Tag: Price Fixing

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 […]

Apple accused of counter-revolutionary pricing in Russia | The Register

Apple accused of counter-revolutionary pricing in Russia | The Register

Russia’s anti-monopoly regulator has taken a bite out of Apple, finding that Cupertino’s local outpost fixed iPhone prices in the country. The Federal Antimonopoly Service’s (FAS) investigation found that the company fixed iPhone 5 and iPhone 6 products in the retail supply chain. Not only does the FAS say Apple set retail prices for 16 […]

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, […]

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 […]