Cartels: anticompetitive formal/informal collusion by Marcus McQUISTON https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk Cartels: case studies ses pp168/169 pp 176-178 in Bamford en-us 2019-02-11 07:54:16 UTC 2019-02-13 11:37:29 UTC hello@padlet.com Q1: What is the evidence for CONSPIRING? marcus_mcquiston1 https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/329751534 2019-02-11 08:04:00 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/329751534 Q2: What is the METHOD of collusion marcus_mcquiston1 https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330401655 2019-02-12 16:02:47 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330401655 marcus_mcquiston1 https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330406646 https://visuwords.com/]]> 2019-02-12 16:11:35 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330406646 Method: https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330734625 they [price-fixing cartel in the Burnham-on-Sea area] agreed to set minimum commission rates for residential property sales at 1.5%]]> 2019-02-13 10:30:48 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330734625 Evidence https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330735106 Complaints from customers about not getting a good deal]]> 2019-02-13 10:32:24 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330735106 Evidence https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330735192 "I just cannot see, why on earth, any one of us would think it is a good idea to give ourselves a 25%-30% pay cut for doing exactly the same job that we were doing last year???"]]> 2019-02-13 10:32:41 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330735192 Evidence https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330735774 Each agent also took it in turn to ‘police’ the cartel. Cartel members would report issues to the ‘policeman’, who would make sure everyone was sticking to the agreement]]> 2019-02-13 10:34:30 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330735774 The method https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330737051 bid-rigging]]> 2019-02-13 10:38:37 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330737051 Evidence https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330737162 This activity is a form of bid-rigging under which competitors share out the market between them instead of competing fairly and offering the best deal to win or keep customers.]]> 2019-02-13 10:39:08 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330737162 How this broke the law https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330737823 Market sharing, bid-rigging and exchanging competitively sensitive information distorts the market so businesses don’t have to compete fully for customers.]]> 2019-02-13 10:41:29 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330737823 they agreed that one of them would deliberately submit a higher bid that was designed to lose, so that the existing supplier could retain its customer. https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330738152 2019-02-13 10:42:57 UTC https://padlet.com/marcus_mcquiston1/eyr6rwrdblsk/wish/330738152