A report on Cartel and Price fixing

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

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

- Cartel

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

4 related topics with Alpha

Overall

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

Competition law

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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.

Future collusive profits

Collusion

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Deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right.

Deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right.

Future collusive profits
Set higher prices

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

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

International Air Transport Association

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Trade association of the world's airlines founded in 1945.

Trade association of the world's airlines founded in 1945.

IATA has been described as a cartel since, in addition to setting technical standards for airlines, IATA also organized tariff conferences that served as a forum for price fixing.

Lysine price-fixing conspiracy

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Organized effort during the mid-1990s to raise the price of the animal feed additive lysine.

Organized effort during the mid-1990s to raise the price of the animal feed additive lysine.

A criminal investigation resulted in fines and three-year prison sentences for three executives of ADM who colluded with the other companies to fix prices.

The cartel had been able to raise lysine prices 70% within their first nine months of cooperation.