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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 ...
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.
Political views mostly fall into two camps which might be called the socialist and capitalist critique. The socialist position is that crony capitalism is the inevitable result of any strictly capitalist system and thus broadly democratic government must regulate economic, or wealthy, interests to restrict monopoly.
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 ...
Dango refers to collusion in Japanese, or more precisely, "conference", and is an extremely prevalent system in Japan. Dango can be understood as a mutually beneficial system of bureaucracy and government and the private construction industry wherein bid rigging is incredibly common, benefiting colluding firms and officials alike in the form of ...
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.
After 13 years of civil war, Syria's opposition militias sensed an opportunity to loosen President Bashar al-Assad's grip on power when, about six months ago, they communicated to Turkey plans for ...
Clara E. Mattei, assistant professor of economics at the New School for Social Research, posits that austerity is less of a means to "fix the economy" and is more of an ideological weapon of class oppression wielded by economic and political elites in order to suppress revolts and unrest by the working class public and close off any ...