Internet Exercise 3 Introductory



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Internet Exercise 3

Introductory
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In this chapter, the authors discuss antitrust law and price fixing. To read about more cases of price fixing and to see how widespread price fixing has been recently, go to www.usdoj.gov./atr/public/press_releases/2000/index00.htm, where you will find a list of press releases from the Antitrust Division of the Department of Justice. Consider the three-month period of July to September. During that time, there were at least seven press releases pertaining to price fixing. Briefly review the following articles:

  1. September 22, 2000: "ADM Executives Resentenced to Serve Additional Jail Time."

  2. September 7, 2000: "Virginia-Based Company Charged with Bid Rigging on USAID Construction Contracts in Egypt."

  3. August 18, 2000: "German Company Pleads Guilty to Rigging Bids on USAID Construction Contracts In Egypt."

  4. August 9, 2000: "Massachusetts Company Charged with Bid Rigging on Sales Of Tactile Tile."

  5. August 3, 2000: "French Executive Indicted for Bridge Projects Scheme."

  6. July 20, 2000: "Texas Glass Company and Two Executives Charged with Bid Rigging on Architectural Flat Glass Contracts."

  7. July 13, 2000: "New York Food Supplier Charged with Rigging $2.4 Million in Bids to Public Agencies."

For each of the articles, please answer the following questions (you may want to work this exercise off-line):



Question 1

Type:
Essay



Which antitrust law does the case involve? Does it appear as though the price fixing (or bid rigging) is overt or tacit? Explain briefly.

Hint:

 

Feedback:

 






Question 2

Type:
Essay



For each case in which a punishment has been determined, briefly list the punishment. Do the punishments seem consistent among the cases?

Hint:

 

Feedback:

 






Question 3

Type:
Essay



Is the government applying a per se or rule of reason approach? Explain. Are any defenses considered?

Hint:

 

Feedback:

 







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