Anti-Competitive


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Anti-Competitive

A practice intended to subvert or eliminate competition. Many analysts believe competition is good for customers because it encourages companies to offer better quality products and/or lower prices. Anti-competitive measures, like price fixing or collusion, remove this incentive and thereby hamper innovation and growth. Many countries have laws banning or limiting anti-competitive activities, though opponents, notably Ayn Rand and her followers, argue that they encourage economic inefficiency and punish success.
References in periodicals archive ?
However, PCC officials pointed out that if the P10 billion notification threshold was used in 2017, it would mean some potentially anti-competitive transactions would have been overlooked at the expense of the over-all market and its consumers.
Importantly, the policy details the actions that CRA can take if a service provider is found to have infringed the prohibition on abuse of dominant positions or anti-competitive behaviour.
Businesses, whether big or small, will now be on equal footing as the law penalizes anti-competitive agreements and abuses of dominant players," stressed Sen.
If the allegations are proven to be anti-competitive, it would be a breach of Canadian anti-trust laws and bring in dire consequences for the company.
In 2008 and 2009, it conducted an extensive investigation in the sector that resulted in a report, in July 2009, spelling out which practices were potentially anti-competitive and in the opening of several procedures, including this one.
British global financial services organisation Barclays on Wednesday announced that it has reached a settlement with the European Commission in relation to anti-competitive conduct concerning Euribor.
Hyundai claimed that though CCI had initially received complaints against three companies - Honda, Volkswagen and Fiat of following anti-competitive practices, the regulator had expanded the investigations to the entire car industry, the Economic Times said.
The report of the Energy and Climate Change Committee said: We find it unsatisfactory that Ofgem should be so hesitant about launching preliminary investigations into potentially anti-competitive behaviour.
The NCC has cited anti-competitive practices by operators for its action.
Visa and MasterCard were named defendants in a number of lawsuits recently alleging that they are fixing prices and engaging in anti-competitive behavior.
MANAMA: The Telecommunication Regulatory Authority (TRA) has issued notices to mobile operators Batelco and VIVA over complaints that the companies are implementing anti-competitive practices in some international markets.
5m) in damages to local cable TV and Internet operator Numericable for anti-competitive practices in 2001-2002, daily La Tribune reported today without disclosing its sources.