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bdcravenstoday at 8:07 PM2 repliesview on HN

Of course, but that's the thing about "informal" agreements: presumably there's no record of it. Price collusion happens way more than most realize. I was at a trade show for my employer when a competitor walked up to our booth and out loud proposed that we should all fix our prices. We didn't of course, but the brazenness of saying something like that out in the open like was what surprised me.


Replies

axustoday at 10:39 PM

I thought that only happened in hilarious corporate training videos

stavrostoday at 8:28 PM

The good thing about price collusion is that it's hard to coordinate. If even one competitor defects (and they have every advantage to, as they'll win big), then the cartel falls apart.

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