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WHAT CAN WE LEARN FROM THE ADM GLOBAL PRICE CONSPIRACIES?

John Connor ()

No 28621, Staff Papers from Purdue University, Department of Agricultural Economics

Abstract: ADM was at the center of two large global price-fixing conspiracies. Buyers were overcharged $116 to $378 million in the United States. Market structure and corporate management style facilitated these cartels. The criminal prosecutions and defendants' legal strategies were both laudatory, but civil plaintiffs were short-changed. ADM has undergone severe management restructuring, but the effectiveness of apprehending global cartels with national legal enforcement is questionable.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 49
Date: 1998
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http://ageconsearch.umn.edu/record/28621/files/sp98-14.pdf (application/pdf)

Related works:
Working Paper: WHAT CAN WE LEARN FROM THE ADM GLOBAL PRICE CONSPIRACIES? (1998) Downloads
Working Paper: WHAT CAN WE LEARN FROM THE ADM GLOBAL PRICE CONSPIRACIES? (1998) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:puaesp:28621

DOI: 10.22004/ag.econ.28621

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