Hub-and-spoke cartels : why they form, how they operate, and how to prosecute them / Luke Garrod, Joseph E. Harrington Jr., and Matthew Olczak.

Format:

Book

Author/Creator:

Garrod, Luke, author.

Harrington, Joseph Emmett, 1957- author.

Olczak, Matthew, author.

Series:

The MIT Press

Language:

English

Subjects (All):

Cartels.

Physical Description:

1 online resource

Place of Publication:

Cambridge, Massachusetts : The MIT Press, [2021]

Summary:

"A comprehensive economic and legal analysis of a unique form of collusive behavior"-- Provided by publisher.

Contents:

Intro

Contents

Preface

1 Introduction

1.1 What Is a Hub-and-Spoke Cartel?

1.2 Why Study Hub-and-Spoke Cartels?

1.3 Approach and Overview

2. General Analysis of Hub-and-Spoke Collusion

2.1 Collusion Requires Participation, Stability, and Coordination

2.2 Participation, Stability, and Coordination Conditions for a Hub-and-Spoke Cartel

2.3 Summary and Final Remarks

3. Collusion to Raise Downstream Prices: Upstream Supplier as Hub

3.1 Economic Framework

3.2 Cases

3.3 General Lessons

3.4 Appendix: Sugar (Canada)

3.5 Technical Appendix

4. Collusion to Raise Downstream Prices: Downstream Intermediary as Hub

4.1 Economic Framework

4.2 Cases

4.3 General Lessons

5. Collusion to Exclude Rival Firms

5.1 Economic Framework

5.2 Cases

5.3 General Lessons

5.4 Appendix: Automobile Retailing-General Motors (US)

5.5 Technical Appendix

6. General Assessment of Hub-and-Spoke Cartels

6.1 Cartel Formation

6.2 Cartel Operations

6.3 Cartel Efficiency

7. Competition Law and Hub-and-Spoke Collusion

7.1 Defining Liability

7.2 Proving Liability

Notes

References

Index.

Notes:

Includes bibliographical references and index.

OCLC-licensed vendor bibliographic record.

ISBN:

0-262-36722-X

0-262-36721-1

OCLC:

1255633052