Cartel: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Cartel

  • an alliance of business companies formed to control production, competition, and prices

Wiktionary Definition for: Cartel

  • A group of businesses that collude to fix prices within an industry or market.
  • An official agreement between governments at war, especially one concerning the exchange of prisoners
  • # nautical a ship used to negotiate with an enemy in time of war, and to exchange prisoners

Additional Resources

Energy chief cans cartel.
Byline: Nigel Wilson May 08, 2006 (The Australian - ABIX via COMTEX) -- The International Energy Agency IEA does not support an LNG producers' cartel. Executive director of the IEA, Claude Mandil, said that the concept of a cartel was attractive to some...
Tags: cartel, International Energy Agency, MARKETING
Research articles 2006-05-08
New cartel immunity policy: A rush to the gate.
Byline: Fergus Smith and Dave Poddar Oct 17, 2005 (Keeping Good Companies - ABIX via COMTEX) -- Only cartel conduct is covered by the Australian Competition & Consumer ...
Tags: Australian Competition and Consumer Commission, cartel, Government, Leadership, Regulations
Research articles 2005-10-17
EU brings down lift cartel with record billion-euro fine
BRUSSELS AFP — EU competition regulators imposed their biggest fine ever on Wednesday, hitting lift makers Otis, Schindler, ThyssenKrupp and Kone with a penalty of nearly a billion euros for running an illegal cartel. "The result of this cartel is that taxpayers, public authorities and property developers have been...
Tags: antitrust, cartel, European Commission, Government, Regulations, SECURITY
Research articles 2007-02-21
A cure for cartel cancer.
Byline: Paul Kerin Jan 30, 2006 (BRW - ABIX via COMTEX) -- Cartels are probably more common in Australia than most people like to think. The Australian Competition & Consumer Commission ...
Tags: Australian Competition and Consumer Commission, cartel, immunity, Strategy
Research articles 2006-01-30
LAW BRIEFS
EC: new cartel procedure The European Commission EC has introduced a new settlement procedure that it says will allow cartel cases to be settled more quickly. Under the new system, if parties look at the EC's evidence and choose to acknowledge their involvement and liability for the cartel, their fine...
Tags: directive, European Commission, FINANCE, payment
Research articles 2008-07-31
ACCC launches consumer guide to cartel conduct.
M2 PRESSWIRE-21 March 2006-ACCC: ACCC launches consumer guide to cartel conductC1994-2006 M2 COMMUNICATIONS LTD RDATE:21032006 A consumer guide to cartel conduct was launched by Australian Competition and Consumer Commission Chairman, Mr Graeme Samuel, today.* "Cartels are a scourge on...
Tags: Australian Competition and Consumer Commission, cartel, INTERNET, MARKETING, Pricing
Research articles 2006-03-21
Leniency lifts the lid on box cartel.
Byline: Bryan Frith Dec 21, 2005 (The Australian - ABIX via COMTEX) -- The leniency policy of the Australian competition regulator led to revelations of a cartel. The Australian...
Tags: Australian Competition and Consumer Commission, cartel, Government, MARKETING, Regulations, SALES
Research articles 2005-12-21
Susana Sosa-Martinez to Lead Cartel Creativo's U.S. Army Account
SAN ANTONIO -- Cartel Creativo, Inc., a strategic partner to The Cartel Group, has appointed Susana Sosa-Martinez, a veteran of multicultural marketing and senior executive at the San Antonio-based communications agency, as Account Director for the U.S. Army, one of the nation's largest ad accounts.
Tags: U.S. Army
Research articles 2005-08-08
Regulator to check new cartel claims against Amcor.
Byline: Matthew Drummond Dec 17, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Cadbury Schweppes has lodged a $A120 million lawsuit against Amcor. Cadbury has accused Amcor of a bottle and can cartel. Cardboard packaging companies Amcor and Visy were already...
Tags: Australian Competition and Consumer Commission, Cadbury Schweppes Plc., cartel, HARDWARE, immunity, Litigation, regulator, Storage
Research articles 2006-12-17
Capitalism for the cooperative: the NCAA and NFL model of parity and profit
ABSTRACT Economists have long recognized the cartel behavior of the NCAA. Previous research has addressed the cartel characteristics of monopsony behavior, cheating, member cooperation, and supply limits of the NCAA and its members. Where this paper adds to the literature is the conceptual link between the NCAA and the...
Tags: cartel, league, MLB, NCAA, NFL, parity, revenue, team
Research articles 2007-05-01
A cartel for every product. (Names in the News).(European Commission)(Brief Article)
THE EUROPEAN COMMISSION HAS FINED Degussa AG $118 million and Nippon Soda Company Ltd $9 million for participating in a price-fixing cartel in methionine together with Aventis SA. Aventis (formerly Rhone-Poulenc) was granted full immunity from fines because it revealed the cartel's existence to...
Tags: Aventis, cartel, commission, European Commission, SALES
Research articles 2002-07-01
Fchem price-fixing and cartel claims sour Nufarm.
Byline: Tracy Lee Aug 02, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Nufarm's outlook has worsened even more, due to cartel allegations involving a former subsidiary. The Australian Competition & Consumer Commission ACCC has taken legal action against Fchem. ...
Tags: Australian Competition and Consumer Commission, cartel
Research articles 2006-08-02
German cartel office probes chocolate price hikes: report
FRANKFURT AFP — Germany's Federal Cartel Office and prosecutors have raided the offices of seven confectionery groups including Kraft, Nestle, Mars and Ritter on suspicion of chocolate price fixing, a press report said Monday. Other companies received letters from the cartel office informing them that they were part of...
Tags: Agence France-Presse, Government, Nestle, Regulations, Strategy
Research articles 2008-02-11
The cartel that fell out of the driver's seat. (Organization of the Petroleum Exporting Countries)
The cartel that fell out of the driver's seat The cartel that fell out of the driver's seat
Tags: cartel, OPEC
Research articles 1989-02-04
Energy leaders expect global gas cartel not likely-for now
Natural gas has many of the elements that led OPEC to a strong enough world position that it could dictate oil prices, within a range. Industry experts have pondered the potential for a cartel that would have a similar impact on emerging world-linked gas markets. The answer to that question:...
Tags: cartel, leader, Rice University, Russia, Strategy
Research articles 2004-07-01
Amcor won cartel immunity by a day.
Byline: Matthew Drummond Mar 13, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Australian groups Visy and Amcor are cardboard box manufacturers. The Australian Competition & Consumer Commission ACCC has alleged they formed a cartel between 2000 and 2004 to protect their...
Tags: Australian Competition and Consumer Commission, immunity, MARKETING
Research articles 2007-03-13
Revised 'first-in' immunity policy for Cartel Conduct.
M2 PRESSWIRE-26 August 2005-ACCC: Revised 'first-in' immunity policy for Cartel ConductC1994-2005 M2 COMMUNICATIONS LTD RDATE:26082005 The revised 'first-in' Immunity Policy for Cartel Conduct has been issued by the Australian Competition and Consumer Commission. The new policy replaces the 2003...
Tags: Australian Competition and Consumer Commission, cartel, immunity, SALES
Research articles 2005-08-26
High Fees May Lead Gabon to Drop Out of OPEC Cartel
BRUSSELS, Belgium AP _ Gabon says its OPEC dues are too high and it may become the second oil producer in two years to rip up its membership card in the once-mighty cartel.
Tags: cartel, OPEC
Research articles 1995-01-10
What OPEC did next …: in the face of rising concern over conflict in Iraq and the troubles in Venezuela, what will the 10 member cartel pull out of the hat to calm the troubled oil market this time?
With the oil price remaining stubbornly above the $30 a barrel mark, oil cartel OPEC decided in January to increase its total production quota by 1.5m barrels a day (b/d). The OPEC ceiling was therefore increased from 23m b/d to 24.5m b/d with effect from 1 February 2003, with further...
Tags: OPEC
Research articles 2003-03-01
Information package raises awareness of cartel conduct.
M2 PRESSWIRE-4 July 2005-ACCC: Information package raises awareness of cartel conductC1994-2005 M2 COMMUNICATIONS LTD RDATE:04072005 An information package to raise awareness of the signs of possible cartel behaviour affecting government procurement was launched today by Australian Competition and Consumer Commission Chairman,...
Tags: Australian Competition and Consumer Commission, cartel, procurement
Research articles 2005-07-04