Cartel

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A cartel is a formal (explicit) agreement among competing firms. It is a formal organization of producers that agree to coordinate prices, marketing and production. Cartels usually occur in an oligopolistic industry, where there is a small number of sellers and usually involve homogeneous products. Cartel members may agree on such matters as price fixing, total industry output, market shares, allocation of customers, allocation of territories, bid rigging, establishment of common sales agencies, and the division of profits or combination of these. The aim of such collusion is to increase individual members' profits by reducing competition. Competition laws forbid cartels. Identifying and breaking up cartels is an important part of the competition policy in most countries, although proving the existence of a cartel is rarely easy, as firms are usually not so careless as to put agreements to collude on paper. Several economic studies and legal decisions of antitrust authorities have found that the median price increase achieved by cartels in the last 200 years is around 25%.
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Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130277390
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Sprache Englisch
    • Genre Psychologie
    • Größe H220mm x B150mm x T6mm
    • Jahr 2010
    • EAN 9786130277390
    • Format Fachbuch
    • ISBN 978-613-0-27739-0
    • Titel Cartel
    • Untertitel Oligopoly, Commodity, Price fixing, Market share, Bid rigging, Collusion, Profit (economics), Competition law, Competition regulator, Anti-copyright, De Beers, Drug cartel, Regulator (economics)
    • Gewicht 153g
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 92

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