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However, depending on the assumptions made in the theoretical model on the information available to all firms, there are some outcomes, based on Cooperative Game Theory, where collusion may have higher efficiency than if firms did not collude. [13] One variation of this traditional theory is the theory of kinked demand. Firms face a kinked ...
Congressional Democrats are investigating whether leading US oil companies have illegally colluded with each other and with OPEC to inflate prices at the pump, CNN has learned.
(Reuters) -The Republican majority in a U.S. congressional committee published a report on Tuesday accusing Wall Street firms of colluding with advocacy groups to force companies to shrink their ...
Beginning in the 2010s, concerns surrounding the market power of the "Big Tech" companies (Amazon, Meta Platforms, and Google) began to mount in the United States. [5]The DOJ had previously sued Apple on two occasions: on e-book prices and over alleged collusion to depress employee salaries with other tech companies.
An example of which was seen in 2007, when British Airways was found to have colluded with Virgin Atlantic between 2004 and 2006, increasing their surcharges per ticket from £5 to £60. [8] Regulators are able to assess the level of market power and dominance a firm has and measure competition through the use of several tools and indicators.
U.S. Senate Majority Leader Chuck Schumer and 22 other Democratic Senators on Thursday asked the Attorney General to investigate allegations of collusion and price fixing between the oil industry ...
One.Tel: Australia: 29 May 2001: Telecomms: After becoming one of the largest Australian public companies, losses of $290m were reported, the share price crashed, and it entered administration. In ASIC v Rich [5] the directors were found not to have been guilty of negligence. Swissair: Switzerland: 2 Oct 2001: Aviation
The jury found the NAR and some of the country's largest real estate brokerage firms entered into illegal agreements that cost home sellers in the state $1.79 billion in losses.