ARCHER DANIELS MIDLAND: PRICE FIXER TO THE WORLD

John Connor ()

No 28653, Staff Papers from Purdue University, Department of Agricultural Economics

Abstract: Both market structure and corporate practices of Archer Daniels Midland fostered the implementation of the largest price- fixing conspiracies seen in modern times. These events have spurred renewed attention by U.S. antitrust authorities in prosecuting international cartels. The overcharges imposed on buyers of lysine and citric acid during 1994-1995 by ADM and its co-conspirators amounted to at least $200 million, and the total amount of public penalties, private damages, and legal costs exceeds $500 million. Perpetrators of price-fixing now face monetary exposures that are five times the amount of the harm caused to buyers.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 46
Date: 1997
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/28653/files/sp97-04.pdf (application/pdf)

Related works:
Working Paper: ARCHER DANIELS MIDLAND: PRICE-FIXER TO THE WORLD (2000)
Working Paper: ARCHER DANIELS MIDLAND:PRICE FIXER TO THE WORLD (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:puaesp:28653

DOI: 10.22004/ag.econ.28653

Access Statistics for this paper

More papers in Staff Papers from Purdue University, Department of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().