Tag: Price Fixing

Bread price fixing scandal: Sobeys fires back at Loblaw and Galen Weston | Macleans.ca

Bread price fixing scandal: Sobeys fires back at Loblaw and Galen Weston | Macleans.ca

Earlier this week, Loblaw Cos Ltd. and its parent company George Weston Ltd. admitted to participating in a 14-year price-fixing conspiracy that inflated the cost of bread on the shelves of nearly every major grocery chain in Canada. On Friday the Globe and Mail obtained a copy of a letter sent to Loblaw CEO Galen Weston Jr. […]

Comment: Price-fixing of bread would be hard to prove | Times Colonist

Comment: Price-fixing of bread would be hard to prove | Times Colonist

Demonstrating beyond a reasonable doubt that grocers are colluding to keep retail prices artificially high is almost impossible. Several attempts have been made in the past, with mixed results. Grocery stores carry on average more than 15,000 different products, and prices can be affected by an array of factors: commodity prices; energy and labour costs; […]

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 […]

Law Professor: Online Shopping Growth Has Upped Price-Fixing Threat | Tennessee Today

Law Professor: Online Shopping Growth Has Upped Price-Fixing Threat | Tennessee Today

Online retailers have long employed a dynamic pricing model that’s now making its way to traditional retail stores. Through the use of artificial intelligence software, retailers gauge when to raise or lower prices based on shoppers’ spending habits and when they are more likely to buy. This shift to implement pricing algorithms should raise concerns […]

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 […]

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 […]

Artificially intelligent pricing raises competition red flags about colluding robots | afr.com

Artificially intelligent pricing raises competition red flags about colluding robots | afr.com

Artificial intelligence and algorithmic pricing have opened up new frontiers for price-fixing. The use of artificial intelligence (AI) to determine your pricing is not novel; rather, it is now essential if you want to be, and remain, competitive. But when will using algorithm-based software to make you highly competitive on price also lead you down […]

Are Retailers Killing True Free-Market Pricing? | Talkmarkets

Are Retailers Killing True Free-Market Pricing? | Talkmarkets

On the surface, online shopping seems to favor shoppers. It’s easy to compare prices, shipping cost and time, sales tax, and other factors to get the best deal. Retailers have to offer lower prices to make you buy, right? Well, maybe. Last week, I read a fascinating Atlantic Monthly article by Jerry Useem: “How Online Shopping Makes […]

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 […]