Exposed: How Hub-and-Spoke Cartels Manipulate Prices and Limit Competition
The article discusses hub-and-spoke cartels, where competitors work together with a supplier or buyer to limit competition. The researchers analyze how these cartels form, operate, and are prosecuted, using case studies like Hasbro and Apple. They identify three types of hub-and-spoke cartels and provide strategies for prosecuting collusion. The goal is to help both economists and lawyers understand and combat these anti-competitive practices.