Cartels: A Hidden Evil in the Marketplace

Brief Summary

Wharton professor Joe Harrington discusses cartel duration, collusion, and the implications of antitrust policies, including the corporate leniency program.

Key points

• Understanding Collusion. Professor Harrington discusses the nature of collusion and its impact on markets.
• The Challenge of Cartels. Harrington explains the difficulties in measuring the true extent of cartels.
• Implications of Research. The research aims to evaluate the impact of antitrust policies on cartel duration.