Contents

List of Contributors

Introduction: What Do We Mean by Cartel Success?
Peter Z. Grossman

1. Studies of Cartel Stability: A Comparison of Methodological Approaches
Margaret C. Levenstein and Valerie Y. Suslow

2. Decreasing Average Cost and Competition: A New Look at the Addyston Pipe Case
George Bittlingmayer

3. The Stability of Ocean Shipping Carteis
William Sjostrom

4. Why One Cartel Fails and Another Endures: The Joint Executive Committee and the Railroad Express
Peter Z. Grossman

5. A Practice without Defenders: The Price Effects of Cartelization
Janice Rye Kinghorn and Randali Nielsen

6. If Cartels Were Legal, When Would Firms Fix Prices?
Andrew R. Dick

7. The Difference Government Policy Makes: The Case of Japan
Mark Tilton

8. Political Constraints on Government Cartelization: The Case of Oil Production Regulation in Texas and Saudi Arabia
Gary D. Libecap and James L. Smith

9. International Commodity Agreements as Internationally Sanctioned Cartels
Christopher L. Gilbert

10. Response to Decline in the Western European Synthetic Fibre Industry: An Investigation of a Crisis Cartel
P. Simpson

11. Collaborate to Collude? Multimarket and Multiproject Contact in R&D
Nicholas S. Vonortas and Yongsuk Jang

Index