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Bid-rigging
Bid rigging is a fraudulent scheme in procurement auctions resulting in non-competitive bids and can be performed by corrupt officials, by firms in an orchestrated act of collusion, or between officials and firms. This form of collusion is illegal in most countries. It is a form of price fixing and market allocation, often practiced where contracts are determined by a call for bids, for example in the case of government construction contracts. The typical objective of bid rigging is to enable the "winning" party to obtain contracts at uncompetitive prices (i.e., at higher prices if they are sellers, or lower prices if they are buyers). The other parties are compensated in various ways, for example, by cash payments, or by being designated to be the "winning" bidder on other contracts, or by an arrangement where some parts of the successful bidder's contract will be subcontracted to them. In this way, they "share the spoils" among themselves. Bid rigging almost always results in e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auction
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission trading, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administrative Council For Economic Defense
The Administrative Council for Economic Defense (in Portuguese, ''Conselho Administrativo de Defesa Econômica'', often referred to as Cade or CADE) is Brazil's national competition regulator and an agency of the government of Brazil. Its stated goals are "guiding, inspecting, preventing and investigating economic power abuse by exercising a custodial role in its prevention and repression". History On September 10, 1962 CADE was created as an organ of the Ministry of Labor during the government of President João Goulart by Law No. 4,137. From its creation until 1991, it remained largely inactive being used as an instrument of the State. Law No. 8,884, of June 11, 1994, revoked Law No. 4,137 and transformed CADE into a federal agency linked to the Ministry of Justice. In November 2011, Law No. 12,529 was approved, entering into force in May 2012. This law made numerous changes in the autarchy, especially from an organizational and procedural perspective. Structure CADE's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corruption
Corruption is a form of dishonesty or a criminal offense which is undertaken by a person or an organization which is entrusted in a position of authority, in order to acquire illicit benefits or abuse power for one's personal gain. Corruption may involve many activities which include bribery, influence peddling and the embezzlement and it may also involve practices which are legal in many countries. Political corruption occurs when an office-holder or other governmental employee acts with an official capacity for personal gain. Corruption is most common in Kleptocracy, kleptocracies, oligarchy, oligarchies, narco-states, and mafia states. Corruption and crime are endemic sociological occurrences which appear with regular frequency in virtually all countries on a global scale in varying degrees and proportions. Each individual nation allocates domestic resources for the control and regulation of corruption and the deterrence of crime. Strategies which are undertaken in order to c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collusion
Collusion is a deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right. Collusion is not always considered illegal. It can be used to attain objectives forbidden by law; for example, by defrauding or gaining an unfair market advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities. It can involve "unions, wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties". In legal terms, all acts effected by collusion are considered void. Definition In the study of economics and market competition, collusion takes place within an industry when rival companies cooperate for their mutual benefit. Conspiracy usually involves an agreement between two or more sellers to take action to suppress competition between sellers in the market. Because competition am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cartel
A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers. Etymology The word ''cartel'' comes from the Italian word '' cartello'', which means a "leaf of paper" or "placard", and is itself derived from the Latin ''charta'' meaning "card". The Italian word became ''cartel'' in Middle French, which was borrowed into English. In English, the word was originally used for a written agreement between warring nations to regulate the treatment and exchange of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bribery
Bribery is the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty. With regard to governmental operations, essentially, bribery is "Corrupt solicitation, acceptance, or transfer of value in exchange for official action." Gifts of money or other items of value which are otherwise available to everyone on an equivalent basis, and not for dishonest purposes, is not bribery. Offering a discount or a refund to all purchasers is a legal rebate and is not bribery. For example, it is legal for an employee of a Public Utilities Commission involved in electric rate regulation to accept a rebate on electric service that reduces their cost for electricity, when the rebate is available to other residential electric customers. However, giving a discount specifically to that employee to influence them to look favorably on the electric utility's rate increase applications would be consi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Miyazaki Prefecture
is a Prefectures of Japan, prefecture of Japan located on the island of Kyūshū. Miyazaki Prefecture has a population of 1,073,054 (1 June 2019) and has a geographic area of 7,735 Square kilometre, km2 (2,986 sq mi). Miyazaki Prefecture borders Ōita Prefecture to the north, Kumamoto Prefecture to the northwest, and Kagoshima Prefecture to the southwest. Miyazaki, Miyazaki, Miyazaki is the capital and largest city of Miyazaki Prefecture, with other major cities including Miyakonojō, Nobeoka, Miyazaki, Nobeoka, and Hyūga, Miyazaki, Hyūga. Miyazaki Prefecture is located in southeastern Kyūshū on Japan's Pacific coast, with its coastline extending from Nobeoka near the entrance to the Bungo Channel to Shibushi Bay in Kushima. History Historically, after the Meiji Restoration, Hyūga Province was renamed Miyazaki Prefecture. In Japan, Miyazaki Prefecture was first created in 1873 when Mimitsu Prefecture was merged with parts of Miyakonojō Prefecture. The first Miyazaki e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tadahiro Ando
was the Governor of Miyazaki Prefecture is a Prefectures of Japan, prefecture of Japan located on the island of Kyūshū. Miyazaki Prefecture has a population of 1,073,054 (1 June 2019) and has a geographic area of 7,735 Square kilometre, km2 (2,986 sq mi). Miyazaki Prefecture borders ... from 2003 to 2006. In 2009, Ando was convicted of bribe-taking and bid-rigging which were offences that he had committed earlier when he was governor. References Japanese politicians convicted of corruption Governors of Miyazaki Prefecture 1941 births 2010 deaths People convicted of bribery University of Miyazaki alumni People from Miyazaki Prefecture {{Japan-politician-1940s-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enterprise Act 2002
The Enterprise Act 2002 is an Act of the Parliament of the United Kingdom which made major changes to UK competition law with respect to mergers and also changed the law governing insolvency bankruptcy. It made cartels illegal with a maximum prison sentence of 5 years and states that level of competition in a market should be the basis for investigation. Structure *Part 1: The Office of Fair Trading (ss 1-11) *Part 2: The Competition Appeal Tribunal (ss 12-21) *Part 3: Mergers **Chapter 1: Duty to make references (ss 22-41) **Chapter 2: Public interest cases (ss 42-58) **Chapter 3: Other special cases (ss 59-70) **Chapter 4: Enforcement (ss 71-95) **Chapter 5: Supplementary (ss 96-130 *Part 4: Market Investigations **Chapter 1: Market investigation references (ss 131-138) **Chapter 2: Public interest cases **Chapter 3: Enforcement **Chapter 4: Supplementary (ss 168-184) *Part 5: The Competition Commission (ss 185-187) *Part 6: Cartel offence (ss 188-202) *Part 7: Miscellaneous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canton Of Aargau
Aargau, more formally the Canton of Aargau (german: Kanton Aargau; rm, Chantun Argovia; french: Canton d'Argovie; it, Canton Argovia), is one of the 26 cantons forming the Swiss Confederation. It is composed of eleven districts and its capital is Aarau. Aargau is one of the most northerly cantons of Switzerland. It is situated by the lower course of the Aare River, which is why the canton is called ''Aar- gau'' (meaning "Aare province"). It is one of the most densely populated regions of Switzerland. History Early history The area of Aargau and the surrounding areas were controlled by the Helvetians, a member of the Celts, as far back as 200 BC. It was eventually occupied by the Romans and then by the 6th century, the Franks. The Romans built a major settlement called Vindonissa, near the present location of Brugg. Medieval Aargau The reconstructed Old High German name of Aargau is ''Argowe'', first unambiguously attested (in the spelling ''Argue'') in 795. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RAND Corporation
The RAND Corporation (from the phrase "research and development") is an American nonprofit global policy think tank created in 1948 by Douglas Aircraft Company to offer research and analysis to the United States Armed Forces. It is financed by the U.S. government and private endowment, corporations, universities and private individuals. The company assists other governments, international organizations, private companies and foundations with a host of defense and non-defense issues, including healthcare. RAND aims for interdisciplinary and quantitative problem solving by translating theoretical concepts from formal economics and the physical sciences into novel applications in other areas, using applied science and operations research. Overview RAND has approximately 1,850 employees. Its American locations include: Santa Monica, California (headquarters); Arlington, Virginia; Pittsburgh, Pennsylvania; and Boston, Massachusetts. The RAND Gulf States Policy Institute has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Article 101 Of The Treaty On The Functioning Of The European Union
Article often refers to: * Article (grammar), a grammatical element used to indicate definiteness or indefiniteness * Article (publishing), a piece of nonfictional prose that is an independent part of a publication Article may also refer to: Government and law * Article (European Union), articles of treaties of the European Union * Articles of association, the regulations governing a company, used in India, the UK and other countries * Articles of clerkship, the contract accepted to become an articled clerk * Articles of Confederation, the predecessor to the current United States Constitution *Article of Impeachment, a formal document and charge used for impeachment in the United States * Articles of incorporation, for corporations, U.S. equivalent of articles of association * Articles of organization, for limited liability organizations, a U.S. equivalent of articles of association Other uses * Article, an HTML element, delimited by the tags and * Article of clothing, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
