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The principle of collusion: firms give up deviation gains in the short term in exchange for continued collusion in the future. Collusion occurs when companies place more emphasis on future profits Collusion is easier to sustain when the choice deviates from the maximum profit to be gained is lower (i.e. the penalty profit is lower) and the ...
The collusion of government officials and entrepreneurs [1] (simplified Chinese: 官商勾结; traditional Chinese: 官商勾結), or government–commercial corruption, [2] official-business collusion, [3] most generally translated as government-business collusion, [4] is a term with a negative connotation [5] that generally refers to the government or individual officials who show favoritism ...
For example, if two people think a law is unconstitutional, one might sue another in order to put the lawsuit before a court which can rule on its constitutionality. . Because courts generally reserve jurisdiction for situations in which there is an actual case or controversy – i.e., a real dispute between the parties – where such a suit is suspected, the court may refuse to exercise juris
To establish whether a crime was committed by members of the Trump campaign with regard to Russian interference, investigators "applied the framework of conspiracy law", and not the concept of "collusion", because collusion "is not a specific offense or theory of liability found in the United States Code, nor is it a term of art in federal ...
A form of collusion, a conspiracy may also refer to a group of people who make an agreement to form a partnership in which each member becomes the agent or partner of every other member and engage in planning or agreeing to commit some act. It is not necessary that the conspirators be involved in all stages of planning or be aware of all details.
In politics, a cartel party or cartel political party is a party which uses the resources of the state to maintain its position within the political system, operating similar to a cartel. [1] The premise is that the parties do not compete with one another, but rather collude to protect their collective interests and keep small outsider parties ...
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Preventing collusion and cartels that act in restraint of trade is an essential task of antitrust law. It reflects the view that each business has a duty to act independently on the market, and so earn its profits solely by providing better priced and quality products than its competitors.