WHAT CAN WE LEARN FROM THE ADM GLOBAL PRICE CONSPIRACIES?

John Connor ()

No 98-14, Working Papers from Purdue University, College of Agriculture, Department of Agricultural Economics

Abstract: ADM was at the center of two large global price-fixig 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: Price fixing; global cartel; antitrust; citric acid; market structure; structural change; lysine; international trade; Archer Daniels Midland Co.; welfare analysis (search for similar items in EconPapers)
Pages: 49 pages
Date: 1998
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Citations: View citations in EconPapers (8)

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Working Paper: WHAT CAN WE LEARN FROM THE ADM GLOBAL PRICE CONSPIRACIES? (1998)
Working Paper: WHAT CAN WE LEARN FROM THE ADM GLOBAL PRICE CONSPIRACIES? (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:pae:wpaper:98-14

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