How Cartels Endure and How They Fail: Studies of Industrial Collusion

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Summary: Examining real-world cases of industrial collusion
Review: Expertly compiled and deftly edited by Peter Z. Grossman (Clarence Efroymson Chair inEconomics, Butler University), How Cartels Endure And How They Fail: Studies Of Industrial Collusion is an anthology of graduate studies level essays by leading researchers of industrial organization study, examining real-world cases of industrial collusion across the world. Striving to answer why some cartels fail and others succeed, and examining examples that do not always follow textbook models, How Cartels Endure and How They Fail applies extensive scholarship and research to illustrate its advanced theories and insights, from the role of governmental policy in cartel survival in Japan to the stability of ocean shipping cartels to international commodity agreements as internationally sanctioned cartels, and much more. A superb resource especially for policymakers, lawyers and economists involved in matters of industrial organization and competition.