decartelization
Breaking market dominance
Decartelization is the process of breaking up cartels—monopolistic business alliances that control markets and fix prices.
The term emerged from post-World War II Allied policy to dismantle German and Japanese industrial conglomerates that had supported the war effort: The decartelization of the Krupp steel empire took years to complete.
The concept applies more broadly to any effort to restore competition by dissolving collusive business arrangements.
Romantic relationship's termination
- dismantlingTaking apart systematically
- unbundlingSeparating combined offerings individually
- oligopolyFew firms dominate market
- market dominanceControl over a sector
conglomerate · monopolist · market concentration · dominant position · market power · barriers to entry · predatory pricing · duopoly
Dissolving illegal monopolies
- Clayton ActFederal antitrust statute
- Federal Trade CommissionAgency overseeing marketplace fairness
- antitrust suitLawsuit against monopolistic practices
- breakupRomantic relationship's termination
divestiture · enforcement · prosecution · litigation · price-fixing · bid-rigging · collusion · consent decree
Compelling compliance with rules
- regulationOfficial rules governing conduct
- oversightSupervision or inadvertent omission
- auditFormal accounts examination
- inspectionFormal assessment of condition
monitoring · transparency · accountability · corporate governance · internal controls · penalty · sanction · fine
Reducing state economic controls
- privatizationState sells public assets
- economic reformSystematic policy modernization
- industrial policyGovernment guidance of production
- market openingWhen trading commences
regulatory reform · European Commission · OECD guidelines · economic transition
breakup
Romantic relationship's termination
- dismantlingTaking apart systematically
- unbundlingSeparating combined offerings individually
- oligopolyFew firms dominate market
market dominance · conglomerate · monopolist · market concentration · dominant position · market power · barriers to entry · predatory pricing · duopoly · vertical integration
trust-busting
Dissolving illegal monopolies
- Clayton ActFederal antitrust statute
- Federal Trade CommissionAgency overseeing marketplace fairness
- antitrust suitLawsuit against monopolistic practices
breakup · divestiture · enforcement · prosecution · litigation · price-fixing · bid-rigging · collusion · consent decree · whistleblower
enforcement
Compelling compliance with rules
- regulationOfficial rules governing conduct
- oversightSupervision or inadvertent omission
- auditFormal accounts examination
inspection · monitoring · transparency · accountability · corporate governance · internal controls · penalty · sanction · fine · settlement
liberalization
Reducing state economic controls
- privatizationState sells public assets
- economic reformSystematic policy modernization
- industrial policyGovernment guidance of production
market opening · regulatory reform · European Commission · OECD guidelines · economic transition
decartelizationcartelization
Forming anti-competitive alliances
consolidation · monopolization · market concentration · vertical integration · conglomeration
decartelizationcollusion
Fraudulent secret cooperation
price-fixing · market rigging · restraint of trade · protectionism