Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
 Your new post is loading...
Your new post is loading...
Scoop.it!
BMW, Daimler and VW are being investigated to see if they agreed to restrict emissions control systems. Via Graham Watson 
Scoop.it!
Competition and Markets Authority says it has found evidence of collusion by sellers on sites such as Amazon
Archie Barker's curator insight,
February 21, 2017 11:46 AM
This article shows that collusion is not just a problem for big, multinational companies. New technology such as the Internet has made it easier for smaller sellers to collude as well. This means that consumers are not getting as good a deal as they would be online. Moreover, it is far harder for the CMA to track this anti-competitive behaviour. However, it has been able to fine poster seller TRIB £160,000
|
Scoop.it!
EU investigators are looking into allegations of a cartel involving BMW and four other German car giants.
|
Massive news in the car industry, in that EU authorities are looking into the possibility that leading German manufacturers colluded in agreeing to restrict emission controls systems prior to the VW scandal.
It's not beyond the realms of possibility: the oligopolistic market structure might sometimes result in collusive outcomes and it would benefit the firms if it reduced their costs of investing in 'clean' technology.
My only observation is that, by now, the firms will have had plenty of time to construct a counter case, and I'd also be sceptical about the existence of all of the evidence after this time.