http://phys.org/ en-us Phys.org internet news portal provides the latest news on science including: Physics, Nanotechnology, Life Sciences, Space Science, Earth Science, Environment, Health and Medicine. (Phys.org) -- Rapid increases and unpredictable fluctuations in gas prices annoy many drivers, especially since it may seem that oil companies are secretly conspiring to keep prices high by forming a cartel in an effort to increase their profits. But a new study shows that cartel-like price dynamics of certain commodities, such as gasoline, can emerge spontaneously in a strategic model without any collusion among the sellers. The finding doesn’t necessarily mean that companies don’t intentionally form cartels, but the possibility of self-organized cartel formation could have implications for market regulations. http://phys.org/news259487643.html Physics Thu, 21 Jun 2012 08:54:23 EST news259487643