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A cartel is a counterfeit agreement among industries. It is an informal organization of producers that agree to coordinate prices and production.

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Wikipedia About Cartel

A cartel is a counterfeit agreement among industries. It is an informal organization of producers that agree to coordinate prices and production.

Several economic studies and legal decisions of antitrust authorities have found that the median price increase achieved by cartels in the last 200 years is around 25%. Private international cartels (those with participants from two or more nations) had an average price increase of 28%, whereas domestic cartels averaged 18%. Less than 10% of all cartels in the sample failed to raise market prices.

Private vs public cartel

A distinction needs to be drawn between public and private cartels. In the case of public cartels, the government may establish and enforce the rules relating to prices, output and other such matters. Export cartels and shipping conferences are examples of public cartels. In many countries, depression cartels have been permitted in industries deemed to be requiring price and production stability and/or to permit rationalization of industry structure and excess capacity. In Japan for example, such arrangements have been permitted in the steel, aluminum smelting, ship building and various chemical industries. Public cartels were also permitted in the United States during the Great Depression in the 1930s and continued to exist for some time after World War II in industries such as coal mining and oil production. Cartels have also played an extensive role in the German economy during the inter-war period. International commodity agreements covering products such as coffee, sugar, tin and more recently oil (OPEC) are examples of international cartels which have publicly entailed agreements between different national governments. Crisis cartels have also been organized by governments for various industries or products in different countries in order to fix prices and ration production and distribution in periods of acute shortages.

In contrast, private cartels entail an agreement on terms and conditions from which the members derive mutual advantage but which are not known or likely to be detected by outside parties. Private cartels in most jurisdictions are viewed as being illegal and in violation of antitrust laws.

Long-term unsustainability of cartels

Some argue that cartels are inherently unstable via game theory arguments, particularly the prisoner's dilemma. By staying silent (cooperating) both prisoners are better off than in the case where both decide to betray (deviate from the agreement, that is, competing). Nevertheless, if only one of the two prisoners betray while the other stays silent, the former would be free, which is still more desirable for him than having to stay in prison for six months.

The same may occur in a cartel if the market is inherently limited (as opposed to the market remaining in existence indefinitely: while their members are better-off being part to the agreement than competing, deviating (for example by reducing one's price) could imply capturing a big amount of the market demand and making big profits. In other words, the members of a cartel always have an incentive to deviate from their agreement which explains why cartels are generally difficult to sustain in the long run. Empirical studies of 20th century cartels have determined that the mean duration of discovered cartels is from 5 to 8 years. However, once a cartel is broken, the incentives to form the cartel return and the cartel may be re-formed.

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News about Cartel

As infamous Mexican cartel totters, violence grows

Greenwich TimeTIJUANA, Mexico -- In Mexico's drug war, Tijuana tells the story of a government that says it's winning, even as the battle gets bloodier.http://www.greenwichtime.com/localnews/ci_12232816?source=rs...

Gunmen kill 9 in western Mexico, shoot horses

AP via Yahoo! NewsGunmen killed nine people in three separate attacks in the Mexico's drug-plagued western state of Michoacan, authorities said Sunday.http://news.yahoo.com/s/ap/20090510/ap_on_re_la_am_ca/lt_dru...

Bollywood boycott dulls screens

Pittsburgh Post-GazetteMUMBAI, India -- The dispute between Bollywood producers and Indian multiplexes over revenue sharing hardened this week, with no end in sight to the monthlong boycott of new releases.http://www.post-gazette.com/pg/09131/968864-60.stm?cmpid=ent...

Breaking Bad, "Over": Walt takes a break

The Star-LedgerWalt (Bryan Cranston) made a scene at a party with Walter Jr. (RJ Mitte) and Hank (Dean Norris) on tonight's "Breaking Bad."Spoilers for tonight's "Breaking Bad" coming up just as soon as I do tequila shots with my kid......http://www.nj.com/entertainment/tv/index.ssf/2009/05/breakin...

Gunmen attack Mexico ranch, killing 9, shooting horses

Houston ChronicleThe state attorney general's office said gunmen broke into a ranch in a rural area and shot dead five employees, along with four horses and a bull.http://www.chron.com/disp/story.mpl/chronicle/6417493.html

News about Cartel

Mexico cartel weapons cache stymies tracing

AZCentral.comMEXICO CITY - Deep inside a heavily guarded military warehouse, the evidence of Mexico's war on drug cartels is stacked two stories high: tens of thousands of seized weapons, from handguns and rifles to AK-47s, some with gun sights carved into the ... http://www.azcentral.com/news/articles/2009/05/06/20090506dr...

Allen Stanford was 'US government informer'

Daily TelegraphPanorama claimed some US officials were aware of Sir Allen's cartel links as long ago as 1990. It reported that Sir Allen, paid a $3.1 million (£2.05 million) cheque to the DEA in 1999 after that sum was invested in his bank by another Mexican drug ... http://www.telegraph.co.uk/finance/financetopics/sir-allen-s...

As infamous Mexican cartel crumbles, violence grows

KVIA.comTIJUANA, Mexico (AP) - In Mexico's drug war, Tijuana tells the story of a government that says it's winning, even as the battle gets bloodier. The arrest aboard a yacht in August 2006 of Javier Arellano Felix, the boss of the Tijuana-based Arellano ... http://www.kvia.com/Global/story.asp?S=10314548

Mexican warehouse exposes gun grabber cartel lies

San Francisco ExaminerU.S. guns and Mexican criminal syndicates have been frequent topics of late, not because I have a special affinity for the relationship, but because the anti-gun government/activist/media coalition, henceforth referred to as the "gun grabber cartel ... http://www.examiner.com/x-1417-Gun-Rights-Examiner~y2009m5d7...

LA Times: Cartel boss: "use their weapons" north of border

El Paso TimesThe head of Mexico's Sinaloa drug cartel, Joaquin "El Chapo" Guzman, is telling his drug smugglers to "use their weapons to defend their loads at all costs," north of the border, according to a story in today's Los Angeles Timeshttp://www.elpasotimes.com/ci_12306868?source=most_viewed

Search results for Cartel

Cartel on purevolume™

PureVolume is the place for rising artists to host their mp3s and get exposure. We showcase unsigned artists, independent labels, and major label artists. Visitors can download ... http://www.purevolume.com/cartel

CarTel [MIT Cartel]

CarTel is a distributed, mobile sensor network and telematics system. Applications built on top of this system can collect, process, deliver, analyze, and visualize data from ... http://cartel.csail.mit.edu/

cartel - definition of cartel by the Free Online Dictionary, Thesaurus ...

car·tel (kär-t l) n. 1. A combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members.http://www.thefreedictionary.com/cartel

cartel - Definition of cartel at YourDictionary.com

noun. a written challenge, as to a duel; a written agreement between nations at war, esp. as to the exchange of prisoners; Etymology: Ger kartell < Fr cartelhttp://www.yourdictionary.com/cartel

Cartel Industries - Precision Sheet Metal Since 1971

Cartel Industries LLC Precision Sheet Metal Stamping, Laser Cutting, CNC Punching, Mig Welding, Tig Welding, Heliarc Welding, Silk Screening, ISO 9002http://www.cartelind.com/

Wikipedia results for Cartel

Cartel - Wikipedia, the free encyclopedia

A cartel is a formal (explicit) agreement among firms. It is a formal organization of producers that agree to coordinate prices and production.http://en.wikipedia.org/wiki/Cartel

Cartel (band) - Wikipedia, the free encyclopedia

Cartel is a five-member American pop punk band from Conyers, Georgia that formed in 2003. Their debut album Chroma made them an instant hit. They are currently working on their ... http://en.wikipedia.org/wiki/Cartel_%28band%29

Cartel (rap group) - Wikipedia, the free encyclopedia

Cartel is a 1995 Turkish hip hop group that received attention and popularity in both Turkey and Germany. They were famous for pioneering the use of traditional Turkish music ... http://en.wikipedia.org/wiki/Cartel_(rap_group)

Cartel (album) - Wikipedia, the free encyclopedia

Cartel is Cartel 's second album, released in stores on August 21, 2007 despite being announced by the band's lead singer as coming out on July 24, 2007.http://en.wikipedia.org/wiki/Cartel_%28album%29

Norte del Valle Cartel - Wikipedia, the free encyclopedia

The Norte del Valle Cartel, or North Valley Cartel, is a drug cartel that operates principally in the north of the Valle del Cauca department of Colombia.http://en.wikipedia.org/wiki/North_Valley_cartel
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Videos found for Cartel

Daddy Yankee "Llamado de emergencia...

Daddy Yankee Versión Oficial del Soundtrack Talento de Barrio © El CARTEL RECORDS para DYNATIONFlash - Video

Obama targets Mexican cartels

Obama targets Mexican cartelsIn his second big international trip, President Barack Obama expresss mounting US concern over Mexican drug cartel violence that is spilling over into the U.S.Flash - Video

Alleged cartel No. 2 arrested in Me...

Alleged cartel No. 2 arrested in MexicoApril 2: Vicente Carrillo Leyva, the alleged second in command of the Juarez drug cartel, has been detained in Mexico as one of the country's most wanted drug suspects....Windows Media - Video

Somos de Calle (Original Cartel ver...

Somos de Calle (Original Cartel version) - Daddy YankeeNuevo video del soundtrack de la pelicula de Daddy Yankee "Talento de Barrio" Que se estrenará en Mayo 2008.Flash - Video

Mexican Cartel Hitman Shows Off His...

Mexican Cartel Hitman Shows Off His Assassination Tools- MEXICO: A cartel hitman-for-hire claiming to be paid $12,000 U.S. dollars a week by the drug cartels and to have assassinated 23 policemen so far, uploaded a home-made video of...Flash - Video

Answers for Cartel

Theater freakCartel?!?!?!?!?!?!?!?Theater freakthere probably wont be...a couple members of the band are very religious. Them, along with members of underoath held bible studies during Warped Tour. They're a real good band. Good choice....JasonWhat is the name of the really cute cartel woman who was arrested?JasonYou looking for a date? Might have to wait awhile.ok_go4What font does cartel use for their cd covers and their logo?ok_go4A quick google shows three different typefaces which one do you mean? Avant Garde with Alternates (customised) is oneSearchingForTruthAre the banks operating some form of cartel relating to charges for unauthorised overdrafts?SearchingForTruthThere is a fine line between a cartel (group bank greed) and aggressive account management (individual bank greed). It is equally as likely to be a cartel as to just be a case of banker "B" seeing ba...raineeA cartel allows firms to behave as a monopoly to earn high profits?raineeCartels work because, working in collusion, the members can act like a monopoly and charge high prices. But then they have the problem of splitting the take. Firms cheat because if they cheat and t...
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