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This chapter provides a selective review of economic theory and experimental evidence on cartels and collusion. In particular, it highlights the role of incentives in collusion and cartel formation and identifies conditions that are conducive to collusive behavior.
1 Ιαν 2007 · This paper sets out the basic economics of cartel formation and stability, the methods of estimating overcharges and "but for" prices, and concludes with a brief discussion of multiple damages.
Definition. Cartels are formal agreements or arrangements between a group of producers or suppliers to control the production, pricing, and distribution of a product or service in order to maximize profits and minimize competition.
21 Νοε 2023 · A cartel is defined in economics as a collaboration between two or more companies who attempt to manipulate the prices of a good or service. Often, the parties involved in the agreement alter...
In pursuit of detailed analysis of conceptualisation of cartel and clear definition thereof, the monograph analyses scientific manuscripts and economic papers, as well as legal documents in order to reach deep understanding and give a clear definition of the concept of cartel.
A cartel is an agreement among competing firms to collude in order to attain higher profits. Cartels usually occur in an oligopolistic industry, where the number of sellers is small and the products being traded are homogeneous.
Abstract: This paper sets out the basic economics of cartel formation and stability, methods of estimating overcharges and but for prices, and concludes with a brief discussion of multiple damage claims for price-fixing.
