In Machines We Trust: How pricing algorithms learn to collude (Update)
MIT Technology Review Narrated
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How Pricing Algorithms Can Reduce Competition
Pricing algorithms can help consumers by personalizing products and recommendations. But these systems also present new challenges for those who regulate competition. In 2015, the government prosecuted its first antitrust case specifically targeting e-commerce. We find out what regulation might look like, and we learn how these algorithms might work in a grocery store.
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