The pros and cons of statistical tools to spot cartels

Experts estimate that illegal cartels of businesses harm consumers to the tune of many billions of dollars annually as they secretly collude to set prices, allocate territory, and distort market competition for their own financial benefit. In a new Significance article, Carsten Crede, of the Centre for Competition Policy and the School of Economics at the University of East Anglia, outlines the pros and cons of cartel screens, which are statistical tools to help spot bad business behavior. —> Read More