‘Cartels as Children of Hard Times, Antitrust Recidivism, and the Managerial Firm’
May 29, 2013 Leave a comment
For this Friday’s research seminar, the Centre is delighted to welcome Professor Steve Martin (Krannert School of Management, Purdue University) who will be presenting his research on ‘Cartels as Children of Hard Times, Antitrust Recidivism, and the Managerial Firm‘. Steve presented an earlier version of this paper at the 39th Annual EARIE Conference in September of last year, a version of which is available for download here. A short abstract for his article can be found below.
In industries where the technology requires large fixed and sunk investment and there are severe demand fluctuations, in downturns decision-makers face a loss of control if they collude and are caught and they face a loss of control if they do not meet financial obligations. In these circumstances, corporate fines for detected collusion are unlikely to provide effective deterrence.
Steve will also be speaking as part of the CCP’s Summer Conference which is taking place next week. An abstract for his presentation on ‘Shaping U.S. Antitrust Institutions’ can be downloaded from our profiles page, along with the abstracts of our other guest speakers.