Though valuable to study on their own, many questions and issues true of cartels are pertinent to the wider world of economics, as the rich selection of articles in this two-volume collection makes clear. The articles and chapters selected by Levenstein and Salant (both are at the U. of Michigan, Ann Arbor) cover the theory and historic background of cartels, the 'cartel problem', monitoring and enforcement, and insiders and outsiders, with each of these topics subdivided according to theoretical or empirical approaches. Volume Two contains 28 articles grouped into the main topics of heterogeneity, vertical restraints, natural resource cartels, contracting and communication issues, collusion and investment, and contemporary international cartels. The articles are reproduced in facsimile of their original publication in journals that include Journal of Law, economics and organization; Economic inquiry; International economic review; Antitrust law journal; and Review of industrial organization. The editors provide an introduction to the topic and their selection. Name index only. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
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Edited by Margaret C. Levenstein, Executive Director, Michigan Census Research Data Center, Associate Research Scientist, Institute for Social Research and Adjunct Associate Professor, Ross School of Business, University of Michigan, Ann Arbor, US and Stephen W. Salant, Professor of Economics, University of Michigan, Ann Arbor, US
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