price-fixing


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price-fixing

the setting of prices by agreement among producers and distributors
References in periodicals archive ?
However, of the cases the Full Court provided as examples, only two involved price-fixing.
Many price-fixing cartels have a hierarchical structure in which high-level decisions are made by senior executives while the cartel's day-to-day operations are carried out by lower-level managers and salespeople within each member firm.
Supermarkets including Sainsbury's and Asda, were fined pounds 116m for their part in price-fixing dairy prices by pounds 270m in 2002 and 2003.
Price-fixing is a tricky policy which will only encourage more and more demands - with good justification - for price fixing and the next natural move and demand will be for government subsidies.
Under section 188 it is an offence dishonestly to agree businesses will engage in certain cartel activity, namely price-fixing, limiting supply or production, market-sharing and bid-rig ging.
Mr Maycock denied price-fixing at the time and last night refused to comment.
Under section 188 of the Act it is an offence for individuals dishonestly to agree that businesses will engage in certain types of cartel activity, namely price-fixing, limiting supply or production, marketsharing and bid-rigging.
In February this year, BA and Virgin agreed to settle a US class-action lawsuit which a firm representing plaintiffs said could see the two carriers paying more than pounds 100 million to passengers affected by the price-fixing.
Price-fixing has no other function than to restrict competition."
Under the price-fixing arrangement, the makers raised the prices of their zinc-coated steel sheet products to be sold to sheet processors and building materials makers by 3 to 15 yen per kilogram.
''Fifteen airlines and three executives have been prosecuted to date for their participation in price-fixing agreements that inflicted a heavy toll on American businesses and consumers as well as the global economy,'' said Scott Hammond, acting assistant attorney general in charge of the department's Antitrust Division.
In January executives from LG Display and Chunghwa Picture Tubes agreed to plead guilty and serve jail time in the United States for participating in the global price-fixing conspiracy.