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Cartels and economic collusion : the persistence of corporate conspiracies / Michael A. Utton, emeritus professor of economics, University of Reading, UK

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Edward Elgar E-Book ArchivePublisher: Cheltenham, U.K ; Northampton, Mass, USA : Edward Elgar, 2011Description: 1 Online-Ressource (vii, 174 pages)ISBN:
  • 9781849807715
Subject(s): Additional physical formats: 9780857930798. | 9781849807708. | Erscheint auch als: Cartels and economic collusion. Druck-Ausgabe Cheltenham [u.a.] : Elgar, 2011. VII, 174 S.DDC classification:
  • 338.87 22
RVK: RVK: QR 300 | QR 200LOC classification:
  • HD2757.5
DOI: DOI: 10.4337/9781849807715Online resources: Summary: Adam Smith warned of the prevalence of corporate conspiracies more than two hundred years ago. Since then, interest in cartels has sometimes intensified (during the Great Depression, for example) and sometimes diminished, but the need for control has always remained on the antitrust agenda. This well-documented book reviews the economic case against corporate collusion, as well as the arguments made for a more permissive attitude. -- A survey of recent empirical research reveals not only the prevalence of a wide range of international cartels but also the size of the inefficiencies and costs that they impose on customers and consumers. The antitrust reaction has therefore intensified with greatly increased fines being imposed by the US, the EU and other authorities. At the same time, they have developed sophisticated leniency polices with the aim of destabilizing the illegal conspiracies. After reviewing these measures, the author concludes with the hope that this toughened approach is not modified or reversed during periods of recession.PPN: PPN: 1023438674Package identifier: Produktsigel: ZDB-1-EWE | ZDB-77-EEC
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