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103-574: Although they call themselves a ' cartel ', the violent gang is a local cell created in April 2010 by Héctor Beltrán Leyva , leader of the Beltran Leyva Cartel. The gang is known for having employed a 12-year-old gunman and executioner. This article about an organization in Mexico is a stub . You can help Misplaced Pages by expanding it . This article about a criminal organization is

206-811: A defensive alliance with Germany in October 1879 and in May 1882. In October 1882 Italy joined this partnership in the Triple Alliance largely because of Italy's imperial rivalries with France. Tensions between Russia and Austria–Hungary remained high, so Bismarck replaced the League of the Three Emperors with the Reinsurance Treaty with Russia to keep the Habsburgs from recklessly starting

309-663: A monopoly is not considered a cartel but can be sanctioned through other abuses of its monopoly. Prior to World War II, members of cartels could sign contracts that were enforceable in courts of law except in the United States. Before 1945, cartels were tolerated in Europe and specifically promoted as a business practice in German-speaking countries. In U.S. v. National Lead Co. et al. , the Supreme Court of

412-530: A stub . You can help Misplaced Pages by expanding it . Cartel A cartel is a group of independent market participants who collude with each other as well as agreeing not to compete with each other in order to improve their profits and dominate the market. A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling , and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to

515-413: A behavioural approach is often used to identify behavioural collusive patterns, to initiate further economic analysis into identifying and prosecuting those involved in the operations. For example, studies have shown that industries are more likely to experience collusion where there are fewer firms, products are homogeneous and there is a stable demand. Leniency programmes were first introduced in 1978 in

618-528: A common holding of Cisleithania and Transleithania under the control of the Imperial & Royal finance ministry rather than attaching it to either territorial government. The annexation in 1908 led some in Vienna to contemplate combining Bosnia and Herzegovina with Croatia to form a third Slavic component of the monarchy. The deaths of Franz Joseph's brother, Maximilian (1867), and his only son, Rudolf , made

721-587: A greater than expected loss of men in the invasion of Serbia. Furthermore, it became evident that the Austrian high command had had no plans for possible continental war and that the army and navy were also ill-equipped to handle such a conflict. In the last two years of the war the Austro-Hungarian armed forces lost all ability to act independently of Germany. As of 7 September 1916, the German emperor

824-416: A high casualty rate, and by the army's composition of multiple ethnicities with different languages and customs. By 1918, the economic situation had deteriorated and governmental failure on the homefront ended popular support for the war. The Austro-Hungarian monarchy collapsed with dramatic speed in the autumn of 1918. Leftist and pacifist political movements organized strikes in factories, and uprisings in

927-606: A large South Slav state in the 1917 Corfu Declaration signed by members of the Yugoslav Committee . The Croatians had begun disregarding orders from Budapest earlier in October. Lansing's response was, in effect, the death certificate of Austria–Hungary. During the Italian battles, the Czechoslovaks and Southern Slavs declared their independence. With defeat in the war imminent after the Italian offensive in

1030-419: A leniency program: The application of leniency programme penalties varies according to individual countries policies and are proportional to cartel profits and years of infringement. However, typically the first corporation or individual to cooperate will receive the most reduced penalty in comparison to those who come forward later. The effectiveness of leniency programmes in destabilising and deterring cartels

1133-675: A predominantly Muslim special militia known as the Schutzkorps was established and carried out the persecution of Serbs. Some members of the government, such as Minister of Foreign Affairs Count Leopold Berchtold and Army Commander Count Franz Conrad von Hötzendorf , had wanted to confront the resurgent Serbian nation for some years in a preventive war, but the Emperor and Hungarian prime minister István Tisza were opposed. The foreign ministry of Austro-Hungarian Empire sent ambassador László Szőgyény to Potsdam , where he inquired about

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1236-471: A share in the management of their own affairs by means of a local representative assembly. In performance of this promise a constitution was promulgated in 1910. The principal players in the Bosnian Crisis of 1908-09 were the foreign ministers of Austria and Russia, Alois Lexa von Aehrenthal and Alexander Izvolsky . Both were motivated by political ambition; the first would emerge successful, and

1339-688: A small north-western portion of the former kingdom's territory. Eventually, following the Treaty of Passarowitz in 1718, all former territories of the Hungarian kingdom were ceded from the Ottomans to the Habsburgs. In the revolutions of 1848 , the Kingdom of Hungary called for greater self-government and later even independence from the Austrian Empire . The ensuing Hungarian Revolution of 1848

1442-588: A total force of 450,000 men. However, in the autumn of 1915, the Serbian Army was defeated by the Central Powers, which led to the occupation of Serbia. Near the end of 1915, in a massive rescue operation involving more than 1,000 trips made by Italian, French and British steamers, 260,000 Serb surviving soldiers were transported to Brindisi and Corfu , where they waited for the chance of the victory of Allied Powers to reclaim their country. Corfu hosted

1545-435: A transition phase in which prices tend to rise, and end with a stationary phase in which price variance remains low. Indicators such as price changes alongside import rates, market concentration, time period of permanent price changes and stability of companies' market shares are used as economic markers to help supplement the search for cartel behaviour. On the contrary, when aiming to create suspicion around potential cartels,

1648-630: A war over Pan-Slavism. The Sandžak-Raška / Novibazar region was under Austro-Hungarian occupation between 1878 and 1909, when it was returned to the Ottoman Empire, before being ultimately divided between kingdoms of Montenegro and Serbia . On the heels of the Great Balkan Crisis, Austro-Hungarian forces occupied Bosnia and Herzegovina in August 1878 and the monarchy eventually annexed Bosnia and Herzegovina in October 1908 as

1751-586: A worldwide cartel ban, where cartels continue to be obstructed in an increasing number of countries and circumstances. Cartels have many structures and functions that ideally enable corporations to navigate and control market uncertainties and gain collusive profits within their industry. A typical cartel often requires what competition authorities refer to as a CAU (Contact, Agreement or Understanding). Typologies have emerged to distinguish distinct forms of cartels: A survey of hundreds of published economic studies and legal decisions of antitrust authorities found that

1854-519: Is cartel theory . Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers . The word cartel comes from the Italian word cartello , which means a "leaf of paper" or "placard", and is itself derived from the Latin charta meaning "card". The Italian word became cartel in Middle French , which was borrowed into English. In English,

1957-405: Is an incentive for members to cheat by selling at below the cartel's agreed price or selling more than the cartel's production quotas. Many cartels that attempt to set product prices are unsuccessful in the long term because of cheating punishment mechanisms such as price wars or financial punishment. An empirical study of 20th-century cartels determined that the mean duration of discovered cartels

2060-462: Is evidenced by the decreased formation and discovery of cartels in the US since the introduction of the programmes in 1993. Some prosecuted examples include: Today, price fixing by private entities is illegal under the antitrust laws of more than 140 countries. The commodities of prosecuted international cartels include lysine , citric acid , graphite electrodes, and bulk vitamins . In many countries,

2163-410: Is from 5 to 8 years and overcharged by approximately 32%. This distribution was found to be bimodal, with many cartels breaking up quickly (less than a year), many others lasting between five and ten years, and still some that lasted decades. Within the industries that have operating cartels, the median number of cartel members is 8. Once a cartel is broken, the incentives to form a new cartel return, and

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2266-666: The Alaun cartel of 1470 between the Papal State and Naples. Both unions had common sales organizations for overall production called the Societas Communis Vendicionis ('Common Sales Society'). Laissez-faire (liberal) economic conditions dominated Europe and North America in the 18th and 19th centuries. Around 1870, cartels first appeared in industries formerly under free-market conditions. Although cartels existed in all economically developed countries,

2369-674: The Austro-Hungarian Empire, the Dual Monarchy or the Habsburg Monarchy , was a multi-national constitutional monarchy in Central Europe between 1867 and 1918. A military and diplomatic alliance, it consisted of two sovereign states with a single monarch who was titled both Emperor of Austria and King of Hungary . Austria-Hungary constituted the last phase in the constitutional evolution of

2472-701: The Austro-Prussian War of 1866 led to the dissolution of the German Confederation (of which the Habsburg emperor was the hereditary president) and the exclusion of Austria from German affairs. These twin defeats gave the Hungarians the opportunity to remove the shackles of absolutist rule. Realizing the need to compromise with Hungary in order to retain its great power status, the central government in Vienna began negotiations with

2575-615: The Bolshevik Revolution and Russians ended their involvement in the war , Germans and Austrians were able to move on the Western and Southern fronts much manpower from the erstwhile Eastern fighting. On 24 October 1917, Austrians (now enjoying decisive German support) attacked at Caporetto using new infiltration tactics; although they advanced more than 100 km (62.14 mi) in the direction of Venice and gained considerable supplies, they were halted and could not cross

2678-649: The Central Powers in World War I , which began with an Austro-Hungarian war declaration on the Kingdom of Serbia on 28 July 1914. It was already effectively dissolved by the time the military authorities signed the armistice of Villa Giusti on 3 November 1918. The Kingdom of Hungary and the First Austrian Republic were treated as its successors de jure , whereas the independence of

2781-749: The First Czechoslovak Republic , the Second Polish Republic , and the Kingdom of Yugoslavia , respectively, and most of the territorial demands of the Kingdom of Romania and the Kingdom of Italy were also recognized by the victorious powers in 1920. The realm's official name was in German : Österreichisch-Ungarische Monarchie and in Hungarian : Osztrák–Magyar Monarchia (English: Austro-Hungarian Monarchy ), though in international relations Austria–Hungary

2884-628: The Habsburg monarchy : it was formed with the Austro-Hungarian Compromise of 1867 in the aftermath of the Austro-Prussian War and was dissolved shortly after Hungary terminated the union with Austria on 31 October 1918. One of Europe's major powers at the time, Austria-Hungary was geographically the second-largest country in Europe and the third-most populous (after Russia and the German Empire ), while being among

2987-666: The Isonzo river, hoping to seize Ljubljana, and to eventually threaten Vienna. However, the Royal Italian Army were halted on the river, where four battles took place over five months (23 June – 2 December 1915). The fight was extremely bloody and exhausting for both the contenders. On 15 May 1916, the Austrian Chief of Staff Conrad von Hötzendorf launched the Strafexpedition (" punitive expedition "):

3090-524: The Piave river. Italy, although suffering massive casualties, recovered from the blow, and a coalition government under Vittorio Emanuele Orlando was formed. Italy also enjoyed support by the Entente powers: by 1918, large amounts of war materials and a few auxiliary American, British, and French divisions arrived in the Italian battle zone. Cadorna was replaced by General Armando Diaz ; under his command,

3193-515: The Treaty of San Stefano tried to create a large pro-Russian Bulgaria. This treaty sparked an international uproar that almost resulted in a general European war. Austria–Hungary and Britain feared that a large Bulgaria would become a Russian satellite that would enable the tsar to dominate the Balkans. British prime minister Benjamin Disraeli moved warships into position against Russia to halt

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3296-538: The war with Russia . Following the Armistice of 11 November 1918 ending the World War I, in spite of the previous initial total dependence of the kingdom on its sponsors, it ultimately served against their intentions as the cornerstone proto state of the nascent Second Polish Republic , the latter composed also of territories never intended by the Central Powers to be ceded to Poland. The Battle of Zborov (1917)

3399-511: The " German question " in favor of a Lesser German Solution . Count Friedrich Ferdinand von Beust , who was the foreign minister from 1866 to 1871, hated the Prussian chancellor, Otto von Bismarck , who had repeatedly outmaneuvered him. Beust looked to France for avenging Austria's defeat and attempted to negotiate with Emperor Napoleon III of France and Italy for an anti-Prussian alliance, but no terms could be reached. The decisive victory of

3502-554: The 1800s from the German Kartell , which also has its origins in the French cartel . It was first used between German railway companies in 1846 to describe tariff- and technical standardization efforts. The first time the word was referred to describe a kind of restriction of competition was by the Austro-Hungarian political scientist Lorenz von Stein , who wrote on tariff cartels: There's no more one-sided perspective than

3605-506: The 1930s, authoritarian regimes such as Nazi Germany , Italy under Mussolini , and Spain under Franco used cartels to organize their corporatist economies . Between the late 19th century and around 1945, the United States was ambivalent about cartels and trusts. There were periods of both opposition to market concentration and relative tolerance of cartels. During World War II , the United States strictly turned away from cartels. After 1945, American-promoted market liberalism led to

3708-650: The Allies and Germany . The Austro-Hungarian Empire conscripted 7.8 million soldiers during WWI. General von Hötzendorf was the Chief of the Austro-Hungarian General Staff. Franz Joseph I, who was much too old to command the army, appointed Archduke Friedrich von Österreich-Teschen as Supreme Army Commander (Armeeoberkommandant), but asked him to give Von Hötzendorf freedom to take any decisions. Von Hötzendorf remained in effective command of

3811-661: The Allies, but his initiatives were vetoed by Italy. The heavily rural Empire did have a small industrial base, but its major contribution was manpower and food. Nevertheless, Austria–Hungary was more urbanized (25%) than its actual opponents in the First World War, like the Russian Empire (13.4%), Serbia (13.2%) or Romania (18.8%). Furthermore, the Austro-Hungarian Empire had also more industrialized economy and higher GDP per capita than

3914-456: The Allies, whereby the entire war could be ended by compromise, or perhaps Austria would make a separate peace from Germany. The main effort was vetoed by Italy, which had been promised large slices of Austria for joining the Allies in 1915. Austria was only willing to turn over the Trentino region but nothing more. Karl was seen as a defeatist, which weakened his standing at home and with both

4017-616: The Austrians broke through the opposing front and occupied the Asiago plateau . The Italians managed to resist and in a counteroffensive seized Gorizia on 9 August. Nonetheless, they had to stop on the Carso , a few kilometres away from the border. At this point, several months of indecisive trench warfare ensued (analogous to the Western front ). As the Russian Empire collapsed as a result of

4120-677: The Austro-Hungarian Army, under a unified command with the Germans, participated in the successful Gorlice–Tarnów Offensive. From June 1916, the Russians focused their attacks on the Austro-Hungarian army in the Brusilov Offensive , recognizing the numerical inferiority of the Austro-Hungarian army. By the end of September 1916, Austria–Hungary mobilized and concentrated new divisions, and the successful Russian advance

4223-460: The Balkan rebels and so pressured the tsar's government to declare war on the Ottoman Empire in 1877 in the name of protecting Orthodox Christians. Unable to mediate between the Ottoman Empire and Russia over the control of Serbia, Austria–Hungary declared neutrality when the conflict between the two powers escalated into a war . With help from Romania and Greece, Russia defeated the Ottomans and with

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4326-699: The Battle of Vittorio Veneto on 24 October, Czech politicians peacefully took over command in Prague on 28 October (later declared the birth of Czechoslovakia) and followed up in other major cities in the next few days. On 30 October, the Slovaks did the same. On 29 October, the Slavs in both portions of what remained of Austria–Hungary proclaimed the State of Slovenes, Croats and Serbs and declared that their ultimate intention

4429-628: The Bulgarians, who turned instead to Russia and Serbia. Although Austria had no intention to embark on additional expansion to the south, Aehrenthal encouraged speculation to that effect, expecting that it would paralyze the Balkan states. Instead, it incited them to feverish activity to create a defensive block to stop Austria. A series of grave miscalculations at the highest level thus significantly strengthened Austria's enemies. In 1914, Slavic militants in Bosnia rejected Austria's plan to fully absorb

4532-535: The Central Powers formed by the Austro-Hungarian, German, Bulgarian, and Ottoman armies, had defeated the Romanian and Russian armies of the Entente Powers, and occupied the southern part of Romania (including Oltenia , Muntenia and Dobruja ). Within three months of the war, the Central Powers came near Bucharest, the Romanian capital city. On 6 December, the Central Powers captured Bucharest , and part of

4635-402: The Congress of Berlin in 1878 Gyula Andrássy (Minister of Foreign Affairs) managed to force Russia to retreat from further demands in the Balkans. As a result, Greater Bulgaria was broken up and Serbian independence was guaranteed. In that year, with Britain's support, Austria–Hungary stationed troops in Bosnia to prevent the Russians from expanding into nearby Serbia. In another measure to keep

4738-409: The Emperor's formal coronation as King of Hungary on 8 June had to have taken place in order for the laws to be enacted within the lands of the Holy Crown of Hungary . On 28 July, Franz Joseph, in his new capacity as King of Hungary, approved and promulgated the new laws, which officially gave birth to the Dual Monarchy. The Austro-Prussian War was ended by the Peace of Prague (1866) which settled

4841-402: The Emperor's nephew, Franz Ferdinand , heir to the throne. The Archduke was rumoured to have been an advocate for this trialism as a means to limit the power of the Hungarian aristocracy. A proclamation issued on the occasion of its annexation to the Habsburg monarchy in October 1908 promised these lands constitutional institutions, which should secure to their inhabitants full civil rights and

4944-412: The Emperors Wilhelm II of Germany and Franz Joseph of Austria-Hungary. This act promised the creation of the Kingdom of Poland out of territory of Congress Poland , envisioned by its authors as a puppet state controlled by the Central Powers , with the nominal authority vested in the Regency Council . The origin of that document was the dire need to draft new recruits from German-occupied Poland for

5047-428: The Hungarian political leaders, led by Ferenc Deák . The Hungarians maintained that the April Laws were still valid, but conceded that under the Pragmatic Sanction of 1713 , foreign affairs and defence were "common" to Austria and Hungary. On 20 March 1867, the newly re-established Hungarian parliament at Pest started to negotiate the new laws to be accepted on 30 March. However, Hungarian leaders received word that

5150-493: The Italians retook the initiative and won the decisive Battle of the Piave river (15–23 June 1918), in which some 60,000 Austrian and 43,000 Italian soldiers were killed. The final battle at Vittorio Veneto was lost by 31 October 1918 and the armistice was signed at Villa Giusti on 3 November. On 27 August 1916, Romania declared war against Austria–Hungary. The Romanian Army crossed the borders of Eastern Hungary (Transylvania), and despite initial successes, by November 1916,

5253-435: The Kingdom of Hungary comprised only 42% of the population of Austria–Hungary, the thin majority – more than 3.8 million soldiers – of the Austro-Hungarian armed forces were conscripted from the Kingdom of Hungary during the First World War. Roughly 600,000 soldiers were killed in action, and 700,000 soldiers were wounded in the war. Austria–Hungary held on for years, as the Hungarian half provided sufficient supplies for

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5356-402: The Kingdom of Italy, which was economically the far most developed actual opponent of the Empire. On the home front, food grew scarcer and scarcer, as did heating fuel. Hungary, with its heavy agricultural base, was somewhat better fed. The Army conquered productive agricultural areas in Romania and elsewhere, but refused to allow food shipments to civilians back home. Morale fell every year, and

5459-417: The Ottomans. The Congress of Berlin in 1878 let Austria occupy (but not annex) the province of Bosnia and Herzegovina, a predominantly Slavic area. Austria occupied Bosnia and Herzegovina as a way of gaining power in the Balkans. Serbia, Montenegro and Romania became fully independent. Nonetheless, the Balkans remained a site of political unrest with teeming ambition for independence and great power rivalries. At

5562-466: The Prusso-German armies in the Franco-Prussian war and the subsequent founding of the German Empire ended all hope of re-establishing Austrian influence in Germany, and Beust retired. After being forced out of Germany and Italy, the Dual Monarchy turned to the Balkans, which were in tumult as nationalistic movements were gaining strength and demanding independence. Both Russia and Austria–Hungary saw an opportunity to expand in this region. Russia took on

5665-501: The Russians out of the Balkans, Austria–Hungary formed an alliance, the Mediterranean Entente, with Britain and Italy in 1887 and concluded mutual defence pacts with Germany in 1879 and Romania in 1883 against a possible Russian attack. Following the Congress of Berlin the European powers attempted to guarantee stability through a complex series of alliances and treaties. Anxious about Balkan instability and Russian aggression, and to counter French interests in Europe, Austria–Hungary forged

5768-407: The Serbian government in exile after the collapse of Serbia and served as a supply base to the Greek front. In April 1916 a large number of Serbian troops were transported in British and French naval vessels from Corfu to mainland Greece. The contingent numbering over 120,000 relieved a much smaller army at the Macedonian front and fought alongside British and French troops. On the Eastern front ,

5871-456: The US, before being successfully reformed in 1993. The underlying principle of a leniency program is to offer discretionary penalty reductions for corporations or individuals who are affiliated with cartel operations, in exchange for their cooperation with enforcement authorities in helping to identify and penalise other participating members. According to the Australian Department of Justice, the following 6 conditions must be met for admission into

5974-400: The United States noted the testimony of individuals who cited that a cartel, in its versatile form, is a combination of producers for the purpose of regulating production and, frequently, prices, and an association by agreement of companies or sections of companies having common interests so as to prevent extreme or unfair competition. The first legislation against cartels to be enforced

6077-430: The advance of Russian influence in the eastern Mediterranean so close to Britain's route through the Suez Canal . The Treaty of San Stefano was seen in Austria as much too favourable for Russia and its Orthodox-Slavic goals. The Congress of Berlin rolled back the Russian victory by partitioning the large Bulgarian state that Russia had carved out of Ottoman territory and denying any part of Bulgaria full independence from

6180-555: The area; they assassinated the Austrian heir and precipitated World War I. The 28 June 1914 assassination of Archduke Franz Ferdinand in the Bosnian capital, Sarajevo , excessively intensified the existing traditional religion-based ethnic hostilities in Bosnia. However, in Sarajevo itself, Austrian authorities encouraged violence against the Serb residents, which resulted in the Anti-Serb riots of Sarajevo , in which Catholic Croats and Bosnian Muslims killed two and damaged numerous Serb-owned buildings. Writer Ivo Andrić referred to

6283-405: The army had become commonplace. As the war went on, the ethnic unity declined; the Allies encouraged breakaway demands from minorities and the Empire faced disintegration. With apparent Allied victory approaching, nationalist movements seized ethnic resentment to erode social unity. The military breakdown of the Italian front marked the start of the rebellion for the numerous ethnicities who made up

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6386-504: The cartel may be re-formed. Publicly known cartels that do not follow this business cycle include, by some accounts, OPEC. Cartels often practice price fixing internationally. When the agreement to control prices is sanctioned by a multilateral treaty or protected by national sovereignty, no antitrust actions may be initiated. OPEC countries partially control the price of oil . Drawing upon research on organizational misconduct, scholars in economics, sociology and management have studied

6489-419: The core area of cartel activities was in central Europe. The German Empire and Austria-Hungary were nicknamed the "lands of the cartels". Cartels were also widespread in the United States during the period of robber barons and industrial trusts . The creation of cartels increased globally after World War I . They became the leading form of market organization , particularly in Europe and Japan. In

6592-478: The culpability of unaware distributors.” The scientific analysis of cartels is based on cartel theory . It was pioneered in 1883 by the Austrian economist Friedrich Kleinwächter and in its early stages was developed mainly by German-speaking scholars. These scholars tended to regard cartels as an acceptable part of the economy. At the same time, American lawyers increasingly turned against trade restrictions , including all cartels. The Sherman act , which impeded

6695-437: The diverse nationalities gave up on the Empire and looked for ways to establish their own nation states. Inflation soared, from an index of 129 in 1914 to 1589 in 1918, wiping out the cash savings of the middle-class. In terms of war damage to the economy, the war used up about 20 percent of the GDP. The dead soldiers amounted to about four percent of the 1914 labor force, and the wounded ones to another six percent. Compared all

6798-457: The empire into a federal union to give ethnic groups decentralization and representation. However, on 18 October, United States Secretary of State Robert Lansing replied that autonomy for the nationalities – the tenth of the Fourteen Points – was no longer enough. In fact, a Czechoslovak provisional government had joined the Allies on 14 October. The South Slavs in both halves of the monarchy had already declared in favor of uniting with Serbia in

6901-530: The formation and activities of cartels, was passed in the United States in 1890. The American viewpoint, supported by activists like Thurman Arnold and Harley M. Kilgore , eventually prevailed when governmental policy in Washington could have a larger impact in World War II. Because cartels are likely to have an impact on market positions, they are subjected to competition law , which is executed by governmental competition regulators . Very similar regulations apply to corporate mergers . A single entity that holds

7004-416: The former Austrian Empire , and Transleithania (Kingdom of Hungary) . Following the 1867 reforms, the Austrian and Hungarian states were co-equal in power. The two countries conducted unified diplomatic and defence policies. For these purposes, "common" ministries of foreign affairs and defence were maintained under the monarch's direct authority, as was a third finance ministry responsible only for financing

7107-432: The integrity of the monarchy because of Austro-Hungarian support for Germany. The setbacks that the Austrian army suffered in 1914 and 1915 can be attributed to a large extent by the incompetence of the Austrian high command. After attacking Serbia, its forces soon had to be withdrawn to protect its eastern frontier against Russia's invasion, while German units were engaged in fighting on the Western Front. This resulted in

7210-494: The latter would be broken by the crisis. Along the way, they would drag Europe to the brink of war in 1909. They would also divide Europe into the two armed camps that would go to war in July 1914. Aehrenthal had started with the assumption that the Slavic minorities could never come together, and the Balkan League would never cause any damage to Austria. He turned down an Ottoman proposal for an alliance that would include Austria, Turkey, and Romania. However, his policies alienated

7313-418: The major countries in the war, the death and casualty rate was toward the high-end regarding the present-day territory of Austria. By summer 1918, " Green Cadres " of army deserters formed armed bands in the hills of Croatia-Slavonia and civil authority disintegrated. By late October violence and massive looting erupted and there were efforts to form peasant republics. However, the Croatian political leadership

7416-415: The median price increase achieved by cartels in the last 200 years is about 23 percent. Private international cartels (those with participants from two or more nations) had an average price increase of 28 percent, whereas domestic cartels averaged 18 percent. Less than 10 percent of all cartels in the sample failed to raise market prices. In general, cartel agreements are economically unstable in that there

7519-501: The military forces until Emperor Karl I took the supreme command himself in late 1916 and dismissed Conrad von Hötzendorf in 1917. Meanwhile, economic conditions on the homefront deteriorated rapidly. The Empire depended on agriculture, and agriculture depended on the heavy labor of millions of men who were now in the Army. Food production fell, the transportation system became overcrowded, and industrial production could not successfully handle

7622-460: The military to continue to wage war. This was shown in a transition of power after which the Hungarian prime minister, Count István Tisza, and foreign minister, Count István Burián , had decisive influence over the internal and external affairs of the monarchy. By late 1916, food supply from Hungary became intermittent and the government sought an armistice with the Entente powers. However, this failed as Britain and France no longer had any regard for

7725-434: The multiethnic Empire, as they refused to keep on fighting for a cause that now appeared senseless. The Emperor had lost much of his power to rule, as his realm disintegrated. On 14 October 1918, Foreign Minister Baron István Burián von Rajecz asked for an armistice based on President Woodrow Wilson 's Fourteen Points and two days later Emperor Karl I issued a proclamation ("Imperial Manifesto of 16 October 1918") altering

7828-555: The one saying that such rate-cartels are "monopoly cartels" or cartels for the "exploitation of carriers". Cartels have existed since ancient times. Guilds in the European Middle Ages , associations of craftsmen or merchants of the same trade, have been regarded as cartel-like. Tightly organized sales cartels existed in the mining industry of the late Middle Ages, like the 1301 salt syndicate in France and Naples , or

7931-417: The organization of cartels. They have paid attention to the way cartel participants work together to conceal their activities from antitrust authorities. Even more than reaching efficiency, participating firms need to ensure that their collective secret is maintained. “However, the orchestrator, often the vendor with all information, typically remains unnoticed by antitrust authorities, raising questions about

8034-486: The overwhelming need for munitions. Germany provided a great deal of help, but it was not enough. Furthermore, the political instability of the multiple ethnic groups of Empire now ripped apart any hope for national consensus in support of the war. Increasingly there was a demand for breaking up the Empire and setting up autonomous national states based on historic language-based cultures. The new Emperor sought peace terms from

8137-602: The population moved to the unoccupied Romanian territory, in Moldavia , together with the Romanian government, royal court and public authorities, which relocated to Iași . In 1917, after several defensive victories (managing to stop the German-Austro-Hungarian advance), with Russia's withdrawal from the war following the October Revolution, Romania was forced to drop out of the war. Although

8240-540: The predominant belief is that cartels are contrary to free and fair competition, considered the backbone of political democracy. Maintaining cartels continues to become harder for cartels. Even if international cartels cannot be regulated as a whole by individual nations, their individual activities in domestic markets are affected. Unlike other cartels, export cartels are legal in virtually all jurisdictions, despite their harmful effects on affected markets. Austria-Hungary Austria-Hungary , also referred to as

8343-476: The role of protector of Slavs and Orthodox Christians. Austria envisioned a multi-ethnic, religiously diverse empire under Vienna's control. Count Gyula Andrássy, a Hungarian who was Foreign Minister (1871–1879), made the centerpiece of his policy one of opposition to Russian expansion in the Balkans and blocking Serbian ambitions to dominate a new South Slav federation. He wanted Germany to ally with Austria, not Russia. Russian Pan-Slavic organizations sent aid to

8446-500: The side of the Entente powers , hoping to gain territory from its former ally. The Austro-Hungarian Empire played a relatively passive diplomatic role in the war, as it was increasingly dominated and controlled by Germany. The only goal was to punish Serbia and try to stop the ethnic breakup of the Empire, and it completely failed. Starting in late 1916 the new Emperor Karl removed the pro-German officials and opened peace overtures to

8549-593: The standpoint of the German Emperor on 5 July and received a supportive response. His Majesty authorized me to report to [Franz Joseph] that in this case, too, we could count on Germany's full support. As mentioned, he first had to consult with the Chancellor, but he did not have the slightest doubt that Herr von Bethmann Hollweg would fully agree with him, particularly with regard to action on our part against Serbia. In his [Wilhelm's] opinion, though, there

8652-560: The temptation to defect and falling prices for all members. Additionally, advancements in technology or the emergence of substitutes may undermine cartel pricing power, leading to the breakdown of the cooperation needed to sustain the cartel. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing , bid rigging, and reductions in output. The doctrine in economics that analyzes cartels

8755-488: The ten most populous countries worldwide. The Empire built up the fourth-largest machine-building industry in the world. With the exception of the territory of the Bosnian Condominium , the Empire of Austria and the Kingdom of Hungary were separate sovereign countries in international law. At its core was the dual monarchy , which was a real union between Cisleithania , the northern and western parts of

8858-418: The trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $ 100 million if a corporation, or, if any other person, $ 1 million, or by imprisonment not exceeding ten years, or by both said punishments, in the discretion of the court. In practice, detecting and desisting cartels is undertaken through

8961-530: The two "common" portfolios. A third component of the union was the Kingdom of Croatia-Slavonia , an autonomous region under the Hungarian crown, which negotiated the Croatian–Hungarian Settlement in 1868. After 1878, Bosnia and Herzegovina came under Austro-Hungarian joint military and civilian rule until it was fully annexed in 1908, provoking the Bosnian crisis . Austria-Hungary was one of

9064-441: The urgent counsel of his top advisers. Over the course of July and August 1914, these events caused the start of World War I, as Russia mobilized in support of Serbia, setting off a series of counter-mobilizations. In support of his German ally, on Thursday, 6 August 1914, Emperor Franz Joseph signed the declaration of war on Russia. Italy initially remained neutral, despite its alliance with Austria–Hungary. In 1915, it switched to

9167-414: The use of economic analysis and leniency programmes. Economic analysis is implemented to identify any discrepancies in market behaviour between both suspected and unsuspected cartel engaged firms. A structural approach is done in the form of screening already suspicious firms for industry traits of a typical cartel price path. A typical path often includes a formation phase in which prices decline, followed by

9270-489: The violence as the "Sarajevo frenzy of hate." Violent actions against ethnic Serbs were organized not only in Sarajevo but also in many other larger Austro-Hungarian cities in modern-day Croatia and Bosnia and Herzegovina. Austro-Hungarian authorities in Bosnia and Herzegovina imprisoned and extradited approximately 5,500 prominent Serbs, 700 to 2,200 of whom died in prison. Four hundred sixty Serbs were sentenced to death and

9373-654: The war started out equally poorly. The government accepted the Polish proposal of establishing the Supreme National Committee as the Polish central authority within the Empire, responsible for the formation of the Polish Legions , an auxiliary military formation within the Austro-Hungarian army. The Austro-Hungarian Army was defeated at the Battle of Lemberg and the great fortress city of Przemyśl

9476-467: The word was originally used for a written agreement between warring nations to regulate the treatment and exchange of prisoners from the 1690s onward. From 1899 onwards, the usage of the word became generalized as to mean any intergovernmental agreement between rival nations. The use of the English word cartel to describe an economic group rather than international agreements was derived much later in

9579-771: Was The Kingdoms and Lands Represented in the Imperial Council and the Lands of the Holy Hungarian Crown of St. Stephen . From 1867 onwards, the abbreviations heading the names of official institutions in Austria–Hungary reflected their responsibility: Following a decision of Franz Joseph I in 1868, the realm bore the official name Austro-Hungarian Monarchy/Realm ( German : Österreichisch-Ungarische Monarchie/Reich ; Hungarian : Osztrák–Magyar Monarchia/Birodalom ) in its international relations. It

9682-594: Was besieged and fell in March 1915. The Gorlice–Tarnów Offensive started as a minor German offensive to relieve the pressure of the Russian numerical superiority on the Austro-Hungarians, but the cooperation of the Central Powers resulted in huge Russian losses and the total collapse of the Russian lines and their 100 km (62 mi) long retreat into Russia. The Russian Third Army perished. In summer 1915,

9785-571: Was crushed by the Austrian military with Russian military assistance, and the level of autonomy that the Hungarian state had enjoyed was replaced with absolutist rule from Vienna. This further increased Hungarian resentment of the Habsburg dominion. In the 1860s, the Empire faced two severe defeats: its loss in the Second Italian War of Independence broke its dominion over a large part of Northern Italy ( Lombardy, Veneto , Modena, Reggio , Tuscany , Parma and Piacenza ) while defeat in

9888-450: Was focused on creating a new state (Yugoslavia) and worked with the advancing Serbian army to impose control and end the uprisings. At the start of the war, the army was divided into two: the smaller part attacked Serbia while the larger part fought against the formidable Imperial Russian Army . The invasion of Serbia in 1914 was a disaster: by the end of the year, the Austro-Hungarian Army had taken no territory, but had lost 227,000 out of

9991-493: Was given full control of all the armed forces of the Central Powers and Austria-Hungary effectively became a satellite of Germany. The Austrians viewed the German army favorably; on the other hand, by 1916 the general belief in Germany was that Germany, in its alliance with Austria–Hungary, was "shackled to a corpse". The operational capability of the Austro-Hungarian army was seriously affected by supply shortages, low morale and

10094-451: Was halted and slowly repelled; but the Austrian armies took heavy losses (about 1 million men) and never recovered. Nevertheless, the huge losses in men and material inflicted on the Russians during the offensive contributed greatly to the revolutions of 1917 , and it caused an economic crash in the Russian Empire. The Act of 5 November 1916 was proclaimed then to the Poles jointly by

10197-526: Was no need to wait patiently before taking action... The leaders of Austria–Hungary therefore decided to confront Serbia militarily before it could incite a revolt; using the assassination as an excuse, they presented a list of ten demands called the July Ultimatum , expecting Serbia would never accept. When Serbia accepted nine of the ten demands but only partially accepted the remaining one, Austria–Hungary declared war. Franz Joseph I finally followed

10300-466: Was often contracted to the "Dual Monarchy" in English or simply referred to as Austria . Timeline Following Hungary's defeat against the Ottoman Empire in the Battle of Mohács of 1526, the Habsburg Empire became more involved in the Kingdom of Hungary, and subsequently assumed the Hungarian throne. However, as the Ottomans expanded further into Hungary, the Habsburgs came to control only

10403-677: Was the Sherman Act 1890 , which also prohibits price fixing, market-sharing, output restrictions and other anti-competitive conduct. Section 1 and 2 of the Act outlines the law in regards to cartels, Section 1: Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal. Section 2: Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of

10506-585: Was the first significant action of the Czechoslovak Legions , who fought for the independence of Czechoslovakia against the Austro-Hungarian army. In May 1915, Italy attacked Austria–Hungary. Italy was the only military opponent of Austria–Hungary which had a similar degree of industrialization and economic level; moreover, her army was numerous (≈1,000,000 men were immediately fielded), but suffered from poor leadership, training and organization. Chief of Staff Luigi Cadorna marched his army towards

10609-733: Was used (German: Österreich-Ungarn ; Hungarian: Ausztria-Magyarország ). The Austrians also used the names k. u. k. Monarchie (English: k. u. k. monarchy ) (in detail German: Kaiserliche und königliche Monarchie Österreich-Ungarn ; Hungarian: Császári és Királyi Osztrák–Magyar Monarchia ) and Danubian Monarchy (German: Donaumonarchie ; Hungarian: Dunai Monarchia ) or Dual Monarchy (German: Doppel-Monarchie ; Hungarian: Dual-Monarchia ) and The Double Eagle (German: Der Doppel-Adler ; Hungarian: Kétsas ), but none of these became widespread either in Hungary or elsewhere. The realm's full name used in internal administration

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