Algorithmic Tacit Collusion
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Algorithmic Tacit Collusion
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Author : Valeria Caforio
language : en
Publisher:
Release Date : 2022
Algorithmic Tacit Collusion written by Valeria Caforio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
In light of the ongoing debate on algorithmic collusion, this paper intends to answer the following question: should algorithmic tacit collusion be prohibited under EU competition law? By algorithmic tacit collusion it is meant the capability of algorithmic pricing agents to unilaterally engage into tacitly collusive strategies without human intervention (we also call it 'machine-to-machine cooperation' or 'algorithmic interdependent pricing'). Essentially, this practice raises the very same issues as the well-known oligopoly problem. Therefore, to make it prohibited one could envisage the traditional proposed solution of disentangling the categories of article 101 TFEU from the notions of an 'act of reciprocal communication between firms' or 'meeting of minds'. The paper sets out to discuss this option and its implications. It argues that, from a competition law standpoint, although algorithmic tacit collusion remains undesirable, the notions of agreement and concerted practices should not be changed to encompass it. Rather, it embraces a regulatory perspective referred to as 'algorithms by design' which relies on introducing a legal obligation for firms to program algorithms in such a way as to prevent them from setting oligopolistic prices. In particular, while exploring this regulatory proposal, the paper discusses the peculiar case of algorithms that, though designed not to violate antitrust law, end up charging collusive prices. In this regard, the paper develops a second proposal: it introduces the idea of 'outcome visibility' to nail firms to their responsibility. This concept implies the idea that even if firms are not aware that their pricing algorithms are implementing a collusive strategy, they cannot ignore their visible market outcome.
Algorithmic Tacit Collusion
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Author : Adrian Doerr
language : en
Publisher: Mohr Siebeck
Release Date : 2025-06-11
Algorithmic Tacit Collusion written by Adrian Doerr and has been published by Mohr Siebeck this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-11 with categories.
Algorithmic Pricing And Tacit Collusion
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Author : Richard Steppe
language : en
Publisher:
Release Date : 2018
Algorithmic Pricing And Tacit Collusion written by Richard Steppe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Virtual Competition
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Author : Ariel Ezrachi
language : en
Publisher: Harvard University Press
Release Date : 2016-11-14
Virtual Competition written by Ariel Ezrachi and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-14 with Business & Economics categories.
“A fascinating book about how platform internet companies (Amazon, Facebook, and so on) are changing the norms of economic competition.” —Fast Company Shoppers with a bargain-hunting impulse and internet access can find a universe of products at their fingertips. But is there a dark side to internet commerce? This thought-provoking exposé invites us to explore how sophisticated algorithms and data-crunching are changing the nature of market competition, and not always for the better. Introducing into the policy lexicon terms such as algorithmic collusion, behavioral discrimination, and super-platforms, Ariel Ezrachi and Maurice E. Stucke explore the resulting impact on competition, our democratic ideals, our wallets, and our well-being. “We owe the authors our deep gratitude for anticipating and explaining the consequences of living in a world in which black boxes collude and leave no trails behind. They make it clear that in a world of big data and algorithmic pricing, consumers are outgunned and antitrust laws are outdated, especially in the United States.” —Science “A convincing argument that there can be a darker side to the growth of digital commerce. The replacement of the invisible hand of competition by the digitized hand of internet commerce can give rise to anticompetitive behavior that the competition authorities are ill equipped to deal with.” —Burton G. Malkiel, Wall Street Journal “A convincing case for the need to rethink competition law to cope with algorithmic capitalism’s potential for malfeasance.” —John Naughton, The Observer
Algorithms Collusion And Competition Law
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Author : Steven Van Uytsel
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-01-20
Algorithms Collusion And Competition Law written by Steven Van Uytsel and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-20 with Law categories.
What is algorithmic collusion? This evaluative book provides an insight into tackling this important question for competition law, with contrasting critical perspectives, including theoretical, empirical, and doctrinal – the latter frequently from a comparative perspective. Bringing together scholarly discussion on algorithmic collusion, the book questions whether competition law is adeptly equipped to deal with its various facets.
Research Handbook On The Law Of Artificial Intelligence
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Author : Woodrow Barfield
language : en
Publisher: Edward Elgar Publishing
Release Date : 2025-06-09
Research Handbook On The Law Of Artificial Intelligence written by Woodrow Barfield and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-09 with Law categories.
This second edition provides a broad range of perspectives on the legal implications of artificial intelligence (AI) across different global jurisdictions. Contributors identify the potential threats that AI poses to the protection of rights and human wellbeing, anticipating future developments in technological and legal infrastructures.
Research Handbook On Cartels
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Author : Peter Whelan
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-03-02
Research Handbook On Cartels written by Peter Whelan and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-02 with Law categories.
Drawing together a variety of perspectives, this accessible yet comprehensive Research Handbook provides an in-depth analysis of the most significant issues pertaining to the legal regulation of cartels. An interdisciplinary team of respected experts explores the theoretical, legal, economic, political, and comparative discourse surrounding cartel regulation.
Glossary Of Industrial Organisation Economics And Competition Law
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Author : Organisation for Economic Co-operation and Development
language : en
Publisher: Organisation for Economic Co-operation and Development; Washington, D.C. : OECD Publications and Information Centre
Release Date : 1993
Glossary Of Industrial Organisation Economics And Competition Law written by Organisation for Economic Co-operation and Development and has been published by Organisation for Economic Co-operation and Development; Washington, D.C. : OECD Publications and Information Centre this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Big Data And Competition Policy
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Author : Maurice E. Stucke
language : en
Publisher:
Release Date : 2016
Big Data And Competition Policy written by Maurice E. Stucke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with LAW categories.
The first text to provide understanding of the important new issue of Big Data and how it relates to competition laws and policy, both in the EU and US.
Competition Law And Policy In Digital Markets
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Author : Maria Ioannidou
language : en
Publisher: Oxford University Press
Release Date : 2025-03-01
Competition Law And Policy In Digital Markets written by Maria Ioannidou and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-01 with Law categories.
The advent of digital technologies has transformed markets and resulted in unprecedented levels of market concentration, with a handful of digital giants controlling the provision of many goods and services. Against these changing market dynamics, Competition Law and Policy in Digital Markets: A Comparative Analysis of the EU and China provides a critical comparative analysis of the application of competition law in digital markets in the EU and China. The book deciphers how these two key competition law jurisdictions apply their respective competition laws against different digital giants and the potential impact of those applications in the evolution of digital markets. This book first maps the characteristics of digital markets and the challenges they raise for competition law enforcement and, second, critically discusses decisional practice and policy developments in the EU and China. The discussion identifies potential competition law problems in the digital economy and covers various types of anti-competitive conduct at the intersection of consumer, data protection and competition law. It also identifies contentious cases, querying whether competition law can act as a gap filler or whether other regulatory tools are better suited to address such problems. Pioneering and timely, Competition Law and Policy in Digital Markets examines the challenges posed to competition law enforcement by these new dynamics. The similarities and divergent approaches between competition law enforcers in the EU and China are examined in a bid to contribute to a more transparent debate between the two.