Re:DOJ Files Antitrust Suit Against RealPage, Maker of Rent-...
by brookst on Monday August 26, 2024 @11:44AM
(#41358296)
> It's my understanding that this software does that.
Well, sort of. Except your competitor uses the same software, so it calculates prices for both of you. Meaning you don’t have to collude with your competitor, you both outsource the collusion to a third party who takes a cut from the increased revenue you both see.
For more background look up “price signaling”, which was a lower tech way for competitors to mutually raise prices without direct communication. It has also been found to be illegal.
Well, sort of. Except your competitor uses the same software, so it calculates prices for both of you. Meaning you don’t have to collude with your competitor, you both outsource the collusion to a third party who takes a cut from the increased revenue you both see.
For more background look up “price signaling”, which was a lower tech way for competitors to mutually raise prices without direct communication. It has also been found to be illegal.