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Academic Articles Awards > Economics

Information Exchanges and Price Signaling: An Economic Perspective

Raphaël De Coninck, Bruylant, 2016

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Price signalling has a long history in European Competition law. In the landmark Wood Pulp case, which concerned quarterly public price announcements by wood pulp manufacturers, the European Court of Justice (ECJ) reversed the Commission’s decision and prominently stated that public announcements of future prices did not infringe competition rules and constituted “market behaviour which does not lessen each undertaking’s uncertainty as to the future attitude of its competitors.” The Court further considered in Wood Pulp that the Commission had failed to rule out alternative non-collusive explanations for the observed parallel price movements.

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