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Provedor de dados:  AgEcon
País:  United States
Título:  ARCHER DANIELS MIDLAND: PRICE FIXER TO THE WORLD
Autores:  Connor, John M.
Data:  1997-05-15
Ano:  1997
Palavras-chave:  Price fixing
Lysine
Citric acid
Sweeteners
Wet-corn milling
Starch industry
Archer Daniels Midland
Market structure
Monopoly overcharge
Antitrust law
Legal damages
U.S. Department of Justice
Demand and Price Analysis
Resumo:  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.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  250

http://purl.umn.edu/28653
Editor:  AgEcon Search
Relação:  Purdue University>Department of Agricultural Economics>Staff Papers
Staff Paper 97-04
Formato:  46

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