Why managers form cartels and why it is hard to stop them

Stephan, Andreas ORCID: https://orcid.org/0000-0002-9839-7338 (2020) Why managers form cartels and why it is hard to stop them. Concurrences, 2020 (4). pp. 26-29. ISSN 1773-9578

Preview

PDF (Accepted_Manuscript) - Accepted Version Download (253kB) | Preview

Abstract

This paper looks at the main drivers behind a manager’s decision to engage in cartel activity and the challenges of addressing them. Managers generally form cartels for three reasons: (i) ignorance of the law, or at least of its full application and consequences; (ii) crises or the fear of bankruptcy/loss of employment; and (iii) arrogance or a wilful disregard of the law. It is argued that weak popular understanding of cartels and the challenges of ensuring personal consequences for those who form them (whether state sanctions or internal corporate disciplinary tools) mean the current approach to cartel enforcement requires further development.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences > School of Law
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Competition, Markets and Regulation Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Depositing User:	LivePure Connector
Date Deposited:	24 Sep 2020 00:05
Last Modified:	24 May 2023 04:18
URI:	https://ueaeprints.uea.ac.uk/id/eprint/76998
DOI:

Downloads

Actions (login required)

View Item