Knowledge

Price fixing

Source đź“ť

42: 556:. Section 48 of the Competition and Consumer Act 2010 (Cth) explicitly states, "A corporation shall not engage in the practise of resale price maintenance." A broader understanding of the statutory provision is in Section 96(3)of the Competition and Consumer Act 2010 (Cth), which broadly defines what can be resale price maintenance. 490:. That includes exchanging prices with the intent to fix prices or the exchange affecting the prices individual competitors set. Proof that competitors have shared prices can be used as part of the evidence of an illegal price fixing agreement. Experts generally advise that competitors avoid even the appearance of agreeing on price. 1078:
believe that price fixing is a voluntary and consensual activity between parties that should be free from government compulsion and government interference. At times price fixing ensures a stable market for both consumers and producers. Any short-term benefit of increased price competition will force
983:
announced rates for their coronavirus vaccines that would differ based on deals established with various governments. Executive orders were enacted in the United States to lower prescription drug costs which was claimed by Pfizer's CEO to cause "enormous destruction" to the pharmaceutical industry.
377:
products such as wheat basically do not differ too much, because such agricultural products have no characteristics and are essentially the same, and their price will only change slightly at the same time. If a natural disaster occurs, the price of all affected wheat will rise at the same time. And
320:
Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders. For example, manufacturers and retailers may conspire to sell at a common "retail" price; set a common minimum sales price, where sellers agree not to discount the
1079:
some producers out of the market and cause product shortages and prices for consumers to rise. In the end price-fixing legislation forces producers out of a market because it can not compete with the biggest discounter and the market winds up a monopoly anyway.
2011: 472:
Private individuals or organizations may file lawsuits for triple damages for antitrust violations and, depending on the law, recover attorneys fees and costs expended on prosecution of a case. If the case at hand also violates the
603:
was a public agreement between UK booksellers from 1900 to 1991 to sell new books only at the recommended retail price to protect the revenues of smaller bookshops. The agreement collapsed in 1991, when the large book chain
493:
Since 1997, US courts have divided price fixing into two categories: vertical and horizontal maximum price fixing. Vertical price fixing includes a manufacturer's attempt to control the price of its product at retail. In
1013:
by rental companies across the United States to set rents, which critics worry has helped to raise rents by limiting competition. The US DOJ escalated its investigation into price-fixing in March of 2024, and filed an
1891:"JoaquĂ­n Almunia Vice President of the European Commission responsible for Competition Policy Press conference on LCD cartel, Visa and French chemists' association decisions Press conference Brussels, 8 December 2010" 615:
However, price-fixing is still legal in the magazine and newspaper distribution industry, and sometimes in the motion picture industry. Retailers who sell at below cover price are subject to withdrawal of supply. The
524:, agreed to pay a total sum of $ 585 million to settle their prosecutions for conspiring to fix prices of liquid crystal display panels. That was the second largest amount awarded under the Sherman Act in history. 396:
International price fixing by private entities can be prosecuted under the antitrust laws of many countries. Examples of prosecuted international cartels are those that controlled the prices and output of
1688: 2019: 317:
for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied.
2041: 1977: 521: 702:
in the early 1990s. It is estimated customers were overcharged by nearly $ 500 million and up to $ 5 per album. A settlement in 2002 included the music publishers and distributors;
345:; discontinue a free service or fix the price of one component of an overall service; adhere uniformly to previously announced prices and terms of sale; establish uniform costs and 771:
In October 2004, four executives from Infineon, a German chip maker, received reduced sentences of 4 to 6 months in federal prison and $ 250,000 in fines after agreeing to aid the
1067:
increased, it will have an impact on the entire supply chain. For example, it will cause the price of goods and services to increase, and it will also affect consumers' choices.
768:) chips. Samsung was the third company to be charged in connection with the international cartel and was fined $ 300 million, the second largest antitrust penalty in US history. 1435: 870:
has ever imposed. Chunghwa would pay $ 65 million for conspiring with LG Display and other unnamed companies and Sharp would pay $ 120 million, according to the department.
1047:
If the price of a new supplier drops significantly after bidding, the reason may be that some suppliers have been colluding and the new supplier has forced them to compete.
2106: 909:
came forward about their involvement in large price-fixing schemes for cargo and passenger surcharges in which 21 airlines were involved since 2000 (amongst which were
104: 1056:
When prices are determined between various companies, it may affect consumers' choices to a certain extent, and affect small businesses that rely on these suppliers.
465:. Further, where price fixing is used as an artifice to defraud a U.S. government agency into paying more than market value, the U.S. attorney may proceed under the 2179: 1808: 867: 1415: 1864: 373:
Not all similar prices or price changes at the same time are price fixing. These situations are often normal market phenomena. For example, the price of
943:
The Commission noted that it might involve up to 60 airlines. In 2009 the Commission said overseas competition authorities were also investigating the
963:
in 2020. Christopher Lischewski, the former CEO of Bumble Bee, was sentenced to 40 months in jail and fined $ 100,000 for his 2010–2013 involvement.
1034:
If the bid or quoted price is much higher than expected, the reason may be collusive to set the price or just overpriced, but it is legal in itself.
306:, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling 1989: 1204: 2214: 553: 2308: 1698: 2370: 1587: 734:. In restitution for price fixing they agreed to pay a $ 67.4 million fine distribute $ 75.7 million in CDs to public and non-profit groups. 2352: 508:
violation of the Sherman Act, but horizontal price fixing is still considered a breach of the Sherman Act. Also in 2008, the defendants of
936:. According to the Commission, the carriers "colluded to raise the price of by imposing fuel charges for more than seven years". In 2013 353:; purposefully reduce output or sales in order to charge higher prices; or purposefully share or pool markets, territories, or customers. 1238: 1384: 385:, price fixing is inefficient. The anti-competitive agreement by producers to fix prices above the market price transfers some of the 282: 1779:"LG, Sharp, Chunghwa Agree to Plead Guilty, Pay Total of $ 585 Million in Fines for Participating in LCD Price-fixing Conspiracies" 1447: 1616: 2337: 1288: 2271: 477:, in addition to the Sherman Act, private individuals may also bring a civil action in the name of the United States under the 2357: 581: 2160: 2342: 1327: 1658: 552:, with considerably similar prohibitions to the US and Canadian prohibitions. The Act is administered and enforced by the 2403: 1786: 993: 321:
sales price below the agreed-to minimum price; buy the product from a supplier at a specified maximum price; adhere to a
2362: 1819: 1624: 1569: 549: 251: 1356:
Tsui, Tat Chee (April 2011). "Interstate Comparison – Use of Contribution Margin in Determination of Price Fixing".
378:
the increase in consumer demand may also cause the prices of products with limited supply to rise at the same time.
1520: 925:
fined the airlines a total of $ 1.7 billion, charged 19 executives with wrongdoing and four received prison terms.
1040:
If the price of a new supplier is lower than the usual corporate bidding price, the reason may be that there is a
2069: 588:
firms that co-operate with the antitrust authority see their prospective penalties either wiped out or reduced.
2393: 731: 398: 89: 2322: 1063:
as an example, many products are now transported by freight through various channels. If the freight price is
2281: 410: 275: 194: 1750: 1461: 2135: 1296: 890: 313:
The intent of price fixing may be to push the price of a product as high as possible, generally leading to
1037:
If all suppliers choose to increase prices at the same time, it is beyond the scope of input cost changes.
1267: 1015: 2398: 1778: 922: 882: 772: 438: 299: 123: 58: 1890: 787:
fined eight firms, mostly Japanese companies, €254 million for operating an illegal price cartel for
727: 1921: 1212: 1164: 1159: 1149: 703: 687: 686:
Between 1995 and 2000 music companies were found to have used illegal marketing agreements such as
474: 442: 362: 342: 338: 268: 881:
price fixing scheme. Other companies were fined for a combined total of €648.9 million, including
1726: 1549: 1104: 855:, agreed to plead guilty and pay $ 585 million in criminal fines for conspiring to fix prices of 711: 382: 2107:"Pfizer CEO says Trump's executive orders overhauling U.S. drug pricing will upend the industry" 1834: 933: 856: 617: 564:
New Zealand law prohibits price fixing, among most other anti-competitive behaviours under the
446: 168: 1369: 996:
from continuing to use software to share data on routes and prices before they became public.
2276: 1419: 1410: 1388: 719: 568:. The act covers practices similar to that of US and Canadian law, and it is enforced by the 496: 431: 256: 2068: 1586: 2347: 1561: 211: 206: 94: 1484: 8: 2348:
US Department of Justice Website, Samsung Pleads Guilty to Price Fixing - October 5, 2005
2045: 2015: 1985: 1898: 1443: 929: 784: 761: 605: 569: 406: 2353:
US Department of Justice Website, Infineon Pleads Guilty to Price Fixing - October 2004
2252: 2206: 2075: 1593: 1184: 815:
brands and three vendors for price collusion between 1997 and 2000. The brands include
707: 699: 600: 501: 314: 303: 230: 152: 2235:
Erickson, W. Bruce (March 1976). "Price Fixing Conspiracies: Their Long-Term Impact".
1235:
Extraterritoriality of the Sherman Act and Deterrence of Private International Cartels
540:
is considered a form of price fixing and is illegal in Canada (s.47 Competition Act).
2080: 1633: 1565: 1422: 1365: 1300: 1075: 972: 832: 808: 743: 565: 346: 307: 216: 201: 84: 72: 2012:"Air New Zealand final airline to settle with Commerce Commission in air cargo case" 1721: 2244: 1557: 1169: 1124: 1119: 956: 792: 653: 466: 458: 386: 334: 225: 179: 175: 77: 2332: 2327: 1926: 1693: 1553: 1154: 937: 910: 906: 681: 533: 427: 390: 357: 184: 163: 109: 33: 1331: 2292: 1869: 1813: 1541: 1259: 1179: 1139: 918: 848: 585: 487: 132: 114: 24: 2378: 2387: 2084: 1637: 1144: 1064: 664: 486:
Under American law, exchanging prices among competitors can also violate the
302:
agreement between participants on the same side in a market to buy or sell a
221: 189: 2272:"What's Wrong with Price Fixing: Responding to the New Critics of Antitrust" 1234: 816: 659:
International airline tickets have their prices fixed by agreement with the
2309:
Sticker Shock, Guilty Pleas Show High Cost of Price-Fixing in Auto Industry
1489: 886: 691: 235: 99: 2317: 1512: 2371:"LVMH, L'Oreal, PPR fined for perfume price collusion; LVMH plans appeal" 1978:"Commerce Commission procedure in accordance with standard best practice" 1865:"LCD-Panel Makers Fined $ 649 Million by European Union for Price Fixing" 1260:"15 U.S. Code § 1 - Trusts, etc., in restraint of trade illegal; penalty" 1174: 1114: 1094: 852: 609: 537: 402: 374: 330: 158: 20: 955:
An attempt to fix the price of tuna resulted in a $ 25 million fine for
532:
In Canada, it is an indictable criminal offence under Section 45 of the
2256: 1005: 914: 863: 788: 636:
or is entered by sovereign nations as opposed to individual firms, the
462: 326: 322: 16:
Agreement over prices between participants on the same side in a market
1949: 1134: 1099: 1089: 1041: 947:
market, including the US and Australia where fines had been imposed.
944: 902: 723: 649: 641: 450: 137: 67: 41: 2248: 632:
When the agreement to control price is sanctioned by a multilateral
596:
British competition law prohibits almost any attempt to fix prices.
522:
United States District Court for the Northern District of California
2070:"Former Bumble Bee C.E.O. Is Sentenced in Tuna Price-Fixing Scheme" 1953: 1129: 1010: 960: 866:
would pay $ 400 million, the second-highest criminal fine that the
757: 695: 454: 426:
In the United States, price fixing can be prosecuted as a criminal
63: 2180:"DOJ Files Antitrust Suit Against Maker of Rent-Setting Algorithm" 2328:
Identifying Horizontal Price Fixing in the Electronic Marketplace
1839: 1689:"EU fines Japanese firms over price-fixing cartel for capacitors" 1060: 1027: 980: 828: 812: 796: 753: 479: 1021: 1809:"LCD Makers Will Plead Guilty in Price-Fixing Scheme (Update2)" 976: 820: 637: 633: 143: 1722:"France Fines Perfume Makers And Vendors in Price-Fixing Case" 1835:"UPDATE 2-LG Display, Sharp, Chunghwa say guilty in LCD case" 756:
pleaded guilty to conspiring with other companies, including
749: 1588:"THE MEDIA BUSINESS; British Book Shops in Price Skirmishes" 2110: 1330:. Art Publishers Association. February 2000. Archived from 824: 765: 660: 652:
cartel, has not been prosecuted or successfully sued under
645: 445:
also has jurisdiction for civil antitrust violations. Many
2333:
SONY Accused of Price Fixing in the UK - November 15, 2005
2134:
Vogell, Heather; Coryne, Haru; Little, Ryan (2022-10-15).
504:
held that vertical price fixing is no longer considered a
2312: 1755: 1109: 1026:
It is more common to have price fixing trends during the
878: 715: 350: 663:, a practice for which there is a specific exemption in 874: 1972: 1970: 1009:
in 2022 investigated the use of algorithms created by
893:
LG Display said it is considering appealing the fine.
737: 2136:"Rent Going Up? One Company's Algorithm Could Be Why" 2161:"DOJ escalates price-fixing probe on housing market" 775:
with their ongoing investigation of the conspiracy.
764:, to fix the price of dynamic random access memory ( 1967: 932:filed legal proceedings against 13 airlines in the 2323:US Department of Justice Antitrust Resource Manual 2133: 1863: 1818: 1546:The Organisation of Knowledge in Victorian Britain 877:fined LG Display €215 million for its part in the 694:in order to end price wars by discounters such as 2042:"International air cargo cartel to be prosecuted" 2385: 2358:Antitrust settlement in Nevada price-fixing case 2215:Australian Competition & Consumer Commission 1464:. Parliamentary Counsel Office. October 5, 2022 554:Australian Competition & Consumer Commission 1682: 1680: 548:Price fixing is illegal in Australia under the 1358:Pace International Law Review Online Companion 1617:"Price-Fixing in the Motion Picture Industry" 1485:"Heineken and Grolsch fined for price-fixing" 1022:Signs of possible price fixing during bidding 437:Criminal prosecutions must be handled by the 276: 2104: 1677: 1513:"Avoid and report anti-competitive activity" 1322: 1320: 1318: 640:may be protected from lawsuits and criminal 1719: 1239:American Agricultural Economics Association 1070: 992:Airlines in the 1990's were blocked by the 940:was the final airline of the 13 to settle. 608:began discounting books, followed by rival 2318:Avoid and report anti-competitive activity 2280:. Vol. 12, no. 2 (Summer 1988). 1950:"21 airlines fined in price-fixing scheme" 1659:"Australia: IATA enters price fixing saga" 1436:"Commission warns GP's about price fixing" 842: 453:cases and have antitrust offices, such as 283: 269: 2034: 1720:Passariello, Christina (March 15, 2006). 1315: 1051: 389:to those producers and also results in a 337:terms offered to purchasers; use uniform 244:Enforcement authorities and organizations 2234: 2105:Lovelace Jr., Berkeley (July 28, 2020). 1947: 868:US Justice Department antitrust division 358:permitted in some markets but not others 1748: 1614: 1584: 1540: 514:United States v. Chunghwa Picture Tubes 2386: 2177: 2066: 1351: 1349: 1232: 966: 799:Chemical which was fined €18 million. 360:; where allowed, it is often known as 2269: 2201: 2199: 2158: 2129: 2127: 1948:Caldwell, Alicia A. (March 5, 2011). 1922:"2 LCD giants face contrasting fates" 1861: 1806: 1751:"$ 585 million LCD price-fixing fine" 959:in 2017 and a $ 100 million fine for 1749:Frieden, Terry (November 12, 2008). 1686: 1585:Cassidy, Suzanne (October 7, 1991). 1562:10.5871/bacad/9780197263266.001.0001 1355: 1160:Trade Practices Act 1974 (Australia) 1044:of bidding among existing companies. 2237:The Journal of Industrial Economics 2067:Garcia, Sandra E. (June 16, 2020). 1919: 1787:United States Department of Justice 1482: 1346: 1226: 896: 889:, Chunghwa Picture Tubes Ltd., and 738:Dynamic random access memory (DRAM) 483:provision of The False Claims Act. 13: 2196: 2124: 1920:Kim, Yoo-chul (December 9, 2010). 1625:Northwestern University Law Review 690:to artificially inflate prices of 582:EU commission's leniency programme 518:United States v. Sharp Corporation 40: 14: 2415: 2302: 1862:White, Aoife (December 8, 2010). 1807:Bliss, Jeff (November 12, 2008). 1615:Stevens, John Paul (April 2020). 1382: 1328:"Be Careful About Antitrust Law!" 999: 987: 591: 575: 550:Competition and Consumer Act 2010 252:International Competition Network 1988:. March 20, 2009. Archived from 1663:Competition Policy International 1521:Government of the United Kingdom 795:which was fined €98 million and 675: 421: 2343:Be Careful About Antitrust Law! 2263: 2228: 2171: 2152: 2098: 2060: 2018:. June 13, 2013. Archived from 2004: 1941: 1913: 1883: 1855: 1827: 1800: 1771: 1742: 1713: 1651: 1608: 1578: 1534: 1505: 1476: 1454: 1297:New York State Attorney General 930:New Zealand Commerce Commission 791:. The two largest players were 416: 2178:Vogell, Heather (2024-08-23). 2159:Sisco, Josh (March 20, 2024). 1446:. May 18, 2005. Archived from 1428: 1403: 1376: 1281: 1252: 1233:Connor, John M. (April 2004). 1197: 620:has given its approval to the 559: 510:United States v LG Display Co. 329:; engage in cooperative price 257:List of competition regulators 1: 2379:Concepto de Fixing en Español 2282:American Enterprise Institute 1483:Gow, David (April 18, 2007). 1191: 851:, Chunghwa Picture Tubes and 778: 627: 543: 7: 1268:Legal Information Institute 1082: 1018:lawsuit in August of 2024. 670: 10: 2420: 2404:Anti-competitive practices 2364:In Defense of Price Fixing 2270:DeBow, Michael E. (1988). 1697:. Brussels. Archived from 923:U.S. Department of Justice 802: 773:U.S. Department of Justice 741: 688:minimum advertised pricing 679: 439:U.S. Department of Justice 124:Anti-competitive practices 90:Herfindahl–Hirschman index 59:History of competition law 18: 901:In late 2005/early 2006, 728:Trans World Entertainment 644:prosecution. That is why 527: 1289:"About Antitrust Bureau" 1213:Federal Trade Commission 1165:US Department of Justice 1150:Resale price maintenance 1071:Criticism on legislation 994:US Department of Justice 475:False Claims Act of 1863 443:Federal Trade Commission 368:retail price maintenance 363:resale price maintenance 19:Not to be confused with 1727:The Wall Street Journal 1687:JiJi (March 22, 2018). 1550:Oxford University Press 1385:"VERTICAL PRICE FIXING" 1105:George Howard Earle Jr. 950: 843:Liquid crystal displays 712:Bertelsmann Music Group 447:state attorneys general 430:under Section 1 of the 383:neo-classical economics 1052:Impact of price fixing 934:New Zealand High Court 928:In December 2008, the 891:HannStar Display Corp. 857:liquid crystal display 618:Office of Fair Trading 169:Occupational licensing 45: 2394:Pricing controversies 2338:Antitrust Enforcement 1411:State Oil Co. v. Khan 1334:on September 27, 2007 1303:on September 29, 2008 748:In October 2005, the 722:as well as retailers 497:State Oil Co. v. Khan 432:Sherman Antitrust Act 44: 1992:on September 6, 2009 1823:on October 23, 2012. 1785:. Washington, D.C.: 975:, companies such as 831:(€9.4 million), and 809:government of France 212:Occupational closure 207:Dividing territories 195:Essential facilities 95:Market concentration 2048:. December 15, 2008 2046:Commerce Commission 2016:Commerce Commission 1986:Commerce Commission 1899:European Commission 1843:. November 12, 2023 1462:"Commerce Act 1986" 1444:Commerce Commission 967:Coronavirus vaccine 847:In 2008 in the US, 785:European Commission 783:In March 2018, the 762:Hynix Semiconductor 570:Commerce Commission 407:graphite electrodes 349:; impose mandatory 339:trade-in allowances 2076:The New York Times 2022:on October 3, 2014 1901:. December 8, 2010 1594:The New York Times 1450:on April 16, 2009. 1383:Sauer, Raymond D. 1185:Price fixing cases 1030:process, such as: 862:South Korea–based 601:Net Book Agreement 502:U.S. Supreme Court 231:Regulatory capture 46: 2399:Commercial crimes 2044:(Press release). 2014:(Press release). 1984:(Press release). 1897:(Press release). 1759:. Washington, D.C 1701:on March 22, 2018 1665:. October 7, 2012 1442:(Press release). 1076:Economic liberals 973:COVID-19 pandemic 839:(€12.8 million). 833:Hutchison Whampoa 744:DRAM price fixing 566:Commerce Act 1986 308:supply and demand 293: 292: 222:Misuse of patents 217:Predatory pricing 202:Exclusive dealing 85:Barriers to entry 73:Coercive monopoly 2411: 2297: 2296: 2290: 2288: 2267: 2261: 2260: 2232: 2226: 2225: 2223: 2221: 2203: 2194: 2193: 2191: 2190: 2175: 2169: 2168: 2156: 2150: 2149: 2147: 2146: 2131: 2122: 2121: 2119: 2117: 2102: 2096: 2095: 2093: 2091: 2072: 2064: 2058: 2057: 2055: 2053: 2038: 2032: 2031: 2029: 2027: 2008: 2002: 2001: 1999: 1997: 1974: 1965: 1964: 1962: 1960: 1945: 1939: 1938: 1936: 1934: 1917: 1911: 1910: 1908: 1906: 1887: 1881: 1880: 1878: 1876: 1867: 1859: 1853: 1852: 1850: 1848: 1831: 1825: 1824: 1822: 1817:. Archived from 1804: 1798: 1797: 1795: 1793: 1775: 1769: 1768: 1766: 1764: 1746: 1740: 1739: 1737: 1735: 1717: 1711: 1710: 1708: 1706: 1684: 1675: 1674: 1672: 1670: 1655: 1649: 1648: 1646: 1644: 1632:(7): 1787–1804. 1621: 1612: 1606: 1605: 1603: 1601: 1590: 1582: 1576: 1575: 1538: 1532: 1531: 1529: 1527: 1509: 1503: 1502: 1500: 1498: 1480: 1474: 1473: 1471: 1469: 1458: 1452: 1451: 1432: 1426: 1407: 1401: 1400: 1398: 1396: 1387:. Archived from 1380: 1374: 1373: 1353: 1344: 1343: 1341: 1339: 1324: 1313: 1312: 1310: 1308: 1299:. Archived from 1285: 1279: 1278: 1276: 1274: 1256: 1250: 1249: 1247: 1245: 1230: 1224: 1223: 1221: 1219: 1201: 1170:Variable pricing 1125:London Gold Pool 1120:Herfindahl index 957:Bumble Bee Foods 897:Air cargo market 823:(€3.0 million), 819:(€4.1 million), 793:Nippon Chemi-Con 654:US antitrust law 467:False Claims Act 387:consumer surplus 356:Price fixing is 335:financial credit 285: 278: 271: 176:Product bundling 78:Natural monopoly 30: 29: 2419: 2418: 2414: 2413: 2412: 2410: 2409: 2408: 2384: 2383: 2305: 2300: 2286: 2284: 2268: 2264: 2249:10.2307/2098269 2233: 2229: 2219: 2217: 2205: 2204: 2197: 2188: 2186: 2176: 2172: 2157: 2153: 2144: 2142: 2132: 2125: 2115: 2113: 2103: 2099: 2089: 2087: 2065: 2061: 2051: 2049: 2040: 2039: 2035: 2025: 2023: 2010: 2009: 2005: 1995: 1993: 1976: 1975: 1968: 1958: 1956: 1946: 1942: 1932: 1930: 1927:The Korea Times 1918: 1914: 1904: 1902: 1889: 1888: 1884: 1874: 1872: 1860: 1856: 1846: 1844: 1833: 1832: 1828: 1805: 1801: 1791: 1789: 1777: 1776: 1772: 1762: 1760: 1747: 1743: 1733: 1731: 1718: 1714: 1704: 1702: 1694:The Japan Times 1685: 1678: 1668: 1666: 1657: 1656: 1652: 1642: 1640: 1619: 1613: 1609: 1599: 1597: 1583: 1579: 1572: 1556:. p. 275. 1554:British Academy 1542:Daunton, Martin 1539: 1535: 1525: 1523: 1511: 1510: 1506: 1496: 1494: 1481: 1477: 1467: 1465: 1460: 1459: 1455: 1434: 1433: 1429: 1408: 1404: 1394: 1392: 1391:on July 8, 2013 1381: 1377: 1354: 1347: 1337: 1335: 1326: 1325: 1316: 1306: 1304: 1293:oag.state.ny.us 1287: 1286: 1282: 1272: 1270: 1264:law.cornell.edu 1258: 1257: 1253: 1243: 1241: 1231: 1227: 1217: 1215: 1203: 1202: 1198: 1194: 1189: 1155:Tacit collusion 1085: 1073: 1054: 1024: 1002: 990: 969: 953: 938:Air New Zealand 911:British Airways 907:Virgin Atlantic 899: 845: 805: 781: 746: 740: 720:Universal Music 684: 682:CD price fixing 678: 673: 630: 594: 578: 562: 546: 534:Competition Act 530: 520:, heard in the 428:federal offense 424: 419: 391:deadweight loss 300:anticompetitive 289: 185:Refusal to deal 164:Tacit collusion 110:Relevant market 34:Competition law 28: 17: 12: 11: 5: 2417: 2407: 2406: 2401: 2396: 2382: 2381: 2376: 2368: 2360: 2355: 2350: 2345: 2340: 2335: 2330: 2325: 2320: 2315: 2304: 2303:External links 2301: 2299: 2298: 2293:Cato Institute 2262: 2243:(3): 189–202. 2227: 2195: 2170: 2151: 2123: 2097: 2059: 2033: 2003: 1982:Release no 113 1966: 1940: 1912: 1882: 1870:Bloomberg News 1854: 1826: 1814:Bloomberg News 1799: 1770: 1741: 1712: 1676: 1650: 1607: 1577: 1571:978-0197263266 1570: 1544:, ed. (2005). 1533: 1504: 1475: 1453: 1440:Release No 133 1427: 1402: 1375: 1345: 1314: 1280: 1251: 1225: 1205:"Price Fixing" 1195: 1193: 1190: 1188: 1187: 1182: 1180:Vendor lock-in 1177: 1172: 1167: 1162: 1157: 1152: 1147: 1142: 1140:Price controls 1137: 1132: 1127: 1122: 1117: 1112: 1107: 1102: 1097: 1092: 1086: 1084: 1081: 1072: 1069: 1053: 1050: 1049: 1048: 1045: 1038: 1035: 1023: 1020: 1001: 1000:Rent algorithm 998: 989: 988:1990s airlines 986: 968: 965: 952: 949: 919:Air France-KLM 898: 895: 883:Chimei Innolux 849:LG Display Co. 844: 841: 804: 801: 780: 777: 742:Main article: 739: 736: 680:Main article: 677: 674: 672: 669: 629: 626: 593: 592:United Kingdom 590: 586:whistleblowing 577: 576:European Union 574: 561: 558: 545: 542: 529: 526: 488:antitrust laws 423: 420: 418: 415: 333:; standardize 291: 290: 288: 287: 280: 273: 265: 262: 261: 260: 259: 254: 246: 245: 241: 240: 239: 238: 233: 228: 219: 214: 209: 204: 199: 198: 197: 192: 182: 173: 172: 171: 166: 161: 156: 146: 135: 133:Monopolization 127: 126: 120: 119: 118: 117: 115:Merger control 112: 107: 102: 97: 92: 87: 82: 81: 80: 75: 61: 53: 52: 51:Basic concepts 48: 47: 37: 36: 25:price controls 15: 9: 6: 4: 3: 2: 2416: 2405: 2402: 2400: 2397: 2395: 2392: 2391: 2389: 2380: 2377: 2375: 2372: 2369: 2367: 2365: 2361: 2359: 2356: 2354: 2351: 2349: 2346: 2344: 2341: 2339: 2336: 2334: 2331: 2329: 2326: 2324: 2321: 2319: 2316: 2314: 2310: 2307: 2306: 2294: 2283: 2279: 2278: 2273: 2266: 2258: 2254: 2250: 2246: 2242: 2238: 2231: 2216: 2212: 2208: 2202: 2200: 2185: 2181: 2174: 2166: 2162: 2155: 2141: 2137: 2130: 2128: 2112: 2108: 2101: 2086: 2082: 2078: 2077: 2071: 2063: 2047: 2043: 2037: 2021: 2017: 2013: 2007: 1991: 1987: 1983: 1979: 1973: 1971: 1955: 1951: 1944: 1929: 1928: 1923: 1916: 1900: 1896: 1892: 1886: 1871: 1866: 1858: 1842: 1841: 1836: 1830: 1821: 1816: 1815: 1810: 1803: 1788: 1784: 1780: 1774: 1758: 1757: 1752: 1745: 1729: 1728: 1723: 1716: 1700: 1696: 1695: 1690: 1683: 1681: 1664: 1660: 1654: 1639: 1635: 1631: 1627: 1626: 1618: 1611: 1596: 1595: 1589: 1581: 1573: 1567: 1563: 1559: 1555: 1551: 1547: 1543: 1537: 1522: 1518: 1514: 1508: 1492: 1491: 1486: 1479: 1463: 1457: 1449: 1445: 1441: 1437: 1431: 1424: 1421: 1417: 1413: 1412: 1406: 1390: 1386: 1379: 1371: 1367: 1363: 1359: 1352: 1350: 1333: 1329: 1323: 1321: 1319: 1302: 1298: 1294: 1290: 1284: 1269: 1265: 1261: 1255: 1244:September 30, 1240: 1236: 1229: 1214: 1210: 1206: 1200: 1196: 1186: 1183: 1181: 1178: 1176: 1173: 1171: 1168: 1166: 1163: 1161: 1158: 1156: 1153: 1151: 1148: 1146: 1145:Price gouging 1143: 1141: 1138: 1136: 1133: 1131: 1128: 1126: 1123: 1121: 1118: 1116: 1113: 1111: 1108: 1106: 1103: 1101: 1098: 1096: 1093: 1091: 1088: 1087: 1080: 1077: 1068: 1066: 1062: 1057: 1046: 1043: 1039: 1036: 1033: 1032: 1031: 1029: 1019: 1017: 1012: 1008: 1007: 997: 995: 985: 982: 978: 974: 964: 962: 958: 948: 946: 941: 939: 935: 931: 926: 924: 920: 916: 912: 908: 904: 894: 892: 888: 884: 880: 876: 873:In 2010, the 871: 869: 865: 860: 858: 854: 850: 840: 838: 834: 830: 826: 822: 818: 814: 810: 807:In 2006, the 800: 798: 794: 790: 786: 776: 774: 769: 767: 763: 759: 755: 751: 745: 735: 733: 732:Tower Records 729: 725: 721: 717: 713: 709: 705: 701: 697: 693: 692:compact discs 689: 683: 676:Compact discs 668: 666: 665:antitrust law 662: 657: 655: 651: 648:, the global 647: 643: 639: 635: 625: 623: 619: 613: 611: 607: 602: 597: 589: 587: 583: 573: 571: 567: 557: 555: 551: 541: 539: 535: 525: 523: 519: 515: 511: 507: 503: 499: 498: 491: 489: 484: 482: 481: 476: 470: 468: 464: 460: 456: 452: 448: 444: 440: 435: 433: 429: 422:United States 414: 412: 408: 404: 400: 394: 392: 388: 384: 379: 376: 371: 369: 365: 364: 359: 354: 352: 348: 344: 340: 336: 332: 328: 324: 318: 316: 311: 309: 305: 301: 297: 286: 281: 279: 274: 272: 267: 266: 264: 263: 258: 255: 253: 250: 249: 248: 247: 243: 242: 237: 234: 232: 229: 227: 223: 220: 218: 215: 213: 210: 208: 205: 203: 200: 196: 193: 191: 190:Group boycott 188: 187: 186: 183: 181: 177: 174: 170: 167: 165: 162: 160: 157: 154: 150: 147: 145: 142:Formation of 141: 140: 139: 136: 134: 131: 130: 129: 128: 125: 122: 121: 116: 113: 111: 108: 106: 103: 101: 98: 96: 93: 91: 88: 86: 83: 79: 76: 74: 71: 70: 69: 65: 62: 60: 57: 56: 55: 54: 50: 49: 43: 39: 38: 35: 32: 31: 26: 22: 2373: 2366:by Sean Gabb 2363: 2291:– via 2285:. Retrieved 2275: 2265: 2240: 2236: 2230: 2218:. Retrieved 2210: 2187:. Retrieved 2183: 2173: 2164: 2154: 2143:. Retrieved 2139: 2114:. Retrieved 2100: 2088:. Retrieved 2074: 2062: 2050:. Retrieved 2036: 2024:. Retrieved 2020:the original 2006: 1994:. Retrieved 1990:the original 1981: 1957:. Retrieved 1943: 1931:. Retrieved 1925: 1915: 1903:. Retrieved 1894: 1885: 1873:. Retrieved 1857: 1845:. Retrieved 1838: 1829: 1820:the original 1812: 1802: 1790:. Retrieved 1782: 1773: 1761:. Retrieved 1754: 1744: 1732:. Retrieved 1725: 1715: 1703:. Retrieved 1699:the original 1692: 1667:. Retrieved 1662: 1653: 1641:. Retrieved 1629: 1623: 1610: 1598:. Retrieved 1592: 1580: 1545: 1536: 1524:. Retrieved 1516: 1507: 1495:. Retrieved 1490:The Guardian 1488: 1478: 1466:. Retrieved 1456: 1448:the original 1439: 1430: 1425: (1997). 1409: 1405: 1393:. Retrieved 1389:the original 1378: 1361: 1357: 1336:. Retrieved 1332:the original 1305:. Retrieved 1301:the original 1292: 1283: 1271:. Retrieved 1263: 1254: 1242:. Retrieved 1228: 1216:. Retrieved 1208: 1199: 1074: 1065:artificially 1058: 1055: 1025: 1004: 1003: 991: 970: 954: 942: 927: 900: 887:AU Optronics 872: 861: 846: 836: 806: 782: 770: 747: 708:Warner Music 685: 658: 631: 621: 614: 598: 595: 579: 563: 547: 531: 517: 513: 509: 505: 495: 492: 485: 478: 471: 436: 425: 417:Legal status 395: 380: 375:agricultural 372: 367: 361: 355: 319: 312: 296:Price fixing 295: 294: 236:Rent-seeking 149:Price fixing 148: 100:Market power 2287:January 20, 2220:January 20, 2211:accc.gov.au 2116:January 20, 2090:January 20, 1959:January 20, 1933:January 20, 1905:January 20, 1875:January 20, 1847:January 20, 1792:January 20, 1783:justice.gov 1763:January 20, 1734:January 20, 1669:January 20, 1643:January 20, 1600:January 20, 1526:January 20, 1497:January 20, 1468:January 20, 1273:January 20, 1218:January 20, 1175:Fixed price 1115:Gold fixing 1095:Bid rigging 971:During the 853:Sharp Corp. 610:Waterstones 560:New Zealand 538:Bid rigging 449:also bring 409:, and bulk 403:citric acid 331:advertising 159:Bid rigging 21:fixed price 2388:Categories 2277:Regulation 2189:2024-08-24 2184:ProPublica 2145:2024-08-21 2140:ProPublica 1493:. Brussels 1237:(Report). 1192:References 1016:anti-trust 1006:ProPublica 915:Korean Air 864:LG Display 837:Marionnaud 789:capacitors 779:Capacitors 704:Sony Music 628:Exemptions 622:status quo 580:Under the 463:California 441:, but the 351:surcharges 327:list price 323:price book 226:copyrights 105:SSNIP test 2207:"Cartels" 2085:0362-4331 1895:europa.eu 1638:0029-3571 1135:Oligopoly 1100:Collusion 1090:Antitrust 1042:collusion 945:air cargo 903:Lufthansa 811:fined 13 724:Musicland 716:EMI Music 650:petroleum 642:antitrust 544:Australia 451:antitrust 343:discounts 138:Collusion 68:oligopoly 2165:Politico 2052:June 23, 2026:June 23, 1996:June 23, 1954:NBC News 1705:22 March 1338:June 15, 1307:June 15, 1130:Monopoly 1083:See also 1011:RealPage 961:StarKist 859:panels. 758:Infineon 752:company 696:Best Buy 671:Examples 459:New York 455:Virginia 411:vitamins 341:; limit 64:Monopoly 2257:2098269 1840:Reuters 1730:. Paris 1395:July 9, 1370:1839223 1209:ftc.gov 1061:freight 1059:Taking 1028:bidding 981:Moderna 829:Sephora 817:L'OrĂ©al 813:perfume 803:Perfume 797:Hitachi 754:Samsung 606:Dillons 480:Qui Tam 347:markups 315:profits 304:product 144:cartels 2374:Forbes 2255:  2083:  1636:  1568:  1517:gov.uk 1414:, 1368:  977:Pfizer 917:, and 821:Chanel 750:Korean 700:Target 638:cartel 634:treaty 528:Canada 516:, and 506:per se 500:, the 461:, and 399:lysine 298:is an 2253:JSTOR 1620:(PDF) 1418: 180:tying 153:cases 2289:2023 2222:2023 2118:2023 2111:CNBC 2092:2023 2081:ISSN 2054:2014 2028:2014 1998:2014 1961:2023 1935:2023 1907:2023 1877:2023 1849:2023 1794:2023 1765:2023 1736:2023 1707:2018 1671:2023 1645:2023 1634:ISSN 1602:2023 1566:ISBN 1528:2023 1499:2023 1470:2023 1420:U.S. 1397:2013 1366:SSRN 1340:2016 1309:2016 1275:2023 1246:2014 1220:2023 979:and 951:Tuna 905:and 825:LVMH 766:DRAM 760:and 730:and 698:and 661:IATA 646:OPEC 599:The 224:and 178:and 66:and 2313:FBI 2245:doi 1756:CNN 1630:114 1558:doi 1416:522 1110:FBI 921:). 879:LCD 835:'s 827:'s 381:In 366:or 325:or 23:or 2390:: 2311:, 2274:. 2251:. 2241:24 2239:. 2213:. 2209:. 2198:^ 2182:. 2163:. 2138:. 2126:^ 2109:. 2079:. 2073:. 1980:. 1969:^ 1952:. 1924:. 1893:. 1868:. 1837:. 1811:. 1781:. 1753:. 1724:. 1691:. 1679:^ 1661:. 1628:. 1622:. 1591:. 1564:. 1548:. 1519:. 1515:. 1487:. 1438:. 1364:. 1360:. 1348:^ 1317:^ 1295:. 1291:. 1266:. 1262:. 1211:. 1207:. 913:, 885:, 875:EU 726:, 718:, 714:, 710:, 706:, 667:. 656:. 624:. 612:. 584:, 572:. 536:. 512:, 469:. 457:, 434:. 413:. 405:, 401:, 393:. 370:. 310:. 2295:. 2259:. 2247:: 2224:. 2192:. 2167:. 2148:. 2120:. 2094:. 2056:. 2030:. 2000:. 1963:. 1937:. 1909:. 1879:. 1851:. 1796:. 1767:. 1738:. 1709:. 1673:. 1647:. 1604:. 1574:. 1560:: 1552:/ 1530:. 1501:. 1472:. 1423:3 1399:. 1372:. 1362:1 1342:. 1311:. 1277:. 1248:. 1222:. 284:e 277:t 270:v 155:) 151:( 27:.

Index

fixed price
price controls
Competition law

History of competition law
Monopoly
oligopoly
Coercive monopoly
Natural monopoly
Barriers to entry
Herfindahl–Hirschman index
Market concentration
Market power
SSNIP test
Relevant market
Merger control
Anti-competitive practices
Monopolization
Collusion
cartels
Price fixing
cases
Bid rigging
Tacit collusion
Occupational licensing
Product bundling
tying
Refusal to deal
Group boycott
Essential facilities

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑