conscious parallelism


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 other than price. For example, one airline starts to require double miles for domestic trips and other airlines follow suit.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.


conscious parallelism
n. A decision by a business, made independently and without any agreement with a competitor, to follow a particular course of conduct that a competitor has already taken.
See also conspiracy.

Webster's New World Law Dictionary. . 2000.

conscious parallelism
n.
   an undiscussed imitation by a business of a competitor's action, such as changing prices up or down without the active conspiracy between business rivals, which would make this coincidental activity a violation of anti-trust laws. Example: a) Air Chance Airline offers a two-for-one special for all flights over 1,000 miles, and, within a week, several other airlines offer the same bargain. b) Rumble Oil Company stations set gasoline prices at $1.38 for premium and the next day all gas stations in the Rumble market area set their pumps at $1.38. Coincidence? No, conscious parallelism.

Law dictionary. . 2013.

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