Endangering Friendship Between Competitors
Author: Belit Polat
Publisher:
Published: 2013
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKThe 6th issue of ACTECON Papers deals with rules of information exchange which becomes popular after Turkish Competition Board (TCB) fined automotive companies in 2011. In this issue, the question that every company faces in the business life is answered in comprehensible terms: What is ok and what is not regarding the new understanding of the information exchange? In competition literature, the information exchange between rivals can create both competitive and anti-competitive results regarding the nature of the information. While some information exchanges lead to companies to compete more effectively, the other types may serve as a tool for competitors to behave jointly. In the recent decisions of TCB, it is understood that the renowned issue of information exchanges have been expanded to an unanticipated level, which affected the way companies doing business. The sanction of this decision was also by far the largest fine ever imposed by the TCB. TCB wants the companies to behave independently in the market, thus it is very important to distinguish illegal information exchange dissolve the uncertainty in the market from the legal one. In this article written by Belit Polat, the concept of information exchange is discussed and abstracted with some clear rules for an easy understanding. Please find the 6th issue of ACTECON Papers titled 'Endangering Friendship Between Competitors: The Rules of Information Exchange' attached to this letter.