Algorithmic pricing is the practice of using formulas to automatically determine prices to maximize profit. When the formulas use personal identifying information in the practice of price determination, it is instead known as surveillance pricing.
The three key federal statutes in Antitrust Law are Sherman Act Section 1, Sherman Act Section 2, and the Clayton Act.
Antitrust violations occur when antitrust laws, or laws protecting trade and commerce from abusive practices such as price-fixing, restraints, price discrimination, and monopolization, are broken. The three key federal statutes in Antitrust Law are Sherman Act Section 1, Sherman Act Section 2, and
A cartel is a group of independent corporations or other entities that join together to fix prices, rig bids, allocate markets, or conduct other similar
The Clayton Antitrust Act of 1914, codified at 15 U.S.C. 12-27, is one of the primary pieces of antitrust legislation in the United States. This act was designed to bolster the Sherman Antitrust Act and outlaws the following conduct:
Collusion is when two or more parties secretly agree to defraud a third-party of their rights or accomplish an illegal purpose.
Collusive bidding refers to an agreement among two or more competitors to change the bids they otherwise would have offered absent the agreement. Where collusive bidding is well established, prices can rise substantially, in some cases by as much as several hundred percent.
Conscious parallelism refers to businesses changing their prices to reflect the prices of competitors within a market without colluding or communicating with competitors.
Disgorgement is a remedy requiring a party who profits from illegal or wrongful acts to give up any profits they made as a result of that illegal or wrongful conduct. The purpose of this remedy is to prevent unjust enrichment and make illegal conduct unprofitable.
