conscious parallelism


conscious parallelism
In United States antitrust law, price fixing that occurs without direct communication between the participants, but where the participants instead intentionally follow one another in raising prices to maximize profits at the expense of competitive pricing.

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  • conscious parallelism — Price fixing between competitors that occurs without an actual agreement between the parties. For instance, one company raises its price for a service and other competitors do the same. Can also be used to describe imitative activity over terms… …   Law dictionary

  • Conscious parallelism — Competition law Basic concepts History of competition law Monopoly Coercive monopoly Natural monopoly …   Wikipedia

  • conscious parallelism —    A coincidental (i.e., not prearranged or discussed) imitation by a business of a competitor s action, such as moving prices up or down or making similar special offers. This must be done without active conspiracy between the business rivals,… …   Business law dictionary

  • Parallelism — may refer to:* Angle of parallelism, the angle at one vertex of a right hyperbolic triangle that has two hyperparallel sides * Conscious parallelism, price fixing between competitors in an oligopoly that occurs without an actual spoken agreement… …   Wikipedia

  • parallelism — 1. The state of being structurally parallel. 2. In psychology, the mind body doctrine that for every conscious process there is a corresponding or parallel organic process, without asserting a causal interrelation between the two. [para + G.… …   Medical dictionary

  • Psycho-Physical Parallelism —     Psycho Physical Parallelism     † Catholic Encyclopedia ► Psycho Physical Parallelism     A doctrine which states that the relation between mental processes, on the one hand, and physical, physiological, or cerebral processes on the other, is …   Catholic encyclopedia

  • Psychophysical parallelism — Psychophysical parallelism, in psychology, is the theory that the conscious and nervous processes vary concomitantly whether or not there be any causal connection between them; [web cite|url=http://www.newadvent.org/cathen/11474a.htm|title=Psycho …   Wikipedia

  • Collusion — For other uses, see Collusion (disambiguation). Competition law Basic concepts History of competition law Monopoly Coer …   Wikipedia

  • Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts …   Wikipedia

  • Natural monopoly — A monopoly describes a situation where all (or most) sales in a market are undertaken by a single firm. A natural monopoly by contrast is a condition on the cost technology of an industry whereby it is most efficient (involving the lowest long… …   Wikipedia


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