Collusion in oligopolies: The Italian Council of State says that ferry companies did not agree to increase fares for the Sardinia-Continental Italy maritime links (Sardinia Ferries Fares)
By a recent judgment ( Case 4123/2015,Autorità Garante della Concorrenza e del Mercato v GNV and others(Sardinia Ferries Fares ), the Italian Council of State (CS) has reversed the decision made by the Italian Competition Authority (ICA) in the Sardinia Ferries Fares . The ICA had penalized four ferry companies - Moby, SNAV, Grandi Navi Veloci and Marinvest- for agreeing with a concerted practice to increase the fares for the 2011 Summer season for a number of maritime links between Sardinia and Continental Italy. The ICA based its infringement finding on the parallel pricing policies applied by the parties as well as on the absence of alternative rational explanation of such behaviour and some contacts occurred among the ferry companies ( the CIN joint-venture set up by Moby, GNV and SNAV to bid for the purchase of Tirrenia, an ailing competitors then owned by the State, and two commercial agreements concluded between GNV and Moby). The CS hold that the ICA did not prove the...