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About How Do Cartels Operate?
This paper distills and organizes facts about cartels from about 20 European Commission decisions over 2000-2004. It describes the properties of a collusive outcome in terms of the setting of price and a market allocation, monitoring of agreements with respect to price but more importantly sales, punishment methods for enforcing an agreement and also the use of buy-backs to compensate cartel members, methods for responding to external disruptions from non-cartel suppliers and handling over-zealous sales representatives, and operational procedures in terms of the frequency of meetings and the cartel's organizational structure.
Detailed Information
| Author: | Harrington J.E. |
|---|---|
| Publication Year: | 2006 |
| ISBN: | 353451 |
| Pages: | 105 |
| Language: | English |
| File Size: | 0.358 |
| Format: | |
| Price: | FREE |
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