CJ Jouhal
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An Entrepreneur that leverages technology to grow and enhance a business. A Technologist that understands business and entrpreneurship and makes technology facilitate the business model.

These are my ramblings about business, technology, startups and whatever else.

Agency Agreement Price Fixing

With Covid-19 continuing to influence communities in the United States and prompting many public and local authorities to extend (or reintroduce) country-specific emergency orders and other price restrictions, the idea of federal pricing policy in the United States has become a hot topic of conversation. Events in recent years in liberalized supply sectors have emphasized the relative importance of the public sector, either as an intermediary ignorant of collusive practices or as the party most directly harmed by such practices, as it accounts for a significant share of the demand for goods and services in most economies. Public sector priorities in many such measures are illustrated by the regulation adopted in May 2018 by hong Kong`s Competition Commission, which guides public authorities and law enforcement authorities in identifying signs of anti-competitive practices in the market (including in the form of big rigging, market sharing and price cartels). In 2016, the Spanish Competition Authority (CNMC) imposed fines on seven Chevrolet car dealers and a consulting firm who, between January 2011 and January 2012, exchanged economically sensitive information and set prices (CNMC decision of 28 April 2016, case S/DC/0505/14 Concesionarios (…) In December 2008, the New Zealand Commerce Commission filed a complaint against 13 airlines in the New Zealand High Court. According to the Commission, the airlines have agreed “for more than seven years on agreements to increase the price of freight by imposing fuel taxes”. [31] In 2013, Air New Zealand was the last of the 13 airlines to establish itself. [32] Example: A group of competing optometrists agreed not to participate in a visual aid network unless the network increased reimbursement rates for patients covered by its plan. Optometrists refused to treat patients covered by the network plan, and eventually the company increased reimbursement rates. The FTC said the optometrists` deal was an illegal price deal and that its executives organized an effort to ensure that other optometrists were aware of the agreement and were complying with it.

The intention to set prices may be to raise the price of a product as high as possible, which usually results in profits for all sellers, but may also have the objective of fixing, retaining, discounting or stabilizing prices. The defining feature of price fixing is any agreement on price, explicit or tacit. The High Court granted the ACCC`s appeal in the Flight Centre case and found that Flight Centre attempted to secure price agreements with the airlines when it was their agent. . . .

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