What is Cartel

A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to the temptation to defect and falling prices for all members. Additionally, advancements in technology or the emergence of substitutes may undermine cartel pricing power, leading to the breakdown of the cooperation needed to sustain the cartel. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Cartel

Chapter 2: Oligopoly

Chapter 3: International Air Transport Association

Chapter 4: United States antitrust law

Chapter 5: Price fixing

Chapter 6: Collusion

Chapter 7: Anti-competitive practices

Chapter 8: Competition law

Chapter 9: Decartelization

Chapter 10: Market power

Chapter 11: Market concentration

Chapter 12: Ultra-imperialism

Chapter 13: Lysine price-fixing conspiracy

Chapter 14: Economic law

Chapter 15: George W. Stocking Sr.

Chapter 16: State cartel theory

Chapter 17: Holm Arno Leonhardt

Chapter 18: Cartel theory

Chapter 19: Compulsory cartel

Chapter 20: Cartel seat (monument)

Chapter 21: Margaret Levenstein

(II) Answering the public top questions about cartel.

(III) Real world examples for the usage of cartel in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Cartel.