Collusion

Margaret Levenstein and Valerie Suslow seek out what determines a business cartel’s success. They reject the assumption of many economists that the main reason cartels fail comes from cheating firms, which undermine attempts by cartels to collude to raise prices and restrict output. They believe that cheating is just one facet of how a cartel can fail and not the main reason. To answer their question, Levenstein and Suslow attempt to answer four other research questions: 1. Can cartels succeed? 2. How long do cartels last? 3. What impact do cartels have? 4. What causes a cartel to break up or fail? Using a variety of quantitative evidence, Levenstein and Suslow use these questions to determine what aids in a cartels success. They contend that while many cartels fail, many do succeed, and their success stems from how they can collaborate, deter cheating, and bar entry by other firms. Levenstein and Suslow admit that since cartels are usually secretive and illegal, their empirical evidence is limited and cannot be based on random samples. Most of the evidence is extracted from law enforcement prosecutors and governments that allow cartels to reside. They both agree that it is difficult to guess the success of cartels because of their secretiveness and ability to stay under the radar of regulatory agencies. However, Levenstien and Suslow pull a great deal of data from the cases they have and create a strong argument for how cartels succeed despite the limited amount of case…

When researching the different terms and meanings of plagiarism, academic integrity, and collusion the realization that even though they are very different words they have similarities and huge differences. Such as plagiarism meaning “the practice of taking someone else’s work or ideas and pass them off as one’s own,” and collusion. Collusion meaning “a secret agreement, especially of fraudulent or treacherous purposes.” Reading these terms makes me see that when plagiarizing a paper, you are…

Contingent factors that helped and allowed for collusion. One of the most obvious factors facilitating the lysine collusion was the number of the companies operating on this market. As we already told there were only 5 major players on lysine market. The small number of firms allowed them to negotiate and reach to an agreement much easier than if it would be a competitive market with many firms. Furthermore it was easier to coordinate their activities and to adjust their strategies according to…

The concept I found most valuable in Module 8, Effective Negotiations was the three forms of collusion: silence, denial, and active participation. I found this area most important because of the negative impact collusion can have on the work center. If I let this kind of behavior occur as a Military Training Instructor (MTI) I will not lead successful flights. I play a key role in stopping this before it starts. The first type of collusion is silence. Course 15 states that collusion is the…

This is referred to as collusion and is one of the many SBTs. According to the Diversity chapter, “Collusion occurs when people cooperate with others, knowingly or unknowingly, to reinforce those behaviors that prevent others from fully entering into the workplace culture.” (Course 15). The three different types of collusion are silence, denial, and active participation. This is the lesson concept I find most valuable. The reason why it is the most valuable is because I deal with collusion…

Politicians and regulators therefore have to keep a close eye on oligopolists and make sure that they don’t become to powerful. In some cases, oligopolists try to further increase their profits by engaging in cooperative behaviour like collusion. Oligopolists sometimes try to make deals to purposely restrict their supply and increase their prices. These type of collaborations are illegal and oligopolists therefore turn to tacit collusion. This means that they make these agreements without…

In Leadership and Self-Deception, the book reminds leaders to see people as people and not objects. Through a narrative story, Bud, Lou and Kate teach Tom several important principles including: the concept of the box, collusion, and how to get out of the box. These principles laid the foundation for the overarching lesson from the book which is that as a leader who does or does not possess these qualities will have an effect on the culture of the organization we are leading. The concept of…

lengths the supermarkets will go to, but they will also use their power within the market to make it as hard as possible to enter the market. Other barriers are the extremely low prices that Coles and Woolworths can set due to the control they have over their suppliers, there revenue isn’t effected but new firms cannot compete. Pricing, Interdependence and Price Rigidty in Supermarket Industry As discussed in the above section pricing in an oplipgoly is complicated. Firms don’t want to lose…

There are many types of cooperative strategies such as collusion, and strategy alliances. 2.1.2.1 Collusion It is an active cooperation of firms within an industry to diminish output and increase prices to avoid the normal economic law of demand and supply. An explicit collusion is illegal in many countries and in regional trade association. Explicit collusion can be express in which case firm directly using communication and negotiation, or indirectly through an informal system of signals…

Plagiarism when one looks up the what plagiarism is they will find that plagiarism is in the simplest form, taking someone else’s information like their essay, for example without their permission to use that essay and saying that it is their own or that they make changes or reword the essay to sound as if it is their own. Now the next term academic integrity is a fairly simple term in that one doesn’t cheat or lie about your work and that they will be honest and truthful in their work. An…