Harrington, Joseph E2023-05-222023-05-222006-01-012017-08-09https://repository.upenn.edu/handle/20.500.14332/5252This paper distills and organizes facts about cartels from about 20 European Commission decisions over 2000–2004. It describes the properties of a collusive outcome in terms of the setting of price and a market allocation, monitoring of agreements with respect to price but more importantly sales, punishment methods for enforcing an agreement and also the use of buy-backs to compensate cartel members, methods for responding to external disruptions from non-cartel sup- pliers and handling over-zealous sales representatives, and operational procedures in terms of the frequency of meetings and the cartel’s organizational structure.cartelsmicroeconomicsBusinessEconomicsPublic Affairs, Public Policy and Public AdministrationHow Do Cartels Operate?Article