This paper presents and analyses economic data on 167 international cartels that were discovered by antitrust authorities after January 1990. The median cartel had five corporate members and generated $1.2 billion in sales during the collusive period. Nearly 40% of affected sales occurred in the...

This paper presents two major economic arguments relevant to a decision facing the U.S. Supreme Court in early 2004. In Empagran v. F. Hoffmann-LaRoche the Court must decide whether companies like Empagran, an Ecuadorian animal-feed manufacturer, ought to be permitted to sue for treble damages...

ADM was at the center of two large global price-fixig conspiracies. Buyers were overcharged $116 to $378 million in the United States. Market structure and corporate management style facilitated these cartels. The criminal prosecutions and defendants' legal strategies were both laudatory, but...

International cartelists face investigations and possible fines in a score of national and supranational jurisdictions, but the three with the most consistent legal responses to global cartels are the United States, Canada, and the EU. This paper examines the antitrust fines and private...

In a paper published in the Journal of Economic Perspectives in the fall of 2003, Robert Crandall and Clifford Winston all but call for the repeal of the Nation’s antitrust laws. Their qualifications to make such a radical proposal are in doubt, but more importantly their purported review of...

Shredded wheat was invented in the late 19th century and has been marketed under the Nabisco brand name since 1925. In 1985 the R.J. Reynolds Tobacco Company acquired the Nabisco Company and in 1988 the RJR Nabisco Company underwent a leveraged buyout (LBO) led by Kolberg, Kravis, and Roberts...

Antitrust policy and the economic analysis of related issues in the food channel have attracted the attention of agricultural economists since the passage of the Sherman Antitrust Act in 1890. In this paper we endeavor to provide some information on the actual operation of antitrust policies in...

When a competitor buys another competitor in a local food market, prices may increase because there is less competition. The antitrust laws are designed to prevent mergers that most likely will result in higher prices. Economists do three things to help legal authorities determine whether a...