this post was submitted on 02 Nov 2023
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14 big landlords used software to collude on rent prices, DC lawsuit says (arstechnica.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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14 big landlords used software to collude on rent prices, DC lawsuit says::Suit claims employees were told pricing outside the algorithm was "unacceptable."

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[–] teegus@sh.itjust.works 11 points 2 years ago

To be fair, in perfect competition prices for a homogenous product would be the same everywhere.

But the reason for it in reality is that tacit collusion is not illegal (and even if they break the rules and make deals, which happens, it is hard to prove. but you don't need explicit deals for prices to end up being the same). there has been many studies done on the gas market in partucular.