Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10010204565
Persistent link: https://www.econbiz.de/10014383260
The past few years have seen many legal scholars and antitrust agencies expressing interest in and concerns with algorithmic collusion. In this paper, I survey and draw lessons from the literature on Artificial Intelligence and on the economics of algorithmic tacit collusion. I show that a good...
Persistent link: https://www.econbiz.de/10012899427
A recent study by four economists (Calvano et al, 2019) has undoubtedly refueled the public and academic interest in algorithmic tacit collusion. In this study, the researchers find that their “algorithms consistently learn to charge supra-competitive prices, without communicating with one...
Persistent link: https://www.econbiz.de/10012861470
Algorithms are becoming ubiquitous in our society. They are powerful and, in some cases, indispensable tools in today’s economy. In terms of the technology, we do not yet have AI sophisticated enough to, with a reasonable degree of certainty, reach autonomous tacit collusion in most real...
Persistent link: https://www.econbiz.de/10013311560