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Form of business rivalry
A price war is a form of market competition in which companies within an industry engage in aggressive pricing activity "characterized by the repeated
Price_war
Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. The price war was triggered by a break-up
2020 Russia–Saudi Arabia oil price war
2020_Russia–Saudi_Arabia_oil_price_war
Spot price of a barrel of benchmark crude oil
price of oil, or the oil price, generally refers to the spot price of a barrel (42 U.S. gallons; 159 liters) of benchmark crude oil—a reference price
Price_of_oil
Market dominated by a small number of sellers
action will begin a price war with other firms. The curve is, therefore, more price-elastic for price increases and less so for price decreases. This model
Oligopoly
Amount of money given in order to purchase a thing or service
A price in economics is the amount of money that buyers are willing and able to pay for a particular good or service, and that sellers are willing to
Price
International petroleum organization
in the oil price war". The Daily Telegraph Limited. Tertzakian, Peter (9 March 2020). "This crude war is about a lot more than oil prices and market share"
OPEC
Deliberately undercutting prices to eliminate competition
Predatory pricing, also known as price slashing, is a commercial pricing strategy which involves reducing the retail prices to a level lower than competitors
Predatory_pricing
Series of computers by Compaq
concurrently for a while. The ProLinea was notorious for touching off a fierce price war in the personal computer market from its launch in June 1992. Under a
Compaq_ProLinea
to avoid "abnormal pricing" practices and prevent a price war. However, just two days later, CAAM retracted the "abnormal pricing" clause due to concerns
Automotive_industry_in_China
Chinese automobile manufacturer
auto market price war stokes fears of industry shake-out". Reuters. Retrieved 29 May 2025. Cheng, Evelyn (29 May 2025). "China's EV price war is heating
BYD_Auto
Character from the Call of Duty franchise
Sloane. Captain Price is based on another character of the same name that appeared in the original Call of Duty (2003), set in World War II. When designing
Captain_Price
Topics referred to by the same term
nine months 2000s energy crisis 2020 Russia–Saudi Arabia oil price war, in which prices declined more than 50% 2022–2023 Russia–European Union gas dispute
Oil_crisis
Economic downturn, primarily due to the COVID-19 pandemic
recession and the accompanying 2020 Russia–Saudi Arabia oil price war led to a drop in oil prices; the collapse of tourism, the hospitality industry, and
COVID-19_recession
Financial market reaction to the COVID-19 pandemic
2020). "Oil prices plunge as much as 30% after OPEC deal failure sparks price war". CNBC. Archived from the original on 9 March 2020. "Oil Prices, Stocks
2020_stock_market_crash
The usage and pricing of gasoline (or petrol) results from factors such as crude oil prices, processing and distribution costs, local demand, the strength
Gasoline and diesel usage and pricing
Gasoline_and_diesel_usage_and_pricing
8-bit home computer introduced in 1982
The price war with Texas Instruments was seen as a personal battle for Commodore president Jack Tramiel. Commodore dropped the C64's list price by $200
Commodore_64
Product sold below cost to stimulate other, more profitable sales
at a price below its minimum profit margin to stimulate other sales of more profitable goods or services. The use of a loss leader is a pricing strategy
Loss_leader
2007 fantasy novel by J. K. Rowling
not only lowering the price of the book. At this point, you are lowering the value of reading." In Malaysia, a similar price war caused controversy regarding
Harry Potter and the Deathly Hallows
Harry_Potter_and_the_Deathly_Hallows
American actor (1911–1993)
Vincent Leonard Price Jr. (May 27, 1911 – October 25, 1993) was an American actor, known to film audiences for his work in the horror genre, mostly portraying
Vincent_Price
in each case the initial price spike proved larger than the eventual sustained increase. The 1990–91 Gulf War saw oil prices decline within about nine
Economic impact of the 2026 Iran war
Economic_impact_of_the_2026_Iran_war
Governmental restrictions on prices
World War II, the Office of Price Administration handled price controls. During the Korean War, the Economic Stabilization Agency instituted price controls
Price_controls
American electronics company
successful and sales topped one million dollars in 1973. A brutal calculator price war left the company deeply in debt by 1974. Roberts then developed the first
Micro Instrumentation and Telemetry Systems
Micro_Instrumentation_and_Telemetry_Systems
Former US federal government agency
of the OPA were originally to control money (price controls) and rents after the outbreak of World War II. President Franklin D. Roosevelt inaugurated
Office of Price Administration
Office_of_Price_Administration
American television game show
The Price Is Right is an American television game show. A 1972 revival by Mark Goodson and Bill Todman of their 1956–1965 show of the same name, the new
The_Price_Is_Right
Home computer by Texas Instruments
by several months. Commodore CEO Jack Tramiel began a price war by repeatedly lowering the price of the VIC-20. In late 1982, TI was shipping 5,000 computers
TI-99/4A
Area of applied ethics
resale price. Price wars: Price wars occur when businesses constantly lower their prices in an attempt to demoralize its competition . Price wars can create
Marketing_ethics
vulnerable economies. The 2026 Iran war caused immediate volatility in energy markets, with Brent crude oil prices surging 10–13% to around $80–82 per
2026_Iran_war_fuel_crisis
Pizza slice sold for one dollar
Avenue of the Americas entered a price war with a nearby dollar slice shop called Bombay Fast Food/6 Ave. Pizza. The price at both establishments reached
Dollar_slice
Anticompetitive agreement to control prices
fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The intent of price fixing
Price_fixing
Significant surplus of crude oil
oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $137 per
1980s_oil_glut
Pizza chain in New York City, US
engaged in a notable price war with a neighboring pizzeria, resulting in a temporary reduction of slice prices to 75 cents. This price war concluded with both
2_Bros._Pizza
Chinese e-commerce company
(or Jingdong, formerly 360buy.com). The competition escalated into a price war in December 2010, with each retailer marking down a wide range of items
Dangdang
American politician and Confederate Army general (1809–1867)
provides the date of birth as September 20, 1809. Price's father and older brother fought in the War of 1812. Sterling attended a now-unknown grammar school
Sterling_Price
1864 military campaign of the American Civil War
Trans-Mississippi Theater of the American Civil War. Led by Confederate Major General Sterling Price, the campaign aimed to recapture Missouri and renew
Price's_Missouri_Expedition
Buying locally made goods or services
consumers with a lower selling price. Less transportation between the supplier and retailer may also reduce the selling price as transportation costs are
Domestic_sourcing
Prices below zero
phenomenon can also occur in energy prices, including electricity prices, natural gas prices, and oil prices. Natural gas prices in the Permian Basin, West Texas
Negative_pricing
In response to the Iraqi invasion of Kuwait
loaned it during the 1980–1988 Iran–Iraq War. In addition, Iraq felt Kuwait was overproducing oil, lowering prices and hurting Iraqi oil profits in a time
1990_oil_price_shock
Method of price control
A price ceiling or price cap is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service
Price_ceiling
Dutch supermarket chain
competition from other chains and they are seen as a response to the Dutch price war among supermarkets [citation needed]. With these new stores, the colours
Coop_(Netherlands)
Oversupply of oil in the 2010s
was a powerful influence in the Saudi decision to launch the price war, as was Cold War rivalry between the United States and Russia. Larry Elliott argued
2010s_oil_glut
Marketing strategy
profitable than selling for a lower price, and avoids the risk of a price war. Non-price competition often occurs in oligopoly, where few firms dominate the
Non-price_competition
American actress and singer (born 1976)
born in Korea. Price's parents were raised together as siblings, as the family adopted the orphaned Haeja from Korea after the Korean War. Haeja and her
Lindsay_Price
Ongoing armed conflict in West Asia
ships passing through the Strait of Hormuz. The war had global economic consequences: oil and gas prices surged, aviation and tourism were disrupted, and
2026_Iran_war
The Brookings Institution, February 2010. Fryer-Biggs, Zachary. head "Price Wars Prompt Firms To Abandon Service Sector."[link removed] Defense News, 9
List_of_defense_contractors
Price-based selling is a specific selling technique in which a business exclusively reduces their price in attempt to close the sales cycle. Price-based
Price-based_selling
Economic supply that exceeds demand
monopoly markets with one manufacturer which upgrade his production line) price wars New entrants to the market with access to cheaper labor, energy, capital
Excess_supply
Economic turmoil associated with the pandemic
Russia–Saudi Arabia oil price war, which after failing to reach an OPEC+ agreement resulted in a collapse of crude oil prices and a stock market crash
Financial market impact of the COVID-19 pandemic
Financial_market_impact_of_the_COVID-19_pandemic
Casualties of ongoing conflict since 2014
Ukrainian soldiers, says doctor". ABC News. "Ukraine war: Tuva and Buryatia pay the highest price, but latest BBC Russian casualty figures show poverty
Casualties of the Russo-Ukrainian war
Casualties_of_the_Russo-Ukrainian_war
Price war and violence over tobacco prices early 1900s Kentucky and Tennessee
ATC practice of paying deflated prices for their product and with the intent to control their own product and pricing by banding together. The initial
Black_Patch_Tobacco_Wars
Global conflict from 1914 to 1918
of German Strategy in 1914". War in History. XXI (2): 194, 211. ISSN 1477-0385. Horne, Alistair (1981) [1964]. The Price of Glory: Verdun 1916 (Abridged ed
World_War_I
Price index for crude oil
Crude Price, or ICP, is a price index for crude oil from Indonesia. The ICP is determined by Dirjen Migas, based on moving average spot price of a basket
Indonesian_Crude_Price
Last British Empire soldier killed in WWI
last soldier of the British Empire to be killed during the First World War. Price was born in Falmouth, Nova Scotia, on December 15, 1892, and raised on
George_Lawrence_Price
Ongoing armed conflict in the Middle East
Gaza war is an armed conflict in the Gaza Strip and Israel, fought as part of the unresolved Israeli–Palestinian and Gaza–Israel conflicts. The war began
Gaza_war
American singer (1926–2013)
World War II. Price was drafted in 1944 and served in the United States Marine Corps in the Pacific Theater. He returned to the college after the war, and
Ray_Price
Australian-British writer, actress, astrologer and media personality (1888–1985)
Evadne Price (28 August 1888 – 17 April 1985), probably born Eva Grace Price, was an Australian British writer, actress, astrologer and media personality
Evadne_Price
Norwegian low-cost airline
airline's establishment, a price war broke out between it and the two incumbents. All three increased capacity and dropped prices, giving a 40% increase in
Color_Air
Concept in game theory
Tirole identify an empirical attribute of such price wars: in a Markov strategy price war, "a firm cuts its price not to punish its competitor, [rather only
Markov_perfect_equilibrium
American war correspondent (1907-1978)
Price Day (1907–29 January, 1978) was a war correspondent for The Baltimore Sun who won a 1949 Pulitzer Prize for International Reporting. Price Day was
Price_Day
Worldwide increase in crude oil prices following the Iranian Revolution
sudden increase in price was connected with fuel shortages similar to the 1973 oil crisis. In 1980, following the onset of the Iran–Iraq War, oil production
1979_oil_crisis
Indian retail network of fruits and vegetables
farmers and over 200 farmer associations. "Safal spices up price war, reduces vegetable prices". economictimes.indiatimes.com. 7 November 2007. Retrieved
Safal
Classification of crude oil that serves as a major worldwide benchmark price
transactions (Dated Brent assessed prices, Dated BFOET assessed prices, forward traded-prices, futures traded-prices), and transfers the risk-of-loss of
Brent_Crude
$0.05 price of Coca-Cola
Depression, and World War II, despite executives at the Coca-Cola Company desiring to raise their prices. In the 1950s, the fixed price was gradually phased
Fixed price of Coca-Cola from 1886 to 1959
Fixed_price_of_Coca-Cola_from_1886_to_1959
OAPEC petroleum embargo
$2.2 billion to support Israel's war effort. Nevertheless, the embargo lasted only until January 1974, though the price of oil remained high afterwards
1973_oil_crisis
Illegal price fixing by music companies in the 1990s
agreements such as minimum advertised pricing to artificially inflate prices of compact discs in order to end price wars by discounters such as Best Buy and
CD_price_fixing
American media personality (1923–2023)
personality, game show host, and animal rights advocate. He hosted CBS's The Price Is Right, the longest-running game show in North American television history
Bob_Barker
Economist
extensively theoretical. An example of this is her paper, "Vancouver's Gasoline-Price Wars: An Empirical Exercise in Uncovering Supergame Strategies", where she
Margaret_Slade
American businessman
Company. Retrieved 18 September 2014. NPR - Digital Photo Price War : Ben Nelson talks about Pricing Strategy "Reinventing the University - A Conversation
Ben_Nelson_(businessman)
Differentiation of firms by goods and operations
Firms are neither price takers or makers. Firms tend to avoid price wars by following price rigidity. They closely monitor the prices of their competitors
Market_structure
Irish retail company
H Williams for £17 million. H Williams collapsed in 1987, following a price war that led to the 1987 amendment to the Groceries Order in an effort to
H_Williams_(supermarket)
Term in economics
19th century. In the aftermath of World War II, there were basic food commodities shortages, leading to price controls in many countries, including Argentina
Price_support
Financial asset backed by a country's revenues from petroleum exports
currencies when the price of oil rises (and fall when it falls). Pricing of oil in US dollars: currencies used as a unit of account to price oil in the international
Petrocurrency
Grade of crude oil used as a benchmark in oil pricing
crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers
West_Texas_Intermediate
1803–1815 series of wars led by Napoleon
Coalition, War of the Fourth Coalition, War of the Fifth Coalition, War of the Sixth Coalition, War of the Seventh Coalition, the Peninsular War, and the
Napoleonic_Wars
1775–1783 conflict in North America
The American Revolutionary War (April 19, 1775 – September 3, 1783), also known as the Revolutionary War or American War of Independence or simply the
American_Revolutionary_War
Naturally occurring combustible liquid
subsequent access to and pricing of oil have historically fueled both domestic and geopolitical conflicts, state-sanctioned oil wars, diplomatic and trade
Petroleum
1932 Australian nuisance wildlife management campaign
The Emu War (or Great Emu War) was a nuisance wildlife management operation undertaken by the Australian Army in late 1932. The so-called 'war' was started
Emu_War
Higher pricing of products marketed to women
marketed toward men. The phenomenon is often attributed to gender-based price discrimination, but a research paper, conducted by economic consulting firm
Pink_tax
Unreleased computer design
midst of a price war that was destroying it, and it was not clear that a high-end machine would not become embroiled in a similar price war. The business
Atari_Sierra
1812–1815 conflict in North America
Wars. The United States declared war on Britain on 18 June 1812. Although peace terms were agreed upon in the December 1814 Treaty of Ghent, the war did
War_of_1812
Oil price pre-1980
The posted price of oil was the price at which oil companies offered to purchase oil from oil-producing governments. This price was set by the oil companies
Posted_oil_price
American soldier, politician and minister
the Civil War. William Hubbel Price was born on January 29, 1820, to John G. Price (1797 -1867) and America Wilson in Kentucky. John G. Price, was a Missouri
William_Hubbel_Price
Phase since 2022 of war ongoing since 2014
starting the largest and deadliest war in Europe since World War II, in a major escalation of the existing war between the two countries that began
Russo-Ukrainian war (2022–present)
Russo-Ukrainian_war_(2022–present)
Crude oil price index
oil prices. It is used as an indicator of the price of crude imports in India and Government of India watches the index when examining domestic price issues
Indian_Basket
Economic measure of a good's price change
In economics, the cross (or cross-price) elasticity of demand (XED) measures the effect of changes in the price of one good on the quantity demanded of
Cross_elasticity_of_demand
Wholesale prices in the market of natural gas
Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked
Natural_gas_prices
American journalist and government official (1891–1981)
President Franklin D. Roosevelt and President Harry S. Truman during World War II. Price was born near Topeka, Indiana, on 25 March 1891. He was a magazine editor
Byron_Price
company involved in the palm oil trade from Nigeria. Following a years-long price war, it sold its interests in the region to the United African Company in
Liverpool and Manchester Trading Company
Liverpool_and_Manchester_Trading_Company
American Midwest bus service
monopoly that Greyhound had between Champaign and Chicago, leading to a price war that cut student fares by more than half. Since 1994, it filed at least
Suburban_Express
Ticket that grants privileges over a defined period of time
investors. However, in 2000 a discounting movement across the US triggered a price war and increased the widespread use of season passes. A season ticket is
Season_ticket
Reference price for trading of an oil commodity
benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks
Benchmark_(crude_oil)
Third largest Israeli retail supermarket chain
branches doubled to 16. Rami Levy introduced supermarket price wars to Israel by promoting low prices and discounts in advance of Jewish holidays. For example
Rami_Levy_Hashikma_Marketing
1861–1865 conflict in the United States
The American Civil War (April 12, 1861 – May 26, 1865; also known by other names) was a civil war in the United States between the Union ("the North")
American_Civil_War
Type of petroleum
(API 36.5°, sulfur 0.25%), Unity Gold (API 33.9°, sulfur 0.41%) The term "price of oil", as used in the U.S. media, generally means the cost per barrel
Sweet_crude_oil
Worldwide crisis affected by shortage of energy supplies
corresponding cut in oil production, and despite the 2020 Russia–Saudi Arabia oil price war, OPEC responded slowly to the demand recovery under new normal, causing
2020s_energy_crisis
Chronology of events affecting the oil market
Kingdom as the reason for the price gouging. According to Simmons, isolated events, such as the Iraq war, affect short-term prices but do not determine a long-term
World oil market chronology from 2003
World_oil_market_chronology_from_2003
Defunct newspaper
$2. This triggered a price war among all the local newspapers in Hong Kong. At that time, most newspapers reduced their prices by half. However this
The_Sun_(Hong_Kong)
Hypothetical measure of overall prices
The general price level is a hypothetical measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary
Price_level
Price increases perceived as excessive
Price gouging is a pejorative term for the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered
Price_gouging
Type of rechargeable battery without cobalt
US$100/kWh as battery pack prices drop to record low in 2023". Energy-Storage.News. Phate Zhang (Jan 17, 2024). "Battery price war: CATL, BYD pushing battery
Lithium iron phosphate battery
Lithium_iron_phosphate_battery
Comparison shopping website
Geizhals, known in English as Skinflint Price Comparison, is a feature and price comparison website, focusing on, but not limited to, the German-speaking
Geizhals
travel, tourism, insurance
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travel, tourism, insurance