CIRC in MEDIA - December 2007

Cartelist Behaviour is Difficult to Detect

The Hindu, December 22, 2007

By D Murali

Chennai: A few days ago, the Monopolies and Restrictive Trade Practices Commission (MRTPC) found 44 cement companies guilty of cartelisation under the aegis of Cement Manufacturer’s Association (CMA) during the period February to April 1990. “Even though it took 17 years for the MRTPC to come to a decision on an old case of the pernicious cement cartel in India of 1990s, it is a case of better late than never,” says Mr Pradeep S. Mehta, who recently published ‘Competition & Regulation in India, 2007’ (www.cuts-international.org).

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Cartels by the Cartloads

The Hindu Business Line, December 20, 2007


Cartel is a small group of producers of a good or service who agree to regulate supply in an effort to control or manipulate prices, defines www.investopedia.com. "The best known example of a cartel is probably the Organization of Petroleum Exporting Countries (OPEC)." Adam Smith wrote in The Wealth of Nations (1776) that when people of the same trade meet, `the conversation ends in conspiracy against the public, or in some contrivance to raise prices.'

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