Algorithmic pricing and concerted behaviour – competitive challenges?

Aleksandar B. Todorov

Economic Thought journal, 2022, issue 1, 90-107

Abstract: The application of advanced pricing algorithms is becoming an increasingly common practice in the real economy. On the one hand, this is associated with improvements in the efficiency of firms, but on the other hand, it may pose a threat to market competition and thus have undesirable consequences for consumers. This article keeps track of the current interdisciplinary discussion on the possibility of pricing algorithms to achieve colluding behaviour. This possibility seems not only theoretically possible but also ever more practically feasible. At the same time, policy instruments are, at least for the moment, limited and pose new challenges to competition authorities.

JEL-codes: D18 D43 K21 L41 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2022:i:1:p:90-107

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