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| cartel meaning in business: Narconomics Tom Wainwright, 2016-02-23 Picking his way through Andean cocaine fields, Central American prisons, Colorado pot shops, and the online drug dens of the Dark Web, Tom Wainwright provides a fresh, innovative look into the drug trade and its 250 million customers. More than just an investigation of how drug cartels do business, Narconomics is also a blueprint for how to defeat them. How does a budding cartel boss succeed (and survive) in the 300 billion illegal drug business? By learning from the best, of course. From creating brand value to fine-tuning customer service, the folks running cartels have been attentive students of the strategy and tactics used by corporations such as Walmart, McDonald's, and Coca-Cola. And what can government learn to combat this scourge? By analyzing the cartels as companies, law enforcers might better understand how they work -- and stop throwing away 100 billion a year in a futile effort to win the war against this global, highly organized business. Your intrepid guide to the most exotic and brutal industry on earth is Tom Wainwright. Picking his way through Andean cocaine fields, Central American prisons, Colorado pot shops, and the online drug dens of the Dark Web, Wainwright provides a fresh, innovative look into the drug trade and its 250 million customers. The cast of characters includes Bin Laden, the Bolivian coca guide; Old Lin, the Salvadoran gang leader; Starboy, the millionaire New Zealand pill maker; and a cozy Mexican grandmother who cooks blueberry pancakes while plotting murder. Along with presidents, cops, and teenage hitmen, they explain such matters as the business purpose for head-to-toe tattoos, how gangs decide whether to compete or collude, and why cartels care a surprising amount about corporate social responsibility. More than just an investigation of how drug cartels do business, Narconomics is also a blueprint for how to defeat them. |
| cartel meaning in business: The Oxford Handbook of Business History Geoffrey Jones, Jonathan Zeitlin, 2008-01-25 This Handbook provides a state-of-the-art survey of research in business history. Business historians study the historical evolution of business systems, entrepreneurs and firms, as well as their interaction with their political, economic, and social environment. They address issues of central concern to researchers in management studies and business administration, as well as economics, sociology and political science, and to historians. They employ a range of qualitative and quantitative methodologies, but all share a belief in the importance of understanding change over time. The Oxford Handbook of Business History has brought together leading scholars to provide a comprehensive, critical, and interdisciplinary examination of business history, organized into four parts: Approaches and Debates; Forms of Business Organization; Functions of Enterprise; and Enterprise and Society. The Handbook shows that business history is a wide-ranging and dynamic area of study, generating compelling empirical data, which has sometimes confirmed and sometimes contested widely-held views in management and the social sciences. The Oxford Handbook of Business History is a key reference work for scholars and advanced students of Business History, and a fascinating resource for social scientists in general. |
| cartel meaning in business: The International Cartel Movement Louis Domeratzky, 1928 |
| cartel meaning in business: Hub-and-Spoke Cartels Luke Garrod, Joseph E. Harrington, Jr., Matthew Olczak, 2021-11-16 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. |
| cartel meaning in business: Hard Core Cartels Organisation for Economic Co-operation and Development, 2003-05-23 Anti-cartel measures seek to prevent violations of competition law such as agreements among competitors to fix prices, restrict product supply or submit collusive tenders. This report examines the harm caused by cartels and the progress made to strengthen methods of investigation and sanctions systems to tackle this problem. It also outlines and identifies the challenges that lie ahead. |
| cartel meaning in business: The Sovereignty Cartel J. Samuel Barkin, 2021-08-12 Sovereignty is the subject of many debates in international relations. Is it the source of state authority or a description of it? What is its history? Is it strengthening or weakening? Is it changing, and how? This book addresses these questions, but focuses on one less frequently addressed: what makes state sovereignty possible? The Sovereignty Cartel argues that sovereignty is built on state collusion – states work together to privilege sovereignty in global politics, because they benefit from sovereignty's exclusivity. This book explores this collusive behavior in international law, international political economy, international security, and migration and citizenship. In all these areas, states accord rights to other states, regardless of relative power, relative wealth, or relative position. Sovereignty, as a (changing) set of property rights for which states collude, accounts for this behavior not as anomaly (as other theories would) but instead as fundamental to the sovereign states system. |
| cartel meaning in business: The Palgrave Encyclopedia of Strategic Management , 2018-05-04 The Palgrave Encyclopedia of Strategic Management has been written by an international team of leading academics, practitioners and rising stars and contains almost 550 individually commissioned entries. It is the first resource of its kind to pull together such a comprehensive overview of the field and covers both the theoretical and more empirically/practitioner oriented side of the discipline. |
| cartel meaning in business: Licensing Agreements Kojo Yelpaala, Donald R. Worley, Dennis Campbell, 1988-01-19 |
| cartel meaning in business: International Cartels Ervin Paul Hexner, Adelaide Walters, 1971 |
| cartel meaning in business: The International Petroleum Cartel (reprint) United States. Federal Trade Commission, 1975 |
| cartel meaning in business: Australian Cartel Regulation Caron Beaton-Wells, Brent Fisse, 2011-04-25 Cartel regulation is a prime element of competition policy and an essential means of minimising the adverse effects of cartel activity on economic welfare. However, effective cartel regulation poses distinct challenges for governments, competition authorities and commentators across the globe. In Australian Cartel Regulation, leading competition law experts Caron Beaton-Wells and Brent Fisse reflect on developments in anti-cartel law in Australia over the last 30 years. They provide a comprehensive account of the current law on cartels as well as discussing key issues that may arise in the future. This definitive volume not only identifies the practical and theoretical issues, but also recommends workable solutions, and does so with the benefit of comparative analysis of the anti-cartel laws of major overseas jurisdictions. Many of the issues identified and discussed in Australian Cartel Regulation are common to any scheme designed to regulate cartel conduct. |
| cartel meaning in business: Priceless Lloyd Constantine, 2012 The author provides an account of the antitrust lawsuit his small legal firm brought against Visa and MasterCard, resulting in a $3.4 billion settlement in 2003. |
| cartel meaning in business: Kings of Cocaine Guy Gugliotta, Jeff Leen, 2011-07-16 This is the story of the most successful cocaine dealers in the world: Pablo Escobar Gaviria, Jorge Luis Ochoa Vasquez, Carlos Lehder Rivas and Jose Gonzalo Rodriguez Gacha. In the 1980s they controlled more than fifty percent of the cocaine flowing into the United States. The cocaine trade is capitalism on overdrive -- supply meeting demand on exponential levels. Here you'll find the story of how the modern cocaine business started and how it turned a rag tag group of hippies and sociopaths into regal kings as they stumbled from small-time suitcase smuggling to levels of unimaginable sophistication and daring. The $2 billion dollar system eventually became so complex that it required the manipulation of world leaders, corruption of revolutionary movements and the worst kind of violence to protect. |
| cartel meaning in business: Presumption of Innocence in EU Anti-Cartel Enforcement Aistė Mickonytė, 2018-11-26 In this monograph, Aistė Mickonytė examines the compliance of the European anti-cartel enforcement procedure with the presumption of innocence under Article 6(2) of the European Convention on Human Rights (ECHR). The author maintains that the pursuit of manifestly severe punishment with insistence of the European Commission on administrative-level procedural safeguards is inconsistent with the robust standards of protection under the Convention. Arguing that EU anti-cartel procedure is criminal within the meaning of the Convention, this work considers this procedure in light of the core elements of the presumption of innocence such as the burden of proof and the principle of fault. The author zeroes in on the de facto automatic liability of parental companies for offences committed by their subsidiaries. |
| cartel meaning in business: Doing Business 2020 World Bank, 2019-11-21 Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity. |
| cartel meaning in business: The Cartel Ashley, Jaquavis, 2024-06-25 The lovers are on opposing teams, and when their worlds collide, the truth will be unveiled in an unpredictable ending. The port of Miami brings in millions of dollars worth of cocaine every year, and the Cartel controls eighty percent of it. The Diamond family is a force to be reckoned with, but all hell breaks loose when they lose their leader. The most ruthless gangster Miami has ever seen, Carter Diamond leaves behind a wife, twin sons, a daughter, and a secret: his illegitimate son, Carter Jones. When young Carter learns of his father's death, he comes to town and is introduced to the legacy of the Cartel. Miamor is a woman who uses her beauty to enhance her skill as a contract killer. She is the leader of the Murder Mamas. When her crew is hired to take down the Cartel, they slip up, and Miamor loses her sister in the process. She is determined to get revenge. Unknowingly, she meets the son of Carter Diamond—and he immediately catches her heart. She is sleeping with the enemy, and when she finds out, she is torn between love and revenge. |
| cartel meaning in business: Handbook on European Competition Law Ioannis Lianos, Damien Geradin, 2013-10-31 This Handbook will be an indispensable reference work for practitioners and scholars, as well as for those in an enforcement environment. |
| cartel meaning in business: The Cambridge Handbook of the Law of the Sharing Economy Nestor M. Davidson, Michèle Finck, John J. Infranca, 2018-11-22 This Handbook grapples conceptually and practically with what the sharing economy - which includes entities ranging from large for-profit firms like Airbnb, Uber, Lyft, Taskrabbit, and Upwork to smaller, non-profit collaborative initiatives - means for law, and how law, in turn, is shaping critical aspects of the sharing economy. Featuring a diverse set of contributors from many academic disciplines and countries, the book compiles the most important, up-to-date research on the regulation of the sharing economy. The first part surveys the nature of the sharing economy, explores the central challenge of balancing innovation and regulatory concerns, and examines the institutions confronting these regulatory challenges, and the second part turns to a series of specific regulatory domains, including labor and employment law, consumer protection, tax, and civil rights. This groundbreaking work should be read by anyone interested in the dynamic relationship between law and the sharing economy. |
| cartel meaning in business: Murder City Charles Bowden, 2010-03-30 Ciudad Juarez lies just across the Rio Grande from El Paso, Texas. A once-thriving border town, it now resembles a failed state. Infamously known as the place where women disappear, its murder rate exceeds that of Baghdad. In Murder City, Charles Bowden-one of the few journalists who spent extended periods of time in Juarez-has written an extraordinary account of what happens when a city disintegrates. Interweaving stories of its inhabitants-a beauty queen who was raped, a repentant hitman, a journalist fleeing for his life-with a broader meditation on the town's descent into anarchy, Bowden reveals how Juarez's culture of violence will not only worsen, but inevitably spread north. Heartbreaking, disturbing, and unforgettable, Murder City was written at the height of his powers and established Bowden as one of America's leading journalists. |
| cartel meaning in business: Turkish Competition Law Gönenç Gürkaynak, 2021-11-24 Gönenç Gürkaynak illuminates the entirety of Turkish competition law in the first such treatise of its kind, spanning across the historical roots of legislation, policy, and institutions, to substantive aspects, enforcement, and procedure. All components of the law are individually discussed, with extensive references to essential case law that are further enriched by the author's vast experience in the field. The book provides a comprehensive and in-depth analysis of the competition law regime in Turkey, against the backdrop of the country's international commitments, as well as recent amendments to the law. The book is an essential guide for practitioners and academics alike, and for all interested in the future of Turkish competition law in a globalized economy. For its comparative analysis and insights, it is of value to the entire competition community. |
| cartel meaning in business: The Alchemist Paulo Coelho, 2015-02-24 A special 25th anniversary edition of the extraordinary international bestseller, including a new Foreword by Paulo Coelho. Combining magic, mysticism, wisdom and wonder into an inspiring tale of self-discovery, The Alchemist has become a modern classic, selling millions of copies around the world and transforming the lives of countless readers across generations. Paulo Coelho's masterpiece tells the mystical story of Santiago, an Andalusian shepherd boy who yearns to travel in search of a worldly treasure. His quest will lead him to riches far different—and far more satisfying—than he ever imagined. Santiago's journey teaches us about the essential wisdom of listening to our hearts, of recognizing opportunity and learning to read the omens strewn along life's path, and, most importantly, to follow our dreams. |
| cartel meaning in business: Glossary of Industrial Organisation Economics and Competition Law Organisation for Economic Co-operation and Development, Centre for Co-operation with European Economies in Transition, 1993 |
| cartel meaning in business: Wolf Boys Dan Slater, 2016-09-13 The tale of two American teenagers recruited as killers for a Mexican cartel, and the Mexican American detective who realizes the War on Drugs is unstoppable. “A hell of a story…undeniably gripping.” (The New York Times) In this astonishing story, journalist Dan Slater recounts the unforgettable odyssey of Gabriel Cardona. At first glance, Gabriel is the poster-boy American teenager: athletic, bright, handsome, and charismatic. But the ghettos of Laredo, Texas—his border town—are full of smugglers and gangsters and patrolled by one of the largest law-enforcement complexes in the world. It isn’t long before Gabriel abandons his promising future for the allure of juvenile crime, which leads him across the river to Mexico’s most dangerous drug cartel: Los Zetas. Friends from his childhood join him and eventually they catch the eye of the cartel’s leadership. As the cartel wars spill over the border, Gabriel and his crew are sent to the States to work. But in Texas, the teen hit men encounter a Mexican-born homicide detective determined to keep cartel violence out of his adopted country. Detective Robert Garcia’s pursuit of the boys puts him face-to-face with the urgent consequences and new security threats of a drug war he sees as unwinnable. In Wolf Boys, Slater takes readers on a harrowing, often brutal journey into the heart of the Mexican drug trade. Ultimately though, Wolf Boys is the intimate story of the lobos: teens turned into pawns for the cartels. A nonfiction thriller, it reads with the emotional clarity of a great novel, yet offers its revelations through extraordinary reporting. |
| cartel meaning in business: No Country for Old Men Cormac McCarthy, 2007-11-29 From the bestselling author of The Passenger and the Pulitzer Prize–winning novel The Road comes a profoundly disturbing and gorgeously rendered novel (The Washington Post) that returns to the Texas-Mexico border, setting of the famed Border Trilogy. The time is our own, when rustlers have given way to drug-runners and small towns have become free-fire zones. One day, a good old boy named Llewellyn Moss finds a pickup truck surrounded by a bodyguard of dead men. A load of heroin and two million dollars in cash are still in the back. When Moss takes the money, he sets off a chain reaction of catastrophic violence that not even the law—in the person of aging, disillusioned Sheriff Bell—can contain. As Moss tries to evade his pursuers—in particular a mysterious mastermind who flips coins for human lives—McCarthy simultaneously strips down the American crime novel and broadens its concerns to encompass themes as ancient as the Bible and as bloodily contemporary as this morning’s headlines. No Country for Old Men is a triumph. Look for Cormac McCarthy's latest bestselling novels, The Passenger and Stella Maris. |
| cartel meaning in business: The Antitrust Paradox Robert Bork, 2021-02-22 The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. |
| cartel meaning in business: American Dirt (Oprah's Book Club) Jeanine Cummins, 2022-02 También de este lado hay sueños. On this side, too, there are dreams. Lydia Quixano Perez lives in the Mexican city of Acapulco. She runs a bookstore. She has a son, Luca, the love of her life, and a wonderful husband who is a journalist. And while there are cracks beginning to show in Acapulco because of the drug cartels, her life is, by and large, fairly comfortable. Even though she knows they'll never sell, Lydia stocks some of her all-time favorite books in her store. And then one day a man enters the shop to browse and comes up to the register with four books he would like to buy--two of them her favorites. Javier is erudite. He is charming. And, unbeknownst to Lydia, he is the jefe of the newest drug cartel that has gruesomely taken over the city. When Lydia's husband's tell-all profile of Javier is published, none of their lives will ever be the same. Forced to flee, Lydia and eight-year-old Luca soon find themselves miles and worlds away from their comfortable middle-class existence. Instantly transformed into migrants, Lydia and Luca ride la bestia--trains that make their way north toward the United States, which is the only place Javier's reach doesn't extend. As they join the countless people trying to reach el norte, Lydia soon sees that everyone is running from something. But what exactly are they running to? American Dirt will leave readers utterly changed when they finish reading it. A page-turner filled with poignancy, drama, and humanity on every page, it is a literary achievement.-- |
| cartel meaning in business: Criminalising Cartels Caron Beaton-Wells, Ariel Ezrachi, 2011-02-10 This book is inspired by the international movement towards the criminalisation of cartel conduct over the last decade. Led by US enforcers, criminalisation has been supported by a growing number of regulators and governments. It derives its support from the simple yet forceful proposition that criminal sanctions, particularly jail time, are the most effective deterrent to such activity. However, criminalisation is much more complex than that basic proposition suggests. There is complexity both in terms of the various forces that are driving and shaping the movement (economic, political and social) and in the effects on the various actors involved in it (government, enforcement agencies, the business community, judiciary, legal profession and general public). Featuring contributions from authors who have been at the forefront of the debate around the world, this substantial 19-chapter volume captures the richness of the criminalisation phenomenon and considers its implications for building an effective criminal cartel regime, particularly outside of the US. It adopts a range of approaches, including general theoretical perspectives (from criminal theory, economics, political science, regulation and criminology) and case-studies of the experience with the design and enforcement of existing or contemplated criminal cartel regimes in various jurisdictions (including in Australia, Canada, EU, Germany, Ireland and the UK). The book also explores the international dimensions of criminalisation - its specific practical consequences (such as increased potential for extradition) as well as its more general implications for trends of harmonisation or convergence in competition law and enforcement. |
| cartel meaning in business: Representative International Cartels, Combines and Trusts William Frederick Notz, 1929 |
| cartel meaning in business: Hell's Cartel Diarmuid Jeffreys, 2010-01-05 The remarkable rise and shameful fall of one of the twentieth century's greatest conglomerates At its peak in the 1930s, the German chemical conglomerate IG Farben was one of the most powerful corporations in the world. To this day, companies formerly part of the Farben cartel—the aspirin-maker Bayer, the graphics supplier Agfa, the plastics giant BASF—continue to play key roles in the global market. IG Farben itself, however, is remembered mostly for its infamous connections to the Nazi Party and its complicity in the atrocities of the Holocaust. After the war, Farben's leaders were tried for crimes that included mass murder and exploitation of slave labor. In Hell's Cartel, Diarmuid Jeffreys presents the first comprehensive account of IG Farben's rise and fall, tracing the enterprise from its nineteenth-century origins, when the discovery of synthetic dyes gave rise to a vibrant new industry, through the upheavals of the Great War era, and on to the company's fateful role in World War II. Drawing on extensive research and original interviews, Hell's Cartel sheds new light on the codependence of industry and the Third Reich, and offers a timely warning against the dangerous merger of politics and the pursuit of profit. |
| cartel meaning in business: Essential Economics Matthew Bishop, 2004-05-01 |
| cartel meaning in business: Competition Policy Louis Phlips, 1995-10-19 This book uses game theory to analyse anti-competitive behaviour among firms and to consider its implications for competition policy. Part I focuses on 'explicit collusion': the author proves that 'four are few and six are many', and shows how cartels can be enforced under imperfect and incomplete information. Part II on 'tacit collusion' discusses the informational requirements of collusion detection in noncooperative repeated games. In Part III on 'semicollusion', excess capacity is shown to reinforce collusion. Part IV is devoted to the detection of predatory pricing. In this book, Louis Phlips applies the latest economic theory to a discussion of several European antitrust decisions and empirical studies. The presentation of case studies, combined with a clear exposition of the theory, will make this book invaluable to teachers and students of competition policy. |
| cartel meaning in business: The Accountant's Story Roberto Escobar, 2009-02-25 I have many scars. Some of them are physical, but many more are scars on my soul. A bomb sent to kill me while I was in a maximum security prison has made me blind, yet now I see the world more clearly than I have ever seen it before. I have lived an incredible adventure. I watched as my brother, Pablo Escobar, became the most successful criminal in history, but also a hero to many of the people of Colombia. My brother was loved and he was feared. Hundreds of thousands of people marched in his funeral procession, and certainly as many people celebrated his death. These are the words of Roberto Escobar-the top accountant for the notorious and deadly Medellen Cartel, and brother of Pablo Escobar, the most famous drug lord in history. At the height of his reign, Pablo's multibillion-dollar operation smuggled tons of cocaine each week into countries all over the world. Roberto and his ten accountants kept track of all the money. Only Pablo and Roberto knew where it was stashed-and what it bought. And the amounts of money were simply staggering. According to Roberto, it cost $2,500 every month just to purchase the rubber bands needed to wrap the stacks of cash. The biggest problem was finding a place to store it: from secret compartments in walls and beneath swimming pools to banks and warehouses everywhere. There was so much money that Roberto would sometimes write off ten percent as spoilage, meaning either rats had chewed up the bills or dampness had ruined the cash. Roberto writes about the incredible violence of the cartel, but he also writes of the humanitarian side of his brother. Pablo built entire towns, gave away thousands of houses, paid people's medical expenses, and built schools and hospitals. Yet he was responsible for the horrible deaths of thousands of people. In short, this is the story of a world of riches almost beyond mortal imagination, and in his own words, Roberto Escobar tells all: building a magnificent zoo at Pablo's opulent home, the brothers' many escapes into the jungles of Colombia, devising ingenious methods to smuggle tons of cocaine into the United States, bribing officials with literally millions of dollars-and building a personal army to protect the Escobar family against an array of enemies sworn to kill them. Few men in history have been more beloved-or despised-than Pablo Escobar. Now, for the first time, his story is told by the man who knew him best: his brother, Roberto. |
| cartel meaning in business: Regulating Cartels in Europe Christopher Harding, Julian Joshua, 2010 One of the most contentious and high-profile aspects of EU competition law and policy has been the regulation of those serious competition or antitrust violations now often referred to as 'hard core cartels'. Such cartel activity typically involves large and powerful corporate producers and traders operating across Europe and beyond, and comprise practices such as price fixing, bid rigging, market sharing, and limiting production in order to ensure 'market stability' and maintain and increase profits. There is little disagreement now, in terms of competition theory and policy at both international and national levels, regarding the damaging effect of such trading practices on public and consumer interests, and such cartels have been subject to increasing condemnation in the legal process of regulating and protecting competition. Regulating Cartels in Europe provides critical evaluation of the way in which European-level regulation has evolved to deal with the activities of such anti-competitive business cartels. They trace the historical development of cartel regulation in Europe, comparing the more pragmatic and empirical approached favored in Europe with the more dogmatic and uncompromising American policy on cartels. In particular, the work considers critically the move towards the use of fully fledged criminal proceedings in this area of legal control, examining evolving aspects of enforcement policy such as the use of leniency programs and the deployment of a range of criminal law and other sanctions. This new edition of the work covers emerging themes and arguments in the discipline, including the judicial review of decisions against cartels, the criminological and legal basis of the criminalization of cartel conduct, and the range and effectiveness of sanctions used in response to cartel activity. |
| cartel meaning in business: The Theory of Collusion and Competition Policy Joseph E. Harrington, Jr., 2017-11-16 A review of the theoretical research on unlawful collusion, focusing on the impact and optimal design of competition law and enforcement. Collusion occurs when firms in a market coordinate their behavior for the purpose of producing a supracompetitive outcome. The literature on the theory of collusion is deep and broad but most of that work does not take account of the possible illegality of collusion. Recently, there has been a growing body of research that explicitly focuses on collusion that runs afoul of competition law and thereby makes firms potentially liable for penalties. This book, by an expert on the subject, reviews the theoretical research on unlawful collusion, with a focus on two issues: the impact of competition law and enforcement on whether, how long, and how much firms collude; and the optimal design of competition law and enforcement. The book begins by discussing general issues that arise when models of collusion take into account competition law and enforcement. It goes on to consider game-theoretic models that encompass the probability of detection and penalties incurred when convicted, and examines how these policy instruments affect the frequency of cartels, cartel duration, cartel participation, and collusive prices. The book then considers the design of competition law and enforcement, examining such topics as the formula for penalties and leniency programs. The book concludes with suggested future lines of inquiry into illegal collusion. |
| cartel meaning in business: The Cartel Don Winslow, 2017-09-26 The New York Times bestselling second novel in the explosive Power of the Dog series—an action-filled look at the drug trade that takes you deep inside a world riddled with corruption, betrayal, and bloody revenge. Book Two of the Power of the Dog Series It’s 2004. Adán Barrera, kingpin of El Federación, is languishing in a California federal prison. Ex-DEA agent Art Keller passes his days in a monastery, having lost everything to his thirty-year blood feud with the drug lord. Then Barrera escapes. Now, there’s a two-million-dollar bounty on Keller’s head and no one else capable of taking Barrera down. As the carnage of the drug war reaches surreal new heights, the two men are locked in a savage struggle that will stretch from the mountains of Sinaloa to the shores of Veracruz, to the halls of power in Washington, ensnaring countless others in its wake. Internationally bestselling author Don Winslow's The Cartel is the searing, unfiltered epic of the drug war in the twenty-first century. |
| cartel meaning in business: All Honorable Men James Stewart Martin, 2016-05-17 A scathing attack on Wall Street’s illegal ties to Nazi Germany before WWII—and the postwar whitewashing of Nazi business leaders by the US government Prior to World War II, German industry was controlled by an elite group who had used their money and influence to help bring the Nazi Party to power. After the Allies had successfully occupied Germany and removed the Third Reich, the process of reconstructing the devastated nation’s economy began under supervision of the US government. James Stewart Martin, who had assisted the Allied forces in targeting key areas of German industry for aerial bombardment, returned to Germany as the director of the Division for Investigation of Cartels and External Assets in American Military Government, a position he held until 1947. Martin was to break up the industrial machine these cartels controlled and investigate their ties to Wall Street. What he discovered was shocking. Many American corporations had done business with German corporations who helped fund the Nazi Party, despite knowing what their money was supporting. Effectively, Wall Street’s greed had led them to aid Hitler and hinder the Allied effort. Martin’s efforts at decartelization were unsuccessful though, largely due to hindrance from his superior officer, an investment banker in peacetime. In conclusion, he said, “We had not been stopped in Germany by German business. We had been stopped in Germany by American business.” This exposé on economic warfare, Wall Street, and America’s military industrial complex includes a new introduction by Christopher Simpson, author of Blowback:America’s Recruitment of Nazis and Its Destructive Impact on Our Domestic and Foreign Policy, and a new foreword from investigative journalist Hank Albarelli. |
| cartel meaning in business: The Chickenshit Club Jesse Eisinger, 2017-07-11 Winner of the 2018 Excellence in Financial Journalism Award From Pulitzer Prize–winning journalist Jesse Eisinger, “a fast moving, fly-on-the-wall, disheartening look at the deterioration of the Justice Department and the Securities and Exchange Commission…It is a book of superheroes” (San Francisco Review of Books). Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed “Too Big to Fail” to almost every large corporation in America—to pharmaceutical companies and auto manufacturers and beyond. The Chickenshit Club—an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs—explains why in “an absorbing financial history, a monumental work of journalism…a first-rate study of the federal bureaucracy” (Bloomberg Businessweek). Jesse Eisinger begins the story in the 1970s, when the government pioneered the notion that top corporate executives, not just seedy crooks, could commit heinous crimes and go to prison. He brings us to trading desks on Wall Street, to corporate boardrooms and the offices of prosecutors and FBI agents. These revealing looks provide context for the evolution of the Justice Department’s approach to pursuing corporate criminals through the early 2000s and into the Justice Department of today, including the prosecutorial fiascos, corporate lobbying, trial losses, and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives. “Brave and elegant…a fearless reporter…Eisinger’s important and profound book takes no prisoners” (The Washington Post). Exposing one of the most important scandals of our time, The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring these alleged criminals to justice. “This book is a wakeup call…a chilling read, and a needed one” (NPR.org). |
| cartel meaning in business: Landmark Cases in Competition Law Barry Rodger, 2012-12-01 It is the thesis of this fascinating and highly instructive book on competition law that an examination of one landmark case, scenario, or 'saga' each from a range of legal systems leads to a thorough understanding of the issues informing and arising from competition policy, law, and legal practice. To that end, leading scholars from 14 jurisdictions enhance their academic authority and rigour with an element of panache to describe a particularly salient case in each of their countries, commenting in depth on the contribution of the case to the development of their particular competition law culture and to the case’s enduring significance for competition law and its enforcement from a global perspective. There are chapters for each of thirteen countries as well as the European Union, preceded by an informative and thoughtful introduction. For each landmark case selected, the legislative background, the case facts, and the legal ruling and reasoning are all minutely described, along with commentary, critique, and assessment of the case’s impact and contemporary significance. The cases cover vast swathes of the competition law territory in terms of substance and procedure, dealing with cartels, abuse of dominance, mergers, and vertical restraints, and involving diverse forms of public and private enforcement processes. Aspects covered include the following: the public interest test; bid-rigging in public procurement; the entitlement of dominant companies to compete on a level footing with other companies; the hard-to-draw line between legitimate competition and unlawful monopolizing conduct; the dangers of eclectic borrowing in the development and interpretation of competition law rules; horizontal price-fixing collusion ‘hub and spoke’ cartels; resale price maintenance agreements and the U.S. ‘rule of reason’; the increasing use of private enforcement and the right for victims of a competition law infringement to seek compensation; merger control in energy markets and the political use of merger review rules to benefit domestic firms; cooperation with criminal enforcement agencies and prosecutors; the role courts play in undertaking adequate legal supervision of competition authorities; leniency processes and obtaining access to ‘confidential’ whistleblowing documentation; imposition of administrative fines and other deterrence-based sanctions; and how the ‘consumer welfare’ standard is interpreted. More than a set of landmark case descriptions, this book, in which many chapters reflect upon recent and consider further future significant reforms, demonstrates that competition law and its enforcement processes form part of a chronological narrative, and that it is important to understand the broader legal, social, and economic context within which competition law and policy develop. This wider perspective will prove immeasurably valuable to the many practitioners, business people, jurists, and policy makers engaged in the shaping of competition law in any jurisdiction, and will moreover be essential reading for postgraduate students studying any aspects of comparative competition law enforcement. |
| cartel meaning in business: A History of Business Cartels Martin Shanahan, Susanna Fellman, 2022-07-05 International cartels are powerful organizations that impact our everyday lives, although they are little known. This book presents 15 historical case studies of international cartels that include agricultural and mineral commodities, the machinery industry, telephone equipment, whiskey and cement. These cases reveal that international cartels manipulated prices and shared markets over many decades but that their real impact was far wider. The global convergence towards criminalizing serious cartel conduct has seen a revival in historical research on cartels and competition policy. The regulation of anti-competitive behaviour has changed over time. To understand why the US, European and other modern economies altered their policies through the 20th century, it is critical to understand when, how and why governments have interacted with, and been influenced by, business organizations such as cartels. This volume draws together researchers from different nations to examine the impact of international cartels on the experience of individual nations, those nations’ interactions with one or more international cartels, and ultimately the interactions of individual nations with the wider international community. This book will be of interest to researchers, academics and advanced students in the fields of business and economic history, political economy, and government policy, as well as those interested in cartels and their impact on the wider economy. |
| cartel meaning in business: Cartels and Anti-Competitive Agreements Sandra Marco Colino, 2024-10-14 This volume brings together leading articles on the regulation of joint conduct under competition law on both sides of the Atlantic. The articles discuss the general theoretical framework that has influenced the evolution of the law and policy; cover the most relevant practical developments; provide contrasting doctrinal views and pay particular at |
Cartel - Wikipedia
A cartel is a group of independent market participants who collaborate with each other as well as agreeing not to compete with each other [1] in order to improve their profits and dominate the …
What Is a Cartel? Definition, Examples, and Legality - Investopedia
May 19, 2023 · A cartel is an organization created from a formal agreement between a group of producers of a good or service to control supply or to regulate or manipulate prices.
Sanctioning the Los Chapitos Faction of the Sinaloa Cartel and Its ...
Jun 9, 2025 · The United States is committed to disrupting the illicit manufacture and trafficking of fentanyl, a leading cause of death of people aged 18 to 49 in the United States, as well as …
CARTEL Definition & Meaning - Merriam-Webster
May 30, 2011 · A cartel is an organization of a few independent producers for the purpose of improving the profitability of the firms involved. This usually involves some restriction of output, …
Treasury Sanctions “El Chapo’s” Children and Los Chapitos, a …
6 days ago · WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Los Chapitos, a powerful faction of the Mexico-based …
cartel | Wex | US Law | LII / Legal Information Institute
A cartel is a group of independent corporations or other entities that join together to fix prices , rig bids , allocate markets, or conduct other similar illegal activities.
CARTEL | English meaning - Cambridge Dictionary
CARTEL definition: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.
Drug cartel | Definition, Impact & History | Britannica
May 9, 2025 · Drug cartel, an illicit consortium of independent organizations formed to limit competition and control the production and distribution of illegal drugs. Drug cartels are …
Cartel family members entered U.S. in deal with Trump admin, …
May 14, 2025 · MEXICO CITY — Mexico’s security chief confirmed Tuesday that 17 family members of cartel leaders crossed into the U.S. last week as part of a deal between a son of …
Cartel definition - Economics Help
A cartel occurs when two or more firms enter into agreements to restrict the supply or fix the price of a good in a particular industry. A cartel is a formal type of collusion . Cartels are considered …
Cartel - Wikipedia
A cartel is a group of independent market participants who collaborate with each other as well as agreeing not to compete with each other [1] in order to improve their profits and dominate the …
What Is a Cartel? Definition, Examples, and Legality - Investopedia
May 19, 2023 · A cartel is an organization created from a formal agreement between a group of producers of a good or service to control supply or to regulate or manipulate prices.
Sanctioning the Los Chapitos Faction of the Sinaloa Cartel and Its ...
Jun 9, 2025 · The United States is committed to disrupting the illicit manufacture and trafficking of fentanyl, a leading cause of death of people aged 18 to 49 in the United States, as well as …
CARTEL Definition & Meaning - Merriam-Webster
May 30, 2011 · A cartel is an organization of a few independent producers for the purpose of improving the profitability of the firms involved. This usually involves some restriction of output, …
Treasury Sanctions “El Chapo’s” Children and Los Chapitos, a …
6 days ago · WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Los Chapitos, a powerful faction of the Mexico-based …
cartel | Wex | US Law | LII / Legal Information Institute
A cartel is a group of independent corporations or other entities that join together to fix prices , rig bids , allocate markets, or conduct other similar illegal activities.
CARTEL | English meaning - Cambridge Dictionary
CARTEL definition: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.
Drug cartel | Definition, Impact & History | Britannica
May 9, 2025 · Drug cartel, an illicit consortium of independent organizations formed to limit competition and control the production and distribution of illegal drugs. Drug cartels are …
Cartel family members entered U.S. in deal with Trump admin, …
May 14, 2025 · MEXICO CITY — Mexico’s security chief confirmed Tuesday that 17 family members of cartel leaders crossed into the U.S. last week as part of a deal between a son of …
Cartel definition - Economics Help
A cartel occurs when two or more firms enter into agreements to restrict the supply or fix the price of a good in a particular industry. A cartel is a formal type of collusion . Cartels are considered …
