{"content":{"sharePage":{"page":0,"digests":[{"id":"47937572","dateCreated":"1323481580","smartDate":"Dec 9, 2011","userCreated":{"username":"Steve_Speece","url":"https:\/\/www.wikispaces.com\/user\/view\/Steve_Speece","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1316392514\/Steve_Speece-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47937572"},"dateDigested":1532762631,"startDate":null,"sharedType":"discussion","title":"Summary (Nasdaq & Collusion)","description":"Jason discusses the Nasdaq case from the text and the alleged collusion among major market makers setting bid and ask prices for certain stocks. The effect of this collusion was to engineer intraday trading volatility within certain price ranges. Jason goes on to define collusion and situations\/environments in which collusion is most likely to occur.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"45688298","dateCreated":"1320533006","smartDate":"Nov 5, 2011","userCreated":{"username":"RWentink","url":"https:\/\/www.wikispaces.com\/user\/view\/RWentink","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/45688298"},"dateDigested":1532762631,"startDate":null,"sharedType":"discussion","title":"Collusion, Exclusion and Random Order Bargaining.","description":"This article might be helpful:
\nhttp:\/\/www.stanford.edu\/~isegal\/collusion.pdf<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"45112480","dateCreated":"1319724544","smartDate":"Oct 27, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/45112480"},"dateDigested":1532762632,"startDate":null,"sharedType":"discussion","title":"Quebec Anti-Collusion Case","description":"\u201cFor a lot of people, colluding, defrauding the government, increasing prices and shoving aside the competition, that\u2019s just the way business is done,\u201d he said. \u201cTrying to prove it is an enormous burden.\u201d
\n
\nhttp:\/\/news.nationalpost.com\/2011\/09\/27\/quebec-anti-collusion-head-calls-for-construction-industry-inquiry\/<\/a>","replyPages":[{"page":0,"digests":[{"id":"45112836","body":"
\nWASHINGTON \u2014 Leon E. Panetta, the director of the Central Intelligence Agency, confronted Pakistani intelligence officials face to face with what the United States believes is evidence of collusion between Pakistani security officials and militants staging attacks in Afghanistan, an American counterterrorism official said Saturday.
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\nRelated
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\nTimes Topic: Pakistan
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\nDuring an unannounced trip to Pakistan\u2019s capital on Friday, Mr. Panetta met with the leader of the Pakistani intelligence service, Lt. Gen. Ahmed Shuja Pasha, and showed him satellite photographs and other evidence of what the C.I.A. believes to be two facilities for the manufacture of bombs used by militants based in Pakistan against American forces in Afghanistan, the official said. The bomb facilities were in the northwestern districts of North and South Waziristan, both havens for militants.
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\nThe official said Mr. Panetta was compelled to confront General Pasha after the C.I.A. alerted the Pakistanis about the existence of the bomb-making facilities several weeks ago and asked them to raid the locations. But when the Pakistani Army showed up, the militants were gone, making the C.I.A. suspicious that the militants had warning from someone on the Pakistani side.
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\n\u201cThe targets seem to have been tipped off,\u201d the American official said, adding, \u201cThere are indications that some senior Pakistani officials aren\u2019t happy about it, and neither are we, of course.\u201d
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\nA senior Pakistani official said Saturday that at first there was no reason for Pakistan to be suspicious that the bomb makers had disappeared. \u201cExtremist groups often move locations,\u201d the official said. But, the official said, \u201cnow that the U.S. side has drawn our attention to the possibility of the Taliban being tipped off between the day the intelligence was shared and the day of our military action, we will work on finding out what happened.\u201d
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\nBoth officials spoke on condition of anonymity to discuss sensitive intelligence matters.
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\nMr. Panetta\u2019s meeting with General Pasha and the theory that there was a tip-off about the bomb-making facilities were first reported by Time magazine.
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\nTensions between the United States and Pakistan have worsened since the American military raid that killed Osama bin Laden near the Pakistani capital last month. American officials say they have uncovered no evidence that anyone in Pakistan\u2019s senior leadership knew about Bin Laden\u2019s hiding place, although the departing defense secretary, Robert M. Gates, said recently that he thought \u201csomebody\u201d in Pakistan knew.
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\nAmerican officials did not tell Pakistan about the raid until afterward.
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\nAmerican intelligence and military officials have long said that elements of Pakistan\u2019s intelligence service have close links to Pakistani insurgents and the Pakistani Taliban. American officials say Pakistan supports the insurgents as a proxy force in Afghanistan, preparing for influence after American soldiers leave.
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\nMr. Panetta, who is due to replace Mr. Gates as defense secretary on July 1, said during his confirmation hearing last week that Pakistan, an important American ally, also remained a serious problem.
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\nHe told the Senate Armed Services Committee that the relationship with Pakistan was \u201cone of the most critical, and yet one of the most complicated and frustrating relationships that we have.\u201d Mr. Panetta added that Pakistan\u2019s nuclear weapons remained a concern because of \u201cthe danger that those nukes could wind up in the wrong hands.\u201d
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\nDeadly Bombings in Peshawar
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\nPESHAWAR, Pakistan (AP) \u2014 Two explosions took place minutes apart in the northwest Pakistani city of Peshawar on Sunday, killing at least 34 people and wounding nearly 100 in one of the deadliest attacks since the Navy Seal raid that killed Osama bin Laden last month, officials said.
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\nThe blasts, one of which was caused by a suicide bomber, occurred just after midnight in an area of the city that is home to political offices and army housing.
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\nThe first explosion was relatively small and drew police officers and rescue workers to the site, said Dost Mohammed, a senior local police official. A few minutes later, a suicide bomber on a motorcycle set off a large bomb, causing the fatalities and wounding 98 people, 18 critically, said Rahim Jan, a doctor nearby.","dateCreated":"1319724753","smartDate":"Oct 27, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}},{"id":"45187466","body":"3.2 Non-cooperative collusion in the legal form
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\nhttp:\/\/www.oup.com\/uk\/orc\/bin\/9780198297284\/chap03.pdf<\/a>","dateCreated":"1319810258","smartDate":"Oct 28, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}},{"id":"45187680","body":"http:\/\/www.google.com\/hostednews\/afp\/article\/ALeqM5jULF01bxTfSe8biw2M67TDhSCkMQ?docId=CNG.f2d52794fdaa772db549405357a24dd8.361<\/a>","dateCreated":"1319810426","smartDate":"Oct 28, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}},{"id":"45341290","body":"http:\/\/www.newsmax.com\/Newsfront\/opec-cartel-illegal\/2009\/12\/12\/id\/341497<\/a>","dateCreated":"1320090008","smartDate":"Oct 31, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}},{"id":"46419066","body":"
\nRecently, I was asked for a general link of collusion and the stock market. What is the possible connection of the two? Numerous definitions define collusion. One definition of collusion is as an attempt to disrupt the market equilibrium between two entities in a non-competitive agreement. How can collusion potentially take the form in the stock market:
\n - Colluding traders that share private information to benefit from a possible takeover
\n - Allowing others to benefit from insider trading
\n - Pricing rigging; inflating the price of assets to realize the higher profits","dateCreated":"1321452863","smartDate":"Nov 16, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}},{"id":"46419394","body":"Ruling was: Pipemakers colluded by assigning certain cities to specified producers thus reducing competition among its members.
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\nhttp:\/\/caselaw.lp.findlaw.com\/cgi-bin\/getcase.pl?court=us&vol=175&invol=211<\/a>","dateCreated":"1321453135","smartDate":"Nov 16, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}},{"id":"46425532","body":"I ran across this article about collusion from:
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\nhttp:\/\/www.justice.gov\/atr\/public\/guidelines\/211578.htm<\/a>
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\n It notes the following:
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\n"While collusion can occur in almost any industry, it is more likely to occur in some industries than in others. An indicator of collusion may be more meaningful when industry conditions are already favorable to collusion."","dateCreated":"1321457165","smartDate":"Nov 16, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}},{"id":"47241138","body":"OLIGOPOLY:
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\n"A market structure characterized by a small number of large firms that dominate the market, selling either identical or differentiated products, with significant barriers to entry into the industry. This is one of four basic market structures. The other three are perfect competition, monopoly, and monopolistic competition. Oligopoly dominates the modern economic landscape, accounting for about half of all output produced in the economy. Oligopolistic industries are as diverse as they are widespread, ranging from breakfast cereal to cars, from computers to aircraft, from television broadcasting to pharmaceuticals, from petroleum to detergent."
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\nBehavior
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\nCollusion: Another common method of cooperation is through collusion--two or more firms that secretly agree to control prices, production, or other aspects of the market. When done right, collusion means that the firms behave as if they are one firm, a monopoly. As such they can set a monopoly price, produce a monopoly quantity, and allocate resources as inefficiently as a monopoly. A formal method of collusion, usually found among international produces is a cartel.
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\nSource: http:\/\/www.amosweb.com\/cgi-bin\/awb_nav.pl?s=wpd&c=dsp&k=oligopoly<\/a>","dateCreated":"1322667533","smartDate":"Nov 30, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}},{"id":"47244906","body":"
\n"The finding that a nonbinding price ceiling
\nmay facilitate tacit collusion has important policy implications. For example, price caps recently have been imposed in the electricity
\nindustry to curb prices during peak demand
\nperiods.60 However, the high day-to-day variance of electricity demand implies that these price caps frequently will be nonbinding. Our results imply that any welfare analysis of the
\ncaps should consider the possibility that firms might use them to facilitate tacit collusion"
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\nSource: http:\/\/www.jstor.org\/stable\/pdfplus\/3132148.pdf?acceptTC=true<\/a>","dateCreated":"1322669565","smartDate":"Nov 30, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}}],"more":0}]},{"id":"44255696","dateCreated":"1318600915","smartDate":"Oct 14, 2011","userCreated":{"username":"ctsimpson","url":"https:\/\/www.wikispaces.com\/user\/view\/ctsimpson","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/44255696"},"dateDigested":1532762632,"startDate":null,"sharedType":"discussion","title":"Nasdaq Case-Sherman Act","description":"Here is an article related to price fixing and bid rigging. An importance piece of economic legislation noted as the The Sherman Act is mentioned.
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\nhttp:\/\/www.justice.gov\/atr\/public\/guidelines\/211578.htm<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]}],"more":false},"comments":[]},"http":{"code":200,"status":"OK"},"redirectUrl":null,"javascript":null,"notices":{"warning":[],"error":[],"info":[],"success":[]}}