Hub And Spoke Cartels
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| Author | : Luke Garrod |
| Publisher | : MIT Press |
| Total Pages | : 303 |
| Release | : 2021-11-16 |
| Genre | : Business & Economics |
| ISBN | : 0262046202 |
Download Hub-and-Spoke Cartels Book in PDF, Epub and Kindle
The first comprehensive economic and legal analysis of hub-and-spoke cartels, with detailed case studies. A cartel forms when competitors conspire to limit competition through coordinated actions. Most cartels are composed exclusively of firms that would otherwise be in competition, but in a hub-and-spoke cartel, those competitors (“spokes”) conspire with the assistance of an upstream supplier or a downstream buyer (“hub”). This book provides the first comprehensive economic and legal analysis of hub-and-spoke cartels, explaining their formation and how they operate to create and sustain a collusive environment. Sixteen detailed case studies, including cases brought against toy manufacturer Hasbro and the Apple ebook case, illustrate the economic framework and legal strategies discussed. The authors identify three types of hub-and-spoke cartels: when an upstream firm facilitates downstream firms to coordinate on higher prices; when a downstream intermediary facilitates upstream suppliers to coordinate on higher prices; and when a downstream firm facilitates upstream suppliers to exclude a downstream rival. They devote a chapter to each type, discussing the formation, coordination, enforcement, efficacy, and prosecution of these cartels, and consider general lessons that can be drawn from the case studies. Finally, they present strategies for prosecuting hub-and-spoke collusion. The book is written to be accessible to both economists and lawyers, and is intended for both scholars and practitioners.
| Author | : Luke Garrod |
| Publisher | : MIT Press |
| Total Pages | : 303 |
| Release | : 2021-11-16 |
| Genre | : Business & Economics |
| ISBN | : 026236722X |
Download Hub-and-Spoke Cartels Book in PDF, Epub and Kindle
The first comprehensive economic and legal analysis of hub-and-spoke cartels, with detailed case studies. A cartel forms when competitors conspire to limit competition through coordinated actions. Most cartels are composed exclusively of firms that would otherwise be in competition, but in a hub-and-spoke cartel, those competitors (“spokes”) conspire with the assistance of an upstream supplier or a downstream buyer (“hub”). This book provides the first comprehensive economic and legal analysis of hub-and-spoke cartels, explaining their formation and how they operate to create and sustain a collusive environment. Sixteen detailed case studies, including cases brought against toy manufacturer Hasbro and the Apple ebook case, illustrate the economic framework and legal strategies discussed. The authors identify three types of hub-and-spoke cartels: when an upstream firm facilitates downstream firms to coordinate on higher prices; when a downstream intermediary facilitates upstream suppliers to coordinate on higher prices; and when a downstream firm facilitates upstream suppliers to exclude a downstream rival. They devote a chapter to each type, discussing the formation, coordination, enforcement, efficacy, and prosecution of these cartels, and consider general lessons that can be drawn from the case studies. Finally, they present strategies for prosecuting hub-and-spoke collusion. The book is written to be accessible to both economists and lawyers, and is intended for both scholars and practitioners.
| Author | : Luke Garrod |
| Publisher | : |
| Total Pages | : |
| Release | : 2021 |
| Genre | : Cartels |
| ISBN | : 9780262367219 |
Download Hub-and-spoke Cartels Book in PDF, Epub and Kindle
"A comprehensive economic and legal analysis of a unique form of collusive behavior"--
| Author | : Luke Garrod |
| Publisher | : MIT Press |
| Total Pages | : 303 |
| Release | : 2021-11-16 |
| Genre | : Business & Economics |
| ISBN | : 026236722X |
Download Hub-and-Spoke Cartels Book in PDF, Epub and Kindle
The first comprehensive economic and legal analysis of hub-and-spoke cartels, with detailed case studies. A cartel forms when competitors conspire to limit competition through coordinated actions. Most cartels are composed exclusively of firms that would otherwise be in competition, but in a hub-and-spoke cartel, those competitors (“spokes”) conspire with the assistance of an upstream supplier or a downstream buyer (“hub”). This book provides the first comprehensive economic and legal analysis of hub-and-spoke cartels, explaining their formation and how they operate to create and sustain a collusive environment. Sixteen detailed case studies, including cases brought against toy manufacturer Hasbro and the Apple ebook case, illustrate the economic framework and legal strategies discussed. The authors identify three types of hub-and-spoke cartels: when an upstream firm facilitates downstream firms to coordinate on higher prices; when a downstream intermediary facilitates upstream suppliers to coordinate on higher prices; and when a downstream firm facilitates upstream suppliers to exclude a downstream rival. They devote a chapter to each type, discussing the formation, coordination, enforcement, efficacy, and prosecution of these cartels, and consider general lessons that can be drawn from the case studies. Finally, they present strategies for prosecuting hub-and-spoke collusion. The book is written to be accessible to both economists and lawyers, and is intended for both scholars and practitioners.
| Author | : Ioannis Lianos |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 688 |
| Release | : 2013-10-31 |
| Genre | : Law |
| ISBN | : 1781006024 |
Download Handbook on European Competition Law Book in PDF, Epub and Kindle
This Handbook will be an indispensable reference work for practitioners and scholars, as well as for those in an enforcement environment.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 64 |
| Release | : 2003-05-27 |
| Genre | : |
| ISBN | : 926410125X |
Download Hard Core Cartels Recent progress and challenges ahead Book in PDF, Epub and Kindle
This book reviews progress in the fight against hard core cartels. It quantifies the harm caused by cartels and identifies improved methods of investigation. It also examines progress in strengthening sanctions against businesses and individuals.
| Author | : Steven Van Uytsel |
| Publisher | : Springer Nature |
| Total Pages | : 224 |
| Release | : 2021-05-06 |
| Genre | : Law |
| ISBN | : 9811603243 |
Download The Digital Economy and Competition Law in Asia Book in PDF, Epub and Kindle
The digital economy, broadly defined as the economy operating on the basis of interconnectivity between people and businesses, has gradually spread over the world. Although a global phenomenon, the digital economy plays out in local economic, political, and regulatory contexts. The problems thus created by the digital economy may be approached differently depending on the context. This edited collection brings together leading scholars based in Asia to detail how their respective jurisdictions respond to the competition law problems evolving out of the deployment of the digital economy. This book is timely, because it will show to what extent new competition law regimes or those with a history of lax enforcement can respond to these new developments in the economy. Academics in law and business strategies with an interest in competition law, both in Asia and more broadly, will find the insights in this edited collection invaluable. Further, this volume will be a key resource for scholars, practitioners and students.
| Author | : Robert C. Marshall |
| Publisher | : MIT Press |
| Total Pages | : 315 |
| Release | : 2012-04-27 |
| Genre | : Business & Economics |
| ISBN | : 0262300737 |
Download The Economics of Collusion Book in PDF, Epub and Kindle
An examination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected. Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding rings function for years in a stable and peaceful manner despite the illegality of their agreements and incentives for deviation by their members. In The Economics of Collusion, Robert Marshall and Leslie Marx offer an examination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected. Marshall and Marx, who have studied collusion extensively for two decades, begin with three narratives: the organization and implementation of a cartel, the organization and implementation of a bidding ring, and a parent company's efforts to detect collusion by its divisions. These accounts—fictitious, but rooted in the inner workings and details from actual cases—offer a novel and engaging way for the reader to understand the basics of collusive behavior. The narratives are followed by detailed economic analyses of cartels, bidding rings, and detection. The narratives offer an engaging entrée to the more rigorous economic discussion that follows. The book is accessible to any reader who understands basic economic reasoning. Mathematical material is flagged with asterisks.
| Author | : Joseph E. Harrington Jr |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2018 |
| Genre | : |
| ISBN | : |
Download How Do Hub-and-Spoke Cartels Operate? Lessons from Nine Case Studies Book in PDF, Epub and Kindle
Hub-and-spoke collusion is when firms in a market coordinate their conduct by communicating through an upstream supplier or downstream customer. This study examines nine hub-and-spoke cartels towards understanding how they operate: What is the collusive scheme? How do firms achieve mutual understanding regarding that scheme? What is the role played by the hub? How effective is hub-and-spoke collusion? The paper also discusses legal approaches to hub-and-spoke collusion.
| Author | : Timothy P. Hubbard |
| Publisher | : MIT Press |
| Total Pages | : 266 |
| Release | : 2016-01-06 |
| Genre | : Business & Economics |
| ISBN | : 0262528533 |
Download Auctions Book in PDF, Epub and Kindle
How auctions work, in theory and practice, with clear explanations and real-world examples that range from government procurement to eBay. Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work. This concise, accessible, and engaging book explains both the theory and the practice of auctions. It describes the main auction formats and pricing rules, develops a simple model to explain bidder behavior, and provides a range of real-world examples. The authors explain what constitutes an auction and how auctions can be modeled as games of asymmetric information—that is, games in which some players know something that other players do not. They characterize behavior in these strategic situations and maintain a focus on the real world by illustrating their discussions with examples that include not just auctions held by eBay and Sotheby's, but those used by Google, the U.S. Treasury, TaskRabbit, and charities. Readers will begin to understand how economists model auctions and how the rules of the auction shape bidder incentives. They will appreciate the role auctions play in our modern economy and understand why these selling mechanisms are so resilient.
