News for hackers. Stuff that matters.
Re:The Price-Fixing Economy by coding123 on Friday October 13, 2023 @04:54AM (#37868379)
Been saying this for a while, cottage industries for "price information" is acting an an insulator from being caught as colluding.

Gas, rent, poultry, dairy and many others. And Organic food is all owned by only a few companies.

Re:The Price-Fixing Economy by ansmithz42 on Friday October 13, 2023 @05:46AM (#37868723)
Remember: Bigger is Better Economies of Scale

They both benefit the few and sacrifice the many but are sold as ways to "reduce" costs and hence prices for the masses.

Re:The Price-Fixing Economy by twoodfin on Friday October 13, 2023 @07:59AM (#37869607)
Collusion in general doesn’t work if there’s not a mechanism to punish defection—or government regulation to prevent it!

I don’t see what that mechanism or regulation would be for, say, pork prices. It seems far more likely that accurately collated pricing information is simply driving efficiency for each individual supplier.

Re:The Price-Fixing Economy by Jensson on Friday October 13, 2023 @09:54AM (#37870634)
That is just naive game theory. Humans can actually cooperate if cooperating makes everyone better off even if game theory says they shouldn't cooperate, has been tested and shown to be true over and over.

So the question is if the companies collectively benefits from colluding? If yes then they probably will do so, at least when the number of competitors are small and inhouse alternatives are expensive.

Re:The Price-Fixing Economy by Kinrany on Friday October 13, 2023 @09:54AM (#37870641)
If all your competitors match your prices with no delay, lowering prices gives you no competitive advantage but makes your margins worse.