Tag: anti-competitive behaviour

Cheap Amazon shipping leaves the Postal Service ‘dumber and poorer,’ Trump says | The Washington Post

Cheap Amazon shipping leaves the Postal Service ‘dumber and poorer,’ Trump says | The Washington Post

Spokesmen for the Postal Service and Amazon didn’t immediately respond to requests for comment Friday. In July, Amazon told Fortune magazine that the Postal Regulatory Commission, which oversees the Postal Service, “has consistently found that Amazon’s contracts with the USPS are profitable.” Amazon defended its program in July after Josh Sandbulte, a hedge fund manager with a […]

Trump: Amazon Is Getting Rich on Low Post Office Rates | Fortune

Trump: Amazon Is Getting Rich on Low Post Office Rates | Fortune

USPS’s chief financial officer, Joseph Corbett, wrote in a post for PostalReporter.com in August that the service is required by law to charge retailers at least enough to cover its delivery costs. “The reason we continue to attract e-commerce customers and business partners is because our customers see the value of our predictable service, enhanced […]

Swiss Post rejects COMCO allegations regarding large-scale customer discounts | Post&Parcel

Swiss Post rejects COMCO allegations regarding large-scale customer discounts | Post&Parcel

The Swiss Post statement summarized the company’s position: “On 8 April 2011, COMCO initiated proceedings against Swiss Post’s pricing systems for addressed domestic letters for business customers. “More than six years later, COMCO has fined Swiss Post for allegedly granting discounts that are unlawful under antitrust law to large-scale customers for domestic addressed letters between 2009 […]

America’s Superstar Companies Are a Drag on Growth | Bloomberg

America’s Superstar Companies Are a Drag on Growth | Bloomberg

Here’s a story about the U.S. economy that more people are telling these days. Since the 1980s, antitrust enforcement has gotten weaker. As a result, a few big companies have managed to capture a much bigger share of the market in various industries. Technology may have helped too, by letting big companies spread their geographic […]

Oxera – Leading economic thinking in Oxera’s Agenda articles | Oxera

Oxera – Leading economic thinking in Oxera’s Agenda articles | Oxera

Competition authorities have historically pursued very few cases against excessive pricing. This seems to be changing. In the past 12 months, the rules on abuse of dominance have been invoked to tackle high prices in a range of markets, including pharmaceuticals, musical works, and patents. Together with increased political calls for fairness to consumers, does […]

Baltimore sues companies in alleged water treatment chemical pricing conspiracy | Baltimore Sun

Baltimore sues companies in alleged water treatment chemical pricing conspiracy | Baltimore Sun

Baltimore sued 18 chemical manufacturers in federal court Monday, alleging that the city fell victim to a conspiracy designed to drive up the cost of the water treatment chemical alum over the course of a decade and a half. The lawsuit seeks at least $5 million in compensation. The FBI and federal prosecutors have been […]

Aspen faces EU probe over excessive pricing of cancer drugs | BusinessDay

Aspen faces EU probe over excessive pricing of cancer drugs | BusinessDay

Brussels — Aspen Pharmacare faces a EU antitrust investigation for ramping up the price of cancer drugs as the EU joins a global crackdown on the soaring cost of life-saving generic medicines. “When the price of a drug suddenly goes up by several hundred percent, this is something the commission may look at,” EU competition […]

Top 5 Antitrust Issues Facing Companies in the U.S. Today: #3 Pricing | The National Law Review

Top 5 Antitrust Issues Facing Companies in the U.S. Today: #3 Pricing | The National Law Review

Prices provide crucial information to buyers and sellers, and so have always been critical to a competitive economy and antitrust law. But the emergence of new online information-harvesting technology and instantaneous transmission of pricing information may lead to new versions of antitrust issues, including anticompetitive price fixing arrangements and disputes about distributors’ pricing. Pricing Algorithms […]

How Pricing Bots Could Form Cartels and Make Things More Expensive | Harvard Business Review

How Pricing Bots Could Form Cartels and Make Things More Expensive | Harvard Business Review

How competitive is our market economy? Not as much as it ought to be. And the growth of big data threatens to make things even worse. Antitrust regulators already struggle to keep markets competitive. How will they fare in a world where intelligent pricing algorithms subtly collude with one another? Before we get to how pricing algorithms might collude, […]

WA electricity retailer Synergy accused of misusing market power | Australian Broadcasting Corporation

WA electricity retailer Synergy accused of misusing market power | Australian Broadcasting Corporation

ERM urged the State Government to take action to ensure both Synergy’s customers and competitors were offered the same prices. In the absence of such action, ERM threatened to take the matter to the Australian Competition and Consumer Commission. “ERM would prefer that the Government intervene to resolve and correct this anti-competitive behaviour, without the […]