Comment by bostik
3 years ago
Subscribing to a pricing data service: legal.
Using data feed to guide pricing and set initial figures: legal.
Agreeing, either implicitly or explicitly, to let the pricing data feed set the price floor: collusion.
Leaving units unsold and refusing to lower the price despite insufficient demand: usually a bad business decision, possibly indicator of a market failure.
Leaving units unsold to maintain agreed-upon price floor despite insufficient demand: collusion, market manipulation. Congratulations, you are a cartel.
I guess the other way of looking at it is:
What is the value of subscribing to a pricing service where you have no idea how your competitors are using the numbers (over-, match-, under-price)?
Versus what is the value of same, if you know your competitors never under-price?
That value difference is the value of running a cartel.
But we are disrupting markets! Doesn’t that make us trendy and forward thinking??