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collusion |
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collusion
a secret agreement between opponents at law in order to obtain a judicial decision for some wrongful or improper purpose collusion A secret agreement for illegal or fraudulent purposes. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | From an economic standpoint it is a detail whether the collusive pricing scheme was organized and implemented in such a way as to generate evidence of actual communications. 111) Posner asserts that information-exchanges "foster collusive pricing both by enabling convergence on a single supracompetitive price and by facilitating detection of, and thereby discouraging, sales below that price. Since these firms still may have engaged in some form of price setting, there are still questions about how they were able to maintain collusive pricing without formal price leadership. |
Collusive pricing |
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