price fixing

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price fixing

1. The setting of artificially high prices for goods or services by unlawful agreement of competing companies.

2. Governmental setting of prices for goods or services.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

price′ fix`ing

or price′-fix`ing,

the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.

[1945–50]

price fixing

An illegal arrangement between competitors to set a common minimum price for their products. Price fixing is a conspiracy usually carried out by large corporations that dominate a particular market.

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References in periodicals archive ?

ANTITRUST SECTION, supra note 6, at 25 ("[I]t is highly questionable whether unambiguously criminal conduct such as hard core price fixing can ever be overdeterred."); BREIT & ELZINGA, supra note 45, at 35 ("If horizontal price fixing could be correctly defined, the problem of overdeterrence could not occur since horizontal price fixing has little if any social benefit."); Cavanagh, supra note 16, at 1297 ("The argument that the present system overdeters is more theoretical than real....

Judgment-sharing agreements

Regulators in the United States, the European Union and Australia have been pursuing airlines over alleged air cargo price fixing. Last month Air France KLM and three other airlines agreed to pay fines totalling USD$504 million to settle a case brought by US anti-trust officials.

Air Cargo News

Construction giants Balfour Beatty are among the 112 firms alleged to have taken part in price fixing when bidding for business.

Builders probed

INSIDERS are being offered a pounds 100,000 reward to blow the whistle on price fixing scams.

pounds 100k to smash fix

CUMBRIAN MP Tim Farron has tabled a parliamentary question to the Secretary of State for Business, Enterprise and Regulatory Reform, John Hutton, asking whether the farming industry will see any of the pounds 126m fine handed to Sainsbury's, Asda and big dairy producers for price fixing last week.

farming: MP's question

Meanwhile, JJB Sports pledged to fight on after losing its appeal against a pounds 6.7 million fine for price fixing on replica kits.

Sport and toy giants still in a fix after not playing fair

British Airways under investigation for alleged price fixing. British and U.S.

Company Watch - British Airways

South African Airways has been fined ZAR55m for price fixing and abusing its market position, according to South Africa's Competition Commission.

South African Airways fined for price fixing

JJB SPORTS has vowed to appeal against an pounds 8.3m fine after it was given the red card for price fixing by Britain's consumer watchdog.

JJB to fight pounds 8.3m penalty; Massive fines over prices

M2 EQUITYBITES-July 10, 2019-ANA settles class action lawsuit involving price fixing of airline tickets

ANA settles class action lawsuit involving price fixing of airline tickets

Travel Business Review-July 10, 2019-ANA settles class action lawsuit involving price fixing of airline tickets

ANA settles class action lawsuit involving price fixing of airline tickets

You worry that the scenarios above may pertain to another per se prohibition under Section 14(a)(1) of the PCA: price fixing. Let's break it down.