Review of Industrial Organization

, Volume 17, Issue 3, pp 325–341

Great School Milk Conspiracies Revisited

Authors

  • Frank A. ScottJr.
    • Department of EconomicsUniversity of Kentucky
Article

DOI: 10.1023/A:1007879516381

Cite this article as:
Scott, F.A. Review of Industrial Organization (2000) 17: 325. doi:10.1023/A:1007879516381

Abstract

This paper revisits a particular case involvingtwo dairy processing companies accused ofrigging bids in northern Kentucky schooldistricts during the 1980s. Evidence andarguments presented to support a conclusion ofovert collusion are reassessed. Analyses ofincumbency rates, market shares, bid levels, biddispersions, bid distance relationships, exactbidding differentials, and “bids from hell”indicate that the two dairies may have beenengaged in tacit collusion instead of overt collusion.

Bid riggingdairy industryprice fixingsealed-bid auctions

Copyright information

© Kluwer Academic Publishers 2000