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by notyourday 3112 days ago
My view of cartels matches non-academic reality. Here's one:

OPEC

here's a non-member ( which is basically a cartel by itself) fucking it for them:

US

Here's another cartel:

Siemens and Mitsubishi Heavy Industries

Here's a competitor: Hyundai Heavy Industries

When real world meets economic studies, economic studies get clobbered

1 comments

You wrote:

If there was there would be a competing cartel as it is the case everywhere.

Providing two examples of where there are competing cartels is not an argument that this phenomenon occurs everywhere (emphasis originally yours). Your logic is off.

name other cartels and i will provide their competitors