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Implicit Price Fixing via Prisoner's Dilemma Cooperation
Using Inflation As an Excuse to Raise Prices

exploiting inflation to raise prices even more      web

authorDavid Dayen
publicationAmerican Prospect

Excerpt: If they raise prices in concert, there’s no competitor with the shelf space or profile to change that dynamic, putting consumers at the mercy of profiteering giants. You don’t need CEOs to get into a smoke-filled room to determine price movements; everyone watches one another and knows when to react.

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