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totally wide open, barrier-free market. that's the "beauty" of the Overture model (from their perspective, anyway). low barriers to entry mean anyone can play.
so as soon as you make a move to lower rates, some 3rd party will jump in the game and ruin the cartel. even if only for a few days. but a new player every week still screws up any efforts to price fix. :(
>as soon as you make a move to lower rates, some 3rd party will jump in the game and ruin the cartel...
Exactly what happened!
Again, this wouldn't work for viagra, car loans, real estate, or anything that dabbles into affiliate programs. I was thinking more of terms like 'camero parts', and 'steinway pianos'.