Remedies for algorithmic tacit collusion
WebThis article explores how fines and structural and behavioural remedies can serve to discourage collusive results while preserving the incentives to use efficiency-enhancing … WebNov 1, 2024 · Two issues have gained particular attention: algorithmic price discrimination (PD) and algorithmic tacit collusion (TC). Although the risks and opportunities of both practices have been explored ...
Remedies for algorithmic tacit collusion
Did you know?
WebJul 24, 2024 · Understanding ‘Tacit Algorithmic Collusion’ To understand the meaning of tacit algorithmic collusion, it is imperative to understand the meaning of Tacit Collusion. Tacit collusion is said to occur when two companies collude without any written agreement or formal communication. WebAs algorithmic pricing becomes more widespread, the discussion about the extent to which the use of algorithms results in an increase of collusion also intensifies. While some …
WebJun 23, 2024 · Increasingly, algorithms are supplanting human decision-makers in pricing goods and services. To analyze the possible consequences, we study experimentally the … WebMay 21, 2024 · Regarding new behavioural remedies, Motta and Peitz submit a proposal for tacit collusion cases, whereby obligations could consist in decreasing the potential of monitoring between market players, such as the chances of information exchange. 170 In algorithmic tacit collusion, one practical method of implementation could be through …
Web“Algorithmic Tacit Collusion is a Limited Threat to Competition.” Law360, December 10, 2024. “Measuring Benchmark Damages in Antitrust Litigation—Extensions and Practical Implications.” WebAuthor: Beneke, Francisco et al.; Genre: Journal Article; Published online: 2024-08-05; Title: Remedies for Algorithmic Tacit Collusion
WebAbstract. There is growing evidence that tacit collusion can be autonomously achieved by machine learning technology, at least in some real-life examples identified in the literature …
WebIf these algorithms are self-learning and act autonomously, cartel-like markets might emerge, even without any communication between the firms or the algorithms themselves. This thesis examines this algorithmic tacit collusion within different, individual treatments using an agent-based computer simulation with Q-learning firms. ty cobb huntingWebOct 2, 2024 · Amongst the wealth of concerns raised by Artificial Intelligence (“AI”), one is the risk that the deployment of algorithmic pricing agents on markets will increase … ty cobb grandchildrenWebFor instance, pricing algorithms may lead to unwanted forms of price discrimination 7 or increased barriers to entry when reliant on proprietary data. 8 Furthermore, as we discuss below, the use of pricing algorithms could lead to another prominent concern: algorithmic collusion. At a high level, it is possible to identify at least four ... ty cobb cracker jackWebNational Center for Biotechnology Information tampa bay buccaneers vs carolinaWebJun 23, 2024 · algorithms can be relevant to competition policy in two ways. First, a particular result, or output, from a self-learning algorithm is more difficult to understand for a human, as it ... algorithm-enabled tacit collusion, as personalised prices constitute essentially secret discounts. 6 Footnote 2 above. ty cobb imdbWebMay 21, 2024 · Regarding new behavioural remedies, Motta and Peitz submit a proposal for tacit collusion cases, whereby obligations could consist in decreasing the potential of … tampa bay buccaneers vintage hatsWebJun 7, 2024 · Regarding the former, recent investigations, as well as the core principles underlying competition laws, suggest that algorithmic cartels will be treated in the same way as traditional cartels. Tacit collusion arising from AIs’ independent actions, however, seems not actionable under current competition laws, if it arises naturally from an AI ... ty cobb green