Salmon farmers in Scotland in price-fixing inquiry

EU competition authorities suspect that there's something fishy goingon in the market for farmed salmon, and have raided a number of producers in Norway, the Netherlands and Scotland.

It might get you thinking about the necessary conditions for price fixing, and other forms of cartel-like behaviour, and whether you think that these conditions apply in this instance.

Owners of salmon farms in Scotland could face fines running into hundreds of millions of pounds if they are found to have breached competition rules. Salmon is really quite expensive in our supermarkets - perhaps some of the reason might be the result of collusive behaviour?

It is not often in the Economics blog that we link to the Aberdeen Bugle - but this is too good an opportunity to miss!