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Price-Fixing

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.01 sec.

The organized setting of what the public will be charged for certain products or services agreed to by competitors in the marketplace in violation of the Sherman Anti-Trust Act (15 U.S.C.A. § 1 et seq.).

Horizontal price-fixing involves agreements to set prices made among one particular class of sellers—such as producers, wholesalers, or retailers.

Vertical price-fixing occurs between different categories of the sellers of products and services, such as between a manufacturer and wholesaler, wholesaler and distributor, or distributor and retailer.

Cross-references

Antitrust Law.
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The amount of penalty surcharge imposed on the three is the highest in price-fixing cases, topping the 12.
Record penalty surcharge imposed on 3 makers for forming cartel by Japan Weekly Monitor
Australia's competition watchdog said it was launching legal action against Cathay Pacific, accusing the Hong Kong airline of price-fixing in the cargo market.
Watchdog alleges Cathay Pacific fixed prices by AFP / AFP Asian Edition
Three international airlines -- Nippon Cargo Airlines of Japan, South Korea's Asiana Airlines and Luxembourg-based Cargolux Airlines International -- have agreed to plead guilty and pay fines for their roles in a cargo price-fixing scheme, the US government said Thursday.
Three foreign airlines to plead guilty to cargo price-fixing: US by AFP / AFP American Edition
 
 
 
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