Tag: collusion

Uber drivers gang up to cause surge pricing, research says | The Telegraph

Uber drivers gang up to cause surge pricing, research says | The Telegraph

Uber drivers team up in gangs to force higher prices before they pick up passengers, research has revealed. Researchers at the University of Warwick found Uber drivers in London and New York have been tricking the app into thinking there is a shortage of cars in order to raise surge prices. According to the study. drivers manipulate Uber’s algorithm […]

Uber drivers work together to create price surge and charge customers more, researchers find | The Independent

Uber drivers work together to create price surge and charge customers more, researchers find | The Independent

Uber drivers are deliberately going offline in unison so that prices surge and they can charge customers more when they log back into the app, according to new research. Uber’s so-called dynamic pricing model means that it responds to supply and demand, increasing the cost of a trip at busy times such as when bars […]

Florida probes Tyson Foods, Pilgrim’s Pride on chicken pricing | Reuters

Florida probes Tyson Foods, Pilgrim’s Pride on chicken pricing | Reuters

Top U.S. chicken companies Tyson Foods Inc (TSN.N) and Pilgrim’s Pride Corp (PPC.O) said on Monday that Florida’s attorney general sought information from them regarding a probe into possible anticompetitive behavior, widening a legal review into chicken pricing. Florida Attorney General Pam Bondi’s office has opened an investigation into allegations made in civil lawsuits, filed […]

Tyson says SEC is investigating chicken-pricing allegations | Chicago Tribune

Tyson says SEC is investigating chicken-pricing allegations | Chicago Tribune

Accusations of collusion that have dogged the American chicken industry in recent months took a new turn after Tyson Foods, the country’s largest producer, said the U.S. Securities and Exchange Commission is investigating the allegations and sent it a subpoena. The company said Monday in a filing that based upon the limited information it has, […]

Competition is the best way to fuel growth and end tacit collusion | Herald Sun

Competition is the best way to fuel growth and end tacit collusion | Herald Sun

DO you know which day of the week is cheapest to buy groceries? Or which day is cheapest to buy whitegoods, cars and appliances? Spoiler alert: there isn’t one! So why is there a cheap day to buy petrol? If hundreds of petrol stations really are engaged in dog-eat-dog competition, why do they all raise […]

Policing the digital cartels | Financial Times

Policing the digital cartels | Financial Times

President Barack Obama and leading Democrats such as Senator Elizabeth Warren have expressed concerns about a broader decline in competition in the US economy. Last April, Mr Obama’s Council of Economic Advisors released a report that found growing market share concentration in industries such as transportation, retail trade and insurance, which it blamed for slowing […]

No evidence of collusion in petrol prices: Competition Commission | TODAYonline

No evidence of collusion in petrol prices: Competition Commission | TODAYonline

SINGAPORE — Petrol companies pass on about 70 per cent of wholesale petrol price changes to consumers, the Competition Commission of Singapore (CCS) said on Tuesday (Feb 23), and there is no evidence to suggest the four players here conspire to fix prices, although they do monitor and react to each other’s published prices. The […]

Little-known Lannett tops Fortune’s fastest-growing list, thanks to big price hikes | FiercePharma

Little-known Lannett tops Fortune’s fastest-growing list, thanks to big price hikes | FiercePharma

Even in the world of less-expensive generics, drugs aren’t necessarily cheap, and Lannett operates in some niches where it faces little competition, according to analysts. Lannett’s prices on cardiovascular and migraine meds more than doubled last year, with 150% and 124% increases, Fortune notes. In fact, its aggressive pricing has put Lannett under the Department […]