collusive profits
Does Price Fixing Destroy Liberty? (1920) by George Howard Earle Jr.
The printing equipment company American Type Founders (ATF) explicitly states in its 1923 manual that its goal is to "discourage unhealthy competition" in the printing industry.
Set higher prices

A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market.

- Cartel

Cartel behavior includes price fixing, bid rigging, and reductions in output.

- Cartel

To differentiate from a cartel, collusive agreements between parties may not be explicit; however, the implications of cartels and collusion are the same.

- Collusion

When the agreement to control price is sanctioned by a multilateral treaty or is entered by sovereign nations as opposed to individual firms, the cartel may be protected from lawsuits and criminal antitrust prosecution.

- Price fixing

Uniform prices and setting of an unjustified high or an unjustified low price

- Collusion

If the price of a new supplier is lower than the usual corporate bidding price, the reason may be that there is a collusion of bidding among existing companies.

- Price fixing
Headquarters of the Rhenish-Westphalian Coal Syndicate, Germany (at times the best known cartel in the world), around 1910

1 related topic with Alpha

Overall

Judge Coke in the 17th century thought that general restraints on trade were unreasonable.

Competition law

0 links

Field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.

Field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.

Judge Coke in the 17th century thought that general restraints on trade were unreasonable.
Elizabeth I assured monopolies would not be abused in the early era of globalization.
Senatorial Round House by Thomas Nast, 1886
There is considerable controversy among WTO members, in green, whether competition law should form part of the agreements
John Stuart Mill believed the restraint of trade doctrine was justified to preserve liberty and competition.
Paul Samuelson, author of the 20th century's most successful economics text, combined mathematical models and Keynesian macroeconomic intervention. He advocated the general success of the market but backed the American government's antitrust policies.
Robert Bork
Scottish Enlightenment philosopher Adam Smith was an early enemy of cartels.
The economist's depiction of deadweight loss to efficiency that monopolies cause

prohibiting agreements or practices that restrict free trading and competition between business. This includes in particular the repression of free trade caused by cartels.

Today, the Treaty of Lisbon prohibits anti-competitive agreements in Article 101(1), including price fixing.

A further problem of collective dominance, or oligopoly through "economic links" can arise, whereby the new market becomes more conducive to collusion.