Definition of Cartel

Definition: Cartels are agreements between most or all of the major producers of a good to either limit their production and/or fix prices. Cartels are generally illegal in the United States.

Terms Related to Cartels

• Sunk Costs
• Oligopoly
• Market Failure

About.Com Resources on Cartels

• The Logic of Collective Action
• We Will Never Run Out of Oil
• Facebook: What do Economists Know?

Writing a Term Paper or High School / College Essay? Here are a few starting points for research on Cartels:

Books on Cartels

• The effects of competition: Cartel policy and the evolution of strategy and structure in British industry - George Symeonidis, MIT Press, 2002.
• Breaking the Oil Cartel - Irwin Stelzer, Hudson Institute, 2000.
• In the Beginning: The Story of the International Trade Cartel - Richard Kelly Hoskins, Virginia Publishing, 1995.
• Mercantile States and the World Oil Cartel, 1900-1939 (Cornell Studies in Political Economy) - Gregory P. Nowell, Cornell University Press, 1994.
• The Great Uranium Cartel - Earle Gray, McClelland and Stewart, 1992.
• The Oil Cartel Case : A Documentary Study of Antitrust Activity in the Cold War Era - Burton Ira Kaufman, Greenwood Press, 1978.

Journal Articles on Cartels

• The effects of competition: Cartel policy and the evolution of strategy and structure in British industry - George Symeonidis, MIT Press, 2002.
• Breaking the Oil Cartel - Irwin Stelzer, Hudson Institute, 2000.
• In the Beginning: The Story of the International Trade Cartel - Richard Kelly Hoskins, Virginia Publishing, 1995.
• Mercantile States and the World Oil Cartel, 1900-1939 (Cornell Studies in Political Economy) - Gregory P. Nowell, Cornell University Press, 1994.
• The Great Uranium Cartel - Earle Gray, McClelland and Stewart, 1992.
• The Oil Cartel Case : A Documentary Study of Antitrust Activity in the Cold War Era - Burton Ira Kaufman, Greenwood Press, 1978.