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The Global Lysine Price-Fixing Conspiracy of 1992–1995

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  • John M. Connor

Abstract

Market structure and the corporate decision-making practices of several multinational corn refiners fostered implementation of the largest price-fixing conspiracies in modern times. These events have renewed the attention of U.S. antitrust authorities in prosecuting international cartels. Archer Daniels Midland (ADM) and its co-conspirators' direct overcharges to lysine buyers during 1992 through 1995 amounted to at least $70 million, and the total public penalties, private damages, and legal costs exceed $200 million. Price-fixing perpetrators now face monetary exposures five times the amount of the harm imposed on buyers.

Suggested Citation

  • John M. Connor, 1997. "The Global Lysine Price-Fixing Conspiracy of 1992–1995," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 19(2), pages 412-427.
    • Handle: RePEc:oup:revage:v:19:y:1997:i:2:p:412-427.
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    File URL: http://hdl.handle.net/10.2307/1349749
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    Cited by:

    1. Justus Haucap & Christina Heldman, 2023. "On the sociology of cartels," European Journal of Law and Economics, Springer, vol. 56(2), pages 289-323, October.
    2. Chen, Natalie & Imbs, Jean & Scott, Andrew, 2009. "The dynamics of trade and competition," Journal of International Economics, Elsevier, vol. 77(1), pages 50-62, February.
    3. Lawrence White, 2001. "Lysine and Price Fixing: How Long? How Severe?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 18(1), pages 23-31, February.
    4. Marshall, Robert C. & Marx, Leslie M. & Raiff, Matthew E., 2008. "Cartel price announcements: The vitamins industry," International Journal of Industrial Organization, Elsevier, vol. 26(3), pages 762-802, May.
    5. Baines, Joseph, 2014. "The Ethanol Boom and the Restructuring of the Food Regime," Working Papers on Capital as Power 2014/03, Capital As Power - Toward a New Cosmology of Capitalism.

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