Does Price Fixing Benefit Corporate Managers?
Published Online:13 May 2019https://doi.org/10.1287/mnsc.2018.3130
References
- (2010) Screens for conspiracies and their multiple applications. Competition Policy Internat. 6:129–144.Google Scholar
- (2013) The determinants of cartel duration. Working paper, American Antitrust Institute, Washington, DC.Crossref, Google Scholar
- (2014) Antitrust corporate governance and compliance. Blair RD, Sokol DD, eds. The Oxford Handbook of International Antitrust Economics, vol. 2 (Oxford University Press, New York), 586–618.Google Scholar
- (1994) The impact of the National Industrial Recovery Act on cartel formation and maintenance costs. Rev. Econom. Statist. 76:245–254.Crossref, Google Scholar
- (2002) Illiquidity and stock returns: Cross-section and time-series effects. J. Financial Markets 5:31–56.Crossref, Google Scholar
- (2009) Founders, heirs, and corporate opacity in the United States. J. Financial Econom. 92:205–222.Crossref, Google Scholar
- (2012) Family-controlled firms and informed trading: Evidence from short sales. J. Finance 67:351–385.Crossref, Google Scholar
- (2006) CEO incentives and earnings management. J. Financial Econom. 80:511–529.Crossref, Google Scholar
- (2009) Cartel overcharges: An empirical analysis. J. Econom. Behav. Organ. 70:321–341.Crossref, Google Scholar
- (2008) Cartel sanctions: An empirical analysis. Working paper, American Antitrust Institute, Washington, DC.Google Scholar
- (2010) Endogenous cartel formation with heterogenous firms. Rand J. Econom. 41:92–117.Crossref, Google Scholar
- (2016) Cartel dating. Working paper, University of Amsterdam, Amsterdam.Google Scholar
- (2015) How much do cartels overcharge? Rev. Indust. Organ. 47:119–153.Crossref, Google Scholar
- (2008) Corporate governance and collusive behavior. Collins DW, ed. Issues in Competition Law and Policy (Antitrust Section, American Bar Association, Chicago), 1219–1240.Google Scholar
- (2017) Director appointments—It is who you know. Working paper, Drexel University, Philadelphia.Google Scholar
- (2017) Whistle-blowers on the board? The role of independent directors in cartel prosecutions. J. Law Econom. 60:241–268.Crossref, Google Scholar
- (2008) Boards: Does one size fit all? J. Financial Econom. 87:329–356.Crossref, Google Scholar
- (2014) Co-opted boards. Rev. Financial Stud. 27:1751–1796.Crossref, Google Scholar
- (2011) Fines against hard-core cartels in Europe: The myth of over-enforcement. Antitrust Bull. 56:235–276.Crossref, Google Scholar
- (2008) Anti-cartel enforcement by the DOJ: An appraisal. Competition Law Rev. 5:89–121.Google Scholar
- (2010a) Recidivism revealed: Private international cartels 1990-2009. Competition Policy J. 6:101–127.Google Scholar
- (2010b) Price fixing overcharges: Revised 2nd ed. Working paper, American Antitrust Institute, Washington, DC.Google Scholar
- (2014) The private international cartel (PIC) data set: Guide and summary statistics, 1990-2013. Working paper, Purdue University, West Lafayette, IN.Google Scholar
- (2016) International cartel stats: A look at the last 26 years. Working paper, Purdue University, West Lafayette, IN.Google Scholar
- (2006) A meta-analysis of cartel overcharges. Internat. J. Indust. Organ. 24:1109–1137.Crossref, Google Scholar
- (2007) Statistics on modern private international cartels, 1990-2005. Working paper, Purdue University, West Lafayette, IN.Google Scholar
- (2008) Cartel overcharges and optimal cartel fines. Waller SW, ed. Issues in Competition Law and Policy, vol. 3. (ABA Section of Antitrust Law, Chicago), 2203–2218.Google Scholar
- (2012) Cartels as rational business strategy: Crime pays. Cardozo Law Rev. 34:427–490.Google Scholar
- (1995) Detecting earnings management. Accounting Rev. 170:193–225.Google Scholar
- (2016) Busted! Now what? Effects of cartel enforcement on M&A. Working paper, INSEAD, Fontainebleau, France.Google Scholar
- (2013) The price of a CEO’s rolodex. Rev. Financial Stud. 26:79–114.Crossref, Google Scholar
- (2017) Do independent director departures predict future bad events? Rev. Financial Stud. 30:2313–2358.Crossref, Google Scholar
- (2007) Classified boards, firm value, and managerial entrenchment. J. Financial Econom. 83:501–529.Crossref, Google Scholar
- (2001) Market power and cartel formation: Theory and empirical test. J. Law Econom. 44:465–480.Crossref, Google Scholar
- (2016) Corporate finance policies and social networks. Management Sci. 63:2420–2438.Link, Google Scholar
- (2012) External networking and internal firm governance. J. Finance 67:153–194.Crossref, Google Scholar
- (2000) Department of justice antitrust enforcement, 1955-1997: An empirical study. Rev. Indust. Organ. 17:75–133.Crossref, Google Scholar
- (2012) Delays in leniency applications: Is there really a race to the enforcer’s door? Working paper, University of St. Gallen, St. Gallen, Switzerland.Google Scholar
- (1967) White collar crime: The heavy electrical equipment antitrust cases of 1961. Clinard MB, Quinney R, eds. Criminal Behaviour Systems: A Typologoy (Holt, Rinehart, and Winston, New York), 139–151.Google Scholar
- (2008) The profitability of price fixing: Have stronger antitrust sanctions deterred? Working paper, Purdue University, West Lafayette, IN.Google Scholar
- (2006) How do cartels operate? Foundations Trends Microeconom. 2:1–105.Crossref, Google Scholar
- (2008) Detecting cartels. Buccirossi P, ed. Handbook of Antitrust Econom. (MIT Press, Cambridge, MA), 259–304.Google Scholar
- (2017) What can the duration of discovered cartels tell us about the duration of all cartels? Econom. J. 127:1977–2005.Google Scholar
- (1985) The effect of bonus schemes on accounting decisions. J. Accounting Econom. 7:85–107.Crossref, Google Scholar
- (1998) Endogenously chosen boards of directors and their monitoring of the CEO. Amer. Econom. Rev. 88:96–118.Google Scholar
- (2015) CEO turnover and relative performance evaluation. J. Finance 70:2155–2184.Crossref, Google Scholar
- (1991) Earnings management during import relief investigations. J. Accounting Res. 29:193–228.Crossref, Google Scholar
- (2008) The consequences to managers for financial misrepresentation. J. Financial Econom. 88:193–215.Crossref, Google Scholar
- (2009) The economics of fraudulent accounting. Rev. Financial Stud. 22:2169–2199.Crossref, Google Scholar
- (2002) Audit committee, board of director characteristics, and earnings management. J. Accounting Econom. 33:375–400.Crossref, Google Scholar
- (1997) Another look at the impact of the National Industrial Recovery Act on cartel formation and maintenance costs. Rev. Econom. Statist. 79:151–154.Crossref, Google Scholar
- (2008) A dynamic approach to cartel formation. Internat. J. Game Theory 37:397–408.Crossref, Google Scholar
- (2009) Auditor switches in the pre- and post-Enron eras: Risk or realignment? Accounting Rev. 84:531–558.Crossref, Google Scholar
- (2006) Asymmetric sensitivity of CEO cash compensation to stock returns. J. Accounting Econom. 42:167–192.Crossref, Google Scholar
- (2006a) What determines cartel success? J. Econom. Literature 44:43–95.Crossref, Google Scholar
- (2006b) Cartel bargaining and monitoring: The role of information sharing. The Pros and Cons of Information Sharing (Swedish Competition Authority, Stockholm), 43–81.Google Scholar
- (2011) Determinants of cartel duration and the role of cartel organization. J. Law Econom. 54:455–492.Crossref, Google Scholar
- (2014) Cartels and collusion: Empirical evidence. Blair RD, Sokol DD, eds. Oxford Handbook on International Antitrust Economics, vol. 2 (Oxford University Press, New York), 442–463.Google Scholar
- (2016) Price fixing hits home: An empirical study of U.S. price fixing conspiracies. Rev. Indust. Organ. 48:361–379.Crossref, Google Scholar
- (2017) Unobserved collusion: Warning signs and concerns. J. Antitrust Enforcement 5:329–340.Crossref, Google Scholar
- (2012) Globalizing the boardroom—the effects of foreign directors on corporate governance and firm performance. J. Accounting Econom. 53:527–554.Crossref, Google Scholar
- (2015) Antitrust leniency with multi-product colluders. Amer. Econom. J. Microeconom. 7:205–240.Crossref, Google Scholar
- (2016) Behind the scenes: The corporate governance preferences of institutional investors. J. Finance 71:2905–2932.Crossref, Google Scholar
- (2009) Strategic leniency and cartel enforcement. Amer. Econom. Rev. 99:750–768.Crossref, Google Scholar
- (2014) A tip of the iceberg? The probability of catching cartels. J. Applied Econometrics 29:549–566.Crossref, Google Scholar
- (2003) Voting with their feet: Institutional ownership changes around forced CEO turnover. J. Financial Econom. 68:3–46.Crossref, Google Scholar
- (2014) The executive turnover risk premium. J. Finance 69:1529–1563.Crossref, Google Scholar
- (1999) Process of dominant cartel formation. Internat. J. Indust. Organ. 17:241–257.Crossref, Google Scholar
- (2010) Is CEO cash compensation punished for poor firm performance? Accounting Rev. 85:1065–1093.Crossref, Google Scholar
- (1986) Large shareholders and corporate control. J. Political Econom. 94:461–488.Crossref, Google Scholar
- (2016) Cartels and leniency: Taking stock of what we learnt. Corchon LC, Marini MA, eds. Handbook of Game Theory and Industrial Organization, vol. 2 (Edward Elgar Publishing, Cheltenham, UK), 57–90.Crossref, Google Scholar
- (2010) Hear no evil, see no evil: Why antitrust compliance programmes may be ineffective at preventing cartels. Company Lawyer 31:231–239.Google Scholar
- (1964) A theory of oligopoly. J. Political Econom. 72:44–61.Crossref, Google Scholar
- (1996) Higher market valuation of companies with a small board of directors. J. Financial Econom. 40:185–211.Crossref, Google Scholar

