"Our customers are our enemies" The lysine cartel of 1992-1995

被引：41

作者：

Connor J.M. ^{[1
]}

机构：

[1] Dept. of Agricultural Economics, Purdue University, West Lafayette IN 47907-1145

来源：

Review of Industrial Organization | 2001年 / 18卷 / 1期

关键词：

Antitrust law; Archer Daniels Midland; Cartel; Citric acid; Deparment of Justice; Lysine; Overcharge;

D O I：

10.1023/A:1026513927396

中图分类号：

学科分类号：

摘要：

Prosecution of the lysine cartel signaled a resurgence in global price-fixing conspiracies in dozens of markets. It was the first to enter the video age and set new precedents for large criminal fines. This paper examines the sensitivity of overcharges generated by the cartel to several factors: time period, seasonality of demand, and the price absent collusion. Civil settlements in the federal class action (including the interrelated citric acid conspiracy) were the fourth highest in legal history. Yet, overcharges of $65 to $134 million mean that buyers in the federal class received at most single damages. The opt-out firms got double damages.

引用

页码：5 / 21

页数：16

共 25 条

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