RES-ECON 162 Lecture Notes - Lecture 23: Online Gambling, Treble Damages, Capitalism
19 Apr 2016
School
Department
Course
Professor
Document Summary
Baseball and health insurance companies have been exempt and lower prices. Price fixing- setting a price for the market, completely illegal. Retail price maintenance (vertical price fixing)- manufacturer telling the retailers to not lower their price below x; illegal. Group boycott- when some of the companies of a product tell retailers to boycott one company and if they don"t then they will boycott selling to the retailer. Allocation of customer, markets, and territories (horizontal division of. Markets)- trying to get people to stay shopping in their area/territory. Exclusive dealing agreements- large manufacturer contracting with a a specialty ingredient maker to sell exclusively to them which raises all the other companies prices. Inversions-are when a company buys a business across the world and moves their headquarters there so they can cut tax bills. Consumer protection concerned with fundamental nature of seller-consumer relationship. Consumer protection is in best intrest of all citizens, everyone consumers.
