Great School Milk Conspiracies Revisited: Rejoinder |
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Authors: | Lanzillotti Robert F. |
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Affiliation: | (1) Department of Economics, University of Florida, Gainesville, Florida, 32611, U.S.A. |
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Abstract: | A re-examination and analysis ofdata in court records covering sealed-biddingpractices, market shares, incumbency rates, andprofit margins of two dairies charged with bid-riggingdisclose that Scott's analysis is flawed in severalimportant respects: reliance on selective bid data,omission of relevant bid data, and errors in reportedbids. Accordingly, Scott's hypothesis (that twodairies may have been engaged in tacit collusioninstead of overt collusion) was found to be basedlargely on conjectures, not hard data, and thus shouldbe rejected. |
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Keywords: | Bid-rigging collusion market sharing school milk contracts sealed bidding |
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