Price-Fixing


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Price-Fixing

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.

References in periodicals archive ?
(67) In Australian Competition and Consumer Commission v George Weston Foods Ltd (2000) 22 ATPR [paragraph] 41-763, 40 992 ('George Weston'), Goldberg J had the relatively rare task of taking into account previous price-fixing contraventions by George Weston Foods Ltd in 1981 and 1997.
Price-fixing cartels visit a litany of inefficiencies and related harms upon market economies.
In February 2007, the House of Lords threw out an attempt by JJB Sports to soften an OFT penalty handed down in August 2003 for price-fixing of England and Manchester United shirts during 2000 and 2001.
Unscrupulous businessmen will be happy to hear this announcement of price-fixing.
"These price-fixing conspiracies affected millions of American consumers who use computers, cell phones and numerous other household electronics every day," says Thomas Barnett, assistant attorney general in charge of the Department's Antitrust Division during the Bush administration.
They face up to five years in prison and/or an unlimited fine for violations under section 188 of the Enterprise Act 2002, which made price-fixing a criminal offence for the first time when it took effect in 2003.
It is the first time the Office of Fair Trading have offered cash for information and it follows their recent success in exposing a pounds 270million price-fixing scandal.
According to Qantas' CEO, Geoff Dixon, the price-fixing was levied via fuel surcharges in the international air cargo market between 2000 and 2006.
Similar price-fixing actions in the Department of Veterans Affairs' health care system have already denied veterans subject to it access to 81% of drugs approved by the Food and Drug Administration since 2000.
If a messenger model is used improperly, it can facilitate an unlawful price-fixing agreement.
As a result, ticket purchasers may have paid more than they would have in the absence of the price-fixing. ANA denies any liability, although it has pled guilty to fixing the prices of certain discounted tickets.
They may have entered into a price-fixing agreement.