Sotheby's competes with Christie's in much the same way that one plastic surgeon competes with another; people tend to entrust their chins and their estate sales to the guy they know, not to the quack with the lowest price... [The two auction houses] were in a business tailor-made for what economists call "conscious parallelism" — price-fixing without the smoke-filled room..
The value of G is undetermined or infinite when I2 = I1, i.e., perfect parallelism of price movements in the two markets, meaning perfect market integration.
We highlight the price parallelism of British suppliers whatever the trend of wholesale prices.
This is the price of the parallelism of the priority queue.
The result is a "conscious parallelism" that leads to higher prices.
According to Ezrachi and Stucke, these agents, when adopted by multiple actors, "more easily reach a tacit agreement, detect breaches and punish deviations". The result is a "conscious parallelism" that leads to higher prices.
This is called parallel construction, or parallelism, and in this example it's working just fine.
Sequential price hikes can be attacked as "conscious parallelism," a tacit agreement by an oligopoly to follow a price leader.
Furthermore, parallelism is achieved at no extra energy cost.
Their low price in conjunction with C style parallel programming tools, like CUDA (Compute Unified Device Architecture), allow the programmers, even non-programmers, to exploit the fine grain parallelism power of GPU conveniently.
In affirming, the Court of Appeals held that the dynamic of conscious parallelism among oligopolists could not produce competitive injury in a predatory pricing setting.
