Price Fixing At Auschwitz

February 7, 2016 in Daily Bulletin

price fixing auschwitz

In the 1980s Israel started sending school children to Poland to see Nazi camps such as Auschwitz. These trips are now at the heart of a new scandal writes Adam Taylor:

  • The cost of the trips has long been a sore point for Israeli families. Poorer students can’t afford the US$1,300 usually required.
  • The Israeli government gave tenders to a number of tour operators to manage the trips. Having multiple ones was meant to bring down prices.
  • However Israeli authorities now believe that the companies were illegally coordinating with each other to fix prices and keep profits high.
  • There are also allegations that some of the companies paid bribes.

Read more here.

Source: The Washington Post

Via: Marginal Revolution