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  • Cartel

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    zouku
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    Cartels are agreements that businesses form to control production or marketing arrangements and not compete with one another. Price Fixing Output Restriction Market Allocation Bid-Rigging EFFECTS Limits product choice Increase in artificial price Increase in cost Efforts to curb cartels us - The Sherman Anti-Trust Act (1890) European Union EU's Competition Law (art. 81, treaty of Rome) examples De Beers OPEC International Match Corporation (imco)

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    Cartels are agreements that businesses form to control production or marketing arrangements and not compete with one another. Price Fixing Output Restriction Market Allocation Bid-Rigging EFFECTS Limits product choice Increase in artificial price Increase in cost Efforts to curb cartels us - The Sherman Anti-Trust Act (1890) European Union EU's Competition Law (art. 81, treaty of Rome) examples De Beers OPEC International Match Corporation (imco)

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    127 views8 pages

    Cartel

    Uploaded by

    zouku
    Cartels are agreements that businesses form to control production or marketing arrangements and not compete with one another. Price Fixing Output Restriction Market Allocation Bid-Rigging EFFECTS Limits product choice Increase in artificial price Increase in cost Efforts to curb cartels us - The Sherman Anti-Trust Act (1890) European Union EU's Competition Law (art. 81, treaty of Rome) examples De Beers OPEC International Match Corporation (imco)

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    Attribution Non-Commercial (BY-NC)
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    of 8

    CARTEL

    By:

    Ro hit Singh

    Saur abh Mis hra

    Kumar D eepak
    Definition
    • ‘A cartel refers to an agreement
    that businesses form to control
    production or marketing
    arrangements and not compete
    with one another.'
    Price Fixing

    Output Restriction

    Market Allocation

    Bid-Rigging
    EFFECTS

    Limits product choice

    Increase in artificial price

    Increase in cost
    Efforts to curb Cartel

    US - The Sherman Anti-Trust Act (1890)

    European Union
    • EU’s Competition Law (Art. 81,Treaty of
    Rome)
    Cartels - examples

    De Beers

    OPEC

    International Match Corporation (IMCO)


    Cartels that have been
    BUSTED !
    •Nippon Carbon Co. ltd – International
    conspiracy to fix the price of graphite
    electrodes,2005. ($1,00,000)

    •The Morgan Crucible Co. - Price fixing


    of carbon brushes and current
    collectors, 2004. ($5,50,000)

    •Freyssinet Limitee – International bid-


    rigging scheme relating to The Hibernia
    Project , 2001. ($8,00,000)

    •Mitsubishi Paper Mills ltd. – Fixing


    prices in the thermal facsimile paper
    Th an k Yo u
    !

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