Description
Book Synopsis: An examination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected.Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding rings function for years in a stable and peaceful manner despite the illegality of their agreements and incentives for deviation by their members. In The Economics of Collusion, Robert Marshall and Leslie Marx offer an examination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected.
Marshall and Marx, who have studied collusion extensively for two decades, begin with three narratives: the organization and implementation of a cartel, the organization and implementation of a bidding ring, and a parent company's efforts to detect collusion by its divisions. 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 entrée 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.
Details
Looking to get an edge in the cutthroat world of business? Introducing "The Economics of Collusion: Cartels and Bidding Rings" - the ultimate guide to understanding and profiting from collusive behavior. This groundbreaking book by Robert Marshall and Leslie Marx offers an in-depth examination of collusion: what it is, how it works, and most importantly, how it can be detected. With their two decades of expertise on the subject, Marshall and Marx have crafted a compelling narrative that will captivate both seasoned professionals and curious beginners in the realm of economics.
Do you know why many cartels and bidding rings manage to thrive for years, despite the illegality of their actions? It's because suppressing rivalry between competitors leads to enhanced profits. In this book, you will uncover the secrets behind the organization and implementation of these collusive schemes. With fascinating and meticulously crafted fictitious accounts inspired by real-life cases, you'll gain a deep understanding of the inner workings and strategies behind cartels, bidding rings, and even parent companies' efforts to detect collusion among their divisions.
But don't worry, "The Economics of Collusion" isn't just about captivating narratives. It also dives into detailed economic analyses that will sharpen your knowledge and equip you with the tools to navigate this complex world. Whether you're a business professional looking to stay ahead of the competition or a student seeking to understand the nuances of collusive behavior, this book is a must-have.
What are you waiting for? Take advantage of this opportunity to gain invaluable insights into the world of collusion. Grab your copy of "The Economics of Collusion: Cartels and Bidding Rings" now and be prepared to unlock a whole new level of understanding in the world of business.
Click here to get your copy today!
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