Here is an article (you might have to be on the campus network to view this article) by Paul Voosen that appeared recently in The Chronicle of Higher Education about cartels, price fixing agreements and an economist who has become one of the leading experts on international price fixing cases. In my microeconomics classes, we will be looking at cartels and price fixing agreements in chapter 18, on oligopolies, near the end of the term.
As you will see, John Connor has done well by becoming a sought-after expert on cartel pricing. The article also provides some ideas on cartels and their abilities to sustain high prices.
Thanks to Tyler Cowen and Alex Taborrok of the Marginal Revolution for pointing out this article.