degree of (tacit) collusion when exclusively humans interact to the case of one firm in the market delegating its decisions …)certainty about the actual presence of an algorithm does not significantly affect collusion. …

significantly affect collusion, although humans do seem to perceive algorithms as more disruptive. …

significantly affect collusion, although humans do seem to perceive algorithms as more disruptive. …

As self-learning pricing algorithms become popular, there are growing concerns among academics and regulators that … algorithms could learn to collude tacitly on non-competitive prices and thereby harm competition. I study popular reinforcement … learning algorithms and show that they develop collusive behavior in a simulated market environment. To derive a counterfactual …

degree of (tacit) collusion when exclusively humans interact to the case of one firm in the market delegating its decisions …)certainty about the actual presence of an algorithm does not significantly affect collusion …

As self-learning pricing algorithms become popular, there are growing concerns among academics and regulators that … algorithms could learn to collude tacitly on non-competitive prices and thereby harm competition. I study popular reinforcement … learning algorithms and show that they develop collusive behavior in a simulated market environment. To derive a counterfactual …

As self-learning pricing algorithms become popular, there are growing concerns among academics and regulators that … algorithms could learn to collude tacitly on non-competitive prices and thereby harm competition. I study popular reinforcement … learning algorithms and show that they develop collusive behavior in a simulated market environment. To derive a counterfactual …

to game-theoretic reasoning, our results show that collusion is significantly larger when the demand shrinks than when it … facilitates collusion and discourages deviation. …

to game-theoretic reasoning, our results show that collusion is significantly larger when the demand shrinks than when it … facilitates collusion and discourages deviation. …