I saw RealPage's crappy rent-jacking-up software so you don't have to

Re:I saw RealPage's crappy rent-jacking-up software so you d... by insane_dreamer on Friday February 24, 2023 @01:27PM (#34927961)

While OPEC is a cartel, it does not fix prices. It reduces or increases supply, and then the market decides price organically based on laws of supply & demand. So not quite the same.

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Re:I saw RealPage's crappy rent-jacking-up software so you d... by moffkalast on Friday February 24, 2023 @01:29PM (#34927985)

...with the intention of fixing prices.

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Re:I saw RealPage's crappy rent-jacking-up software so you d... by IncRnd on Friday February 24, 2023 @02:07PM (#34928543)

That's like saying the sky isn't really blue, when someone asks you the color. "As far as wavelengths go, Earth's sky really is a bluish violet. But because of our eyes we see it as pale blue." [1]

Saying OPEC doesn't fix prices is a nonsense statement that does nothing but split hairs. OPEC engages in price fixing as set forth by the FTC, though they are not subject to the FTC. [2]

Price fixing is a term of art that doesn't just mean the specific price of a sale is fixed. Price fixing can also mean that prices are indirectly fixed by production quotas or capacity. OPEC exists for the very reason to set production quotas or capacity. "OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries" [3]

[1] https://www.forbes.com/sites/briankoberlein/2017/01/11/earth...

[2] https://www.ftc.gov/advice-guidance/competition-guidance/gui...

[3] https://www.opec.org/opec_web/en/about_us/24.htm

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Re:I saw RealPage's crappy rent-jacking-up software so you d... by kortilla on Friday February 24, 2023 @03:03PM (#34929346)

Coordinated supply constraint to drive up prices is price fixing. Price fixing covers any coordinated behavior to affect a market price.

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