Description

Book Synopsis
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; wh

HubandSpoke Cartels Why They Form How They

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    A Hardback by Luke Garrod, Joseph E. Harrington, Jr.

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      Publisher: MIT Press Ltd
      Publication Date: 16/11/2021
      ISBN13: 9780262046206, 978-0262046206
      ISBN10: 0262046202
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      Business, Finance & Law Business and Management

      Description

      Book Synopsis
      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; wh

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