Global Price Fixing
Global Price Fixing

Author: John M. Connor

Publisher: Springer Science & Business Media

Published: 2013-12-01

Total Pages: 611

ISBN-13: 1461302935

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Some books get written, others write themselves. This book is the latter type. I have devoted myselfto studying the economic organization of industries related to food and agriculture for almost twenty-five years. It has been my good fortune to work at places that tolerated my gadfly approach to research. So long as I produced a few publications each year and wooed a few graduate students to share those interests, I was free to pursue an array of topics: why firms diversifY, the competitive role of advertising, strategies for selling in overseas markets, measuring market power, and many others. Although firmly anchored in the eclectic analytical framework of industrial economics and focused on the food system, I traversed a wide field at will. Some years ago, I had pretty much convinced myself that naked price fixing was not a high priority for scholarship in these industries. True, collusion was rife in a few food industries, such as bid-rigging among suppliers of fluid milk to school districts in isolated rural districts. Ripping off milk money from school children is reprehensible enough, but the size of the economic losses from localized price fixing paled besides other sources of imperfect competition.

Rats in the Grain
Rats in the Grain

Author: James B Lieber

Publisher: Basic Books

Published: 2002-01-10

Total Pages: 392

ISBN-13: 0465024270

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Beneath the wholesome image of Archer Daniels Midland lie some of the dirtiest practices in American business: price-fixing, bribery, and cover-ups. Unfolding like a legal thriller, Rats in the Grain portrays the crime and punishment of ADM during the largest white-collar criminal trial of the 1990s. James Lieber profiles the witnesses, the defense lawyers and federal prosecutors, the inner workings of the Justice Department's Antitrust Division, and the unpredictable mole Lieber had access to. "A detailed account of how an influential corporation can go rotten." -- The Cleveland Plain Dealer

The Informant
The Informant

Author: Kurt Eichenwald

Publisher: Portobello Books

Published: 2012-02-09

Total Pages: 498

ISBN-13: 1846274648

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The Informant is Mark Whitacre, a senior executive with America's most powerful food giant, who put his career and his family's safety at risk to become a confidential government witness. Using Whitacre's secret recordings and a team of agents, the FBI uncovered the corporation's scheme to steal millions of dollars from its own customers. But as the FBI closed in on their target, they suddenly realized that Whitacre wasn't quite playing the game they'd thought ... This is the gripping account of how a corporate golden boy became an FBI mole and went on to double-cross both the authorities and his employers in one of the most extraordinary cases of global corporate corruption of the last thirty years.

The Private Enforcement of Competition Law in Ireland
The Private Enforcement of Competition Law in Ireland

Author: David McFadden

Publisher: A&C Black

Published: 2014-07-18

Total Pages: 399

ISBN-13: 1782251235

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Competition is recognised as a key driver of growth and innovation. Competition ensures that businesses continually improve their goods and services whilst striving to reduce their costs. Anti-competitive conduct by businesses, such as price-fixing, causes harm to the economy, to other businesses and to consumers. It is small businesses and the consumer who ultimately pay the price for anti-competitive conduct. A coherent competition policy that is both effectively implemented and effectively enforced is essential in driving growth and innovation in a market economy. The importance of competition was recently emphasised when the EU/ECB/IMF 'Troika' included a number of competition specific conditions to the terms of Ireland's bailout. Both Irish and Community law recognise the right for parties injured by anti-competitive conduct to sue for damages. This right to damages, in theory, allows those that have suffered loss to recover that loss whilst helping to deter others from taking the illegal route to commercial success. However private actions for damages in Ireland are rare. This book asks what the purpose of private competition litigation is and questions why there has been a dearth of this litigation in Ireland. The author makes a number of suggestions for reform of the law to enable and encourage private competition litigation. The author takes as his starting point the European Commission's initiative on damages actions for breach of the EC antitrust rules and compares the position in Ireland to that currently found in the UK and US.

Cartelization, Antitrust and Globalization in the US and Europe
Cartelization, Antitrust and Globalization in the US and Europe

Author: Mark S. LeClair

Publisher: Taylor & Francis

Published: 2012-07-26

Total Pages: 197

ISBN-13: 1136940774

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The uncovering of a great number of cartels in the industrialised world has left an unfortunate, yet significant, mark on global economic developments in recent years. Globalization has forced firms into more direct competition; the result has been global price-fixing. This situation has greatly challenged antitrust authorities. Taking a broad yet detailed approach, this work sets a practical explanation of the history of cartels and antitrust law in a sound theoretical framework, as well as providing suggestions as to how potential reforms of antitrust laws could improve the situation going forward. The book includes a comprehensive analysis of the motivations behind and perceived necessity for organisations to enter into cartels, and the success or otherwise of legislatures’ attempts to both uncover and prevent such cartels from taking place. A total of 24 price-fixing conspiracies uncovered in the US and Europe are examined as part of the analysis to demonstrate the globalization of collusion.