Autonomous algorithmic collusion: economic research and policy implications
Copyright policy )Autonomous algorithmic collusion: economic research and policy implications
Abstract Markets are being populated with new generations of pricing algorithms, powered with artificial intelligence (AI), that have the ability to autonomously learn to operate. This ability can be both a source of efficiency and cause of concern for the risk that algorithms autonomously and tacitly learn to collude. In this paper we explore recent developments in the economic literature and discuss implications for policy.
- Guido Carli Free International University for Social Studies Italy
- Alma Mater Studiorum University of Bologna Italy
- University College London United Kingdom
- Cornell University United States
- University of Rome Tor Vergata Italy
Antitrust, Platforms, 330, JEL: D - Microeconomics/D.D4 - Market Structure, Quantity Discounts, Algorithmic Pricing, Settore SECS-P/01 - ECONOMIA POLITICA, Competition Policy, Artificial Intelligence, Resale Price Maintenance, Algorithmic Pricing, Antitrust, Competition Policy, Artificial Intelligence, Collusion., [SHS.ECO] Humanities and Social Sciences/Economics and Finance, B- ECONOMIE ET FINANCE, Collusion, Platforms., JEL: L - Industrial Organization/L.L4 - Antitrust Issues and Policies/L.L4.L42 - Vertical Restraints • Resale Price Maintenance • Quantity Discounts, and Design/D.D4.D42 - Monopoly, and Uncertainty/D.D8.D82 - Asymmetric and Private Information • Mechanism Design, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, JEL: D - Microeconomics/D.D8 - Information, Mechanism DesignL42 - Vertical Restraints, Knowledge, Collusion., D42 - MonopolyD82 - Asymmetric and Private Information, algorithmic pricing, antitrust, competition policy, artificial intelligence, collusion, platforms, Pricing
Antitrust, Platforms, 330, JEL: D - Microeconomics/D.D4 - Market Structure, Quantity Discounts, Algorithmic Pricing, Settore SECS-P/01 - ECONOMIA POLITICA, Competition Policy, Artificial Intelligence, Resale Price Maintenance, Algorithmic Pricing, Antitrust, Competition Policy, Artificial Intelligence, Collusion., [SHS.ECO] Humanities and Social Sciences/Economics and Finance, B- ECONOMIE ET FINANCE, Collusion, Platforms., JEL: L - Industrial Organization/L.L4 - Antitrust Issues and Policies/L.L4.L42 - Vertical Restraints • Resale Price Maintenance • Quantity Discounts, and Design/D.D4.D42 - Monopoly, and Uncertainty/D.D8.D82 - Asymmetric and Private Information • Mechanism Design, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, JEL: D - Microeconomics/D.D8 - Information, Mechanism DesignL42 - Vertical Restraints, Knowledge, Collusion., D42 - MonopolyD82 - Asymmetric and Private Information, algorithmic pricing, antitrust, competition policy, artificial intelligence, collusion, platforms, Pricing
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