Topic: Formation of Cartels
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Answers to Common Questions
What conditions facilitate the formation of a cartel?
Cartels will generally form when a limited resource - whether that is oil, or protected intellectual property - is controlled by a few. There is no fixed definition of 'a few', except that it will be more than one (usually more than 2) and ... Read More »
Source: http://uk.answers.yahoo.com/question/index?qid=20080425113808AACp...
What does prison dilemma mean for the formation of cartels?
It means cartel would not be possible in a one-off world. To enforce the cartel, firms need to engage in dynamic punishment strategy, e.g. if somebody cheats, everybody switches to competitive pricing/output, so cheater is punished with low... Read More »
Source: http://answers.yahoo.com/question/index?qid=20080425192756AAGpKf4
How the formation of a Natural-Gas Cartel will change the industr...
I'm sure that this new group will start off with the best of intentions and will be telling people that they have no intention to fix prices and that they're only forming up to facilitate communication and work out issues of mutual interest... Read More »
Source: http://www.linkedin.com/answers/international/treaties-agreements...
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Answers to Other Common Questions
In an age of increasing international commerce, it should come as no surprise that international cartels are on the upswing. As competition becomes international in scope, so do the competitive pressures on businesses. One method of potent...
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Source: http://www.pennstatelawreview.org/articles/how-to-block-cartel-fo...
