The Economics of Collusion: Cartels and Bidding Rings

By Leslie M. Marx and Robert C. Marshall

Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. This book offers anexamination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected. These accounts--fictitious, but rooted in the inner workings and details from actual cases--offer a novel and engaging way for the reader to understand the basics of collusive behavior. The narratives are followed by detailed economic analyses of cartels, bidding rings, and detection. The narratives offer an engaging entree to the more rigorous economic discussion that follows. The book is accessible to any reader who understands basic economic reasoning. Mathematical material is flagged with asterisks. Robert C. Marshall is Liberal Arts Research Professor of Economics at Pennsylvania State University. Leslie M. Marx is Professor of Economics at the Fuqua School of Business at Duke University.

• Format: Hardcover
• Language: English
• ISBN: 0262017326
• ISBN13: 9780262017329
• Release Date: January 2012
• Publisher: Mit Pr
• Length: 302 Pages
• Weight: 1.30 lbs.
• Dimensions: 9.3" x 1.0" x 6.3"