this post was submitted on 02 Nov 2023
367 points (99.5% liked)

Technology

73370 readers
5365 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws
367
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
16 comments fedilink hide all child comments
 

14 big landlords used software to collude on rent prices, DC lawsuit says::Suit claims employees were told pricing outside the algorithm was "unacceptable."

you are viewing a single comment's thread
view the rest of the comments
[–] 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.