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Great School Milk Conspiracies Revisited (2000)

Scott, Frank A.

Springer

Review of industrial organization 17 (2000), S. 325-341

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ISSN: 1573-7160

Keywords: Bid rigging ; dairy industry ; price fixing ; sealed-bid auctions

Source: Springer Online Journal Archives 1860-2000

Topics: Economics

Notes: Abstract This paper revisits a particular case involvingtwo dairy processing companies accused ofrigging bids in northern Kentucky schooldistricts during the 1980s. Evidence andarguments presented to support a conclusion ofovert collusion are reassessed. Analyses ofincumbency rates, market shares, bid levels, biddispersions, bid distance relationships, exactbidding differentials, and “bids from hell”indicate that the two dairies may have beenengaged in tacit collusion instead of overt collusion.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1023/A:1007879516381

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