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Journal of Economic Literature - Book Review

JEL Volume. 50, Issue 4 | leftPrevious Review Next Review right

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Book(s) Reviewed

The Economics of Collusion: Cartels and Bidding Rings by Robert C. Marshall and Leslie M. Marx

Published By: Cambridge and London: MIT Press
ISBN: 978-0-262-01732-9
Date of Publication: 2012


Book Review Detail

Reviewed by: John J. Siegfried of Vanderbilt University and University of Adelaide
Review DOI: 10.1257/jel.50.4.1106.r11
Review Pages: 1135-38

Book Review Abstract

John J. Siegfried of Vanderbilt University and University of Adelaide reviews, "The Economics of Collusion: Cartels and Bidding Rings" by Robert C. Marshall and Leslie M. Marx. The JEL annotation of this book begins: "Presents an introduction to explicit collusion that examines what it is, why it is profitable, how it is implemented, and how it might be detected. Discusses collusion in practice; narrative of a cartel; narrative of a bidding ring; narrative of cartel detection; suppression of rivalry by cartels; implementation of collusion by cartels; beyond the suppression of within-cartel rivalry; suppression of interbidder rivalry by rings; implementation of collusion by rings; the effects of auction design on rings; plus factors; plus factors for rings; and coordinated efforts in horizontal mergers. Marshall is Liberal Arts Research Professor of Economics at Pennsylvania State University. Marx is Professor of Economics in the Fuqua School of Business at Duke University. Name, subject, and case indexes."


Book Review Full-Text Access



Book Review Authors

John J. Siegfried of Vanderbilt University and University of Adelaide


JEL Classifications

D44: Auctions
G34: Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
K21: Antitrust Law
L12: Monopoly; Monopolization Strategies
L13: Oligopoly and Other Imperfect Markets
L40: Antitrust Issues and Policies: General


Journal of Economic Literature


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