On the other hand, the behavior ofcartelscan also be considered a prisoner’s dilemma. All members of a cartel can collectively enrich themselves by restricting output to keep the price that each receives high enough to capture economic rents from consumers, but each cartel member individually has...
We also examine how the organization succeeds in the face of institutional characteristics that imply that its cartel activities would be doomed. Finally, we speculate on what changes might be on the horizon for the NCAA and college athletics....
The price of oil and therefore gasoline and other fuel derivatives is determined primarily by supply and demand, though nonmarket forces like the Organization of Petroleum Exporting Countries (OPEC) cartel also play a role. A wide range of factors can affect supply and demand for oil, including ...
Toshiyuki Nambu, an official of the Japan Fair Trade Commission (JFTC) wriVan Uytsel, StevenSocial Science Electronic PublishingUytsel, Steven, (2015), "Anti-Cartel Enforcement in Japan: Does Leniency Make the Difference?" in C Beaton-Wells & C Tan (eds.) Anti-Cartel Enforcement in a ...
On 14 July, 2009, the Austrian Supreme Court ruled that cartel law infringements do not automatically qualify as unfair commercial practices under the Austrian Act against Unfair Competition.…Rainer Palmstorfer
Regulated sectors: The Swiss Federal Administrative Court declares that the Swiss Cartel Act does not apply to certain prescription drugs that are not covered by health insurance (Pfizer, Eli Lilly, Bayer)Tribunal administratif fédéral, arrêts du 3 décembre 1013, Pfizer, Eli Lilly (Suisse), ...
OPEC Fails to Stop Falling Oil Prices. Does the Cartel Still Have Sway?Officials with the Organization of the Petroleum ExportingCountries (OPEC) left a meeting this...Schouten, Lucy
A tension in the U.S. approach to international cartel enforcement: At what point does aggressive pursuit of individuals undercut the corporate leniency program?Megan DixonDownload PDF
In a judgment of 23 January 2009, which was recently made available, the Higher Regional Court of Dusseldorf ("Court") dismissed a claim by a customer (Edelhoff) for the restitution of sums already…Martin Favart