collusion

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Related to Collusive pricing: colluded, Collusive agreement

collusion

a secret agreement between opponents at law in order to obtain a judicial decision for some wrongful or improper purpose
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

collusion

A secret agreement for illegal or fraudulent purposes.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
of collusive pricing, there is neither legal nor practical
Uniform pricing in the wholesale market for sound recordings may be a rational response to the presence of stochastic demand, and not necessarily a function of collusive pricing by oligopolistic firms.
(109) Market players, therefore, may take all the necessary steps to coordinate their pricing but stop short of any actual "agreement." (110) The most important of such steps is "the exchange of information as to what prices each seller is charging, or charged in the recent past, or intends to charge in the future." (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." (112)