Cartels are bad, pass it on

The ACCC has made a short movie about cartels and whistle blowing. I have to admit, my expectations were not high, but this was quite excellent. Sure, you could watch The Informant and get a Hollywood version of a similar story but this one, despite actually being fictitious had a more realistic aura about it.

Some things you might watch out for are (a) those were actual ACCC lawyers Martin goes to (not actors); (b) Martin’s firm appears to be operating out of ACCC offices with economics books on the CEO’s shelves; and (c) the theory of collusion through market division is expounded in this paper while the theory of bid rigging is expounded in this book.