The Anticompetitiveness of a Private Information Exchange of Prices
首次证明，竞争者之间私下交换价格信息可能导致消费者面临更高价格，并识别了判断此类信息交换是否具有反竞争性的条件。
Competitors privately sharing price intentions is universally prohibited under antitrust/competition law. In contrast, there is no common well-accepted treatment of competitors privately sharing prices . This paper is the first to show that a private exchange of prices can result in higher prices for consumers. Conditions relevant to determining when such an information exchange is anticompetitive are identified.