Results 41 to 50 of about 5,279 (162)

Innis Lecture: Algorithmic pricing and competition

Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.
Abstract This article examines how advances in AI‐driven algorithmic pricing are reshaping the nature of cartel formation and coordination. Traditionally, cartels relied on explicit communication, extensive organization, and sustained human effort to reach and maintain agreement while avoiding detection.
Robert Clark
wiley   +1 more source

ALGORITHMS, MACHINE LEARNING, AND COLLUSION

Journal of Competition Law & Economics, 2018
AbstractThis paper discusses whether self-learning price-setting algorithms can coordinate their pricing behavior to achieve a collusive outcome that maximizes the joint profits of the firms using them. Although legal scholars have generally assumed that algorithmic collusion is not only possible but also exceptionally easy, computer scientists ...
openaire   +1 more source

Data Portability and Interoperability Between Digital Platforms

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT We examine the effects of regulation requiring data portability and interoperability in digital platform competition. Data portability and interoperability have the effect of eliminating switching costs between platforms and enlarging network externalities but increasing the risk of data breaches.
Jeong‐Yoo Kim
wiley   +1 more source

Decentralizing governance: exploring the dynamics and challenges of digital commons and DAOs

Frontiers in Blockchain
This paper explores the intersection of decentralized governance, blockchain technology, and the digital commons through the lens of Elinor Ostrom’s principles. It examines how Decentralized Autonomous Organizations (DAOs) and tokenization models present
Mark Esposito, Mark Esposito, Terence Tse, Danny Goh   +3 more
doaj   +1 more source

Mutual fund director compensation

Journal of Financial Research, EarlyView.
Abstract We examine director compensation using a large sample of hand‐compiled U.S. mutual fund data. We find that director compensation is positively correlated with observable productive characteristics—workload, experience, and demographics—that capture the benefits from the directors’ monitoring effort.
John Adams, Sattar Mansi, Takeshi Nishikawa   +2 more
wiley   +1 more source

An Optimal Game Theoretical Framework for Mobility Aware Routing in Mobile Ad hoc Networks [PDF]

, 2014
Selfish behaviors are common in self-organized Mobile Ad hoc Networks (MANETs) where nodes belong to different authorities. Since cooperation of nodes is essential for routing protocols, various methods have been proposed to stimulate cooperation among ...
Khaledi, Mehrdad, Khaledi, Mojgan, Rabiee, Hamidreza   +2 more
core  

Innovation, Licensing, and Competition: Evidence From Genetically Engineered Crops

The Journal of Industrial Economics, EarlyView.
ABSTRACT We provide a novel empirical analysis of the role of technology licensing, between competitors, for genetically engineered (GE) traits in the US seed industry. We extend the standard differentiated‐product Bertrand pricing model to include trait licensing, which permits us to recover marginal costs and (otherwise unobserved) royalty rates ...
GianCarlo Moschini, Edward D. Perry
wiley   +1 more source

The data-driven power of Google and co. A risk to competition? Bertelsmann Policy Brief #2018/04 [PDF]

, 2018
Is data really the new oil? Some say that access to this basic commodity is decisive for the success and failure of entire business models in the digital markets.
Stühmeier, Torben
core  

A Short-term Intervention for Long-term Fairness in the Labor Market

, 2018
The persistence of racial inequality in the U.S. labor market against a general backdrop of formal equality of opportunity is a troubling phenomenon that has significant ramifications on the design of hiring policies.
Chen, Yiling, Hu, Lily
core   +1 more source

SUSTAINABLE AND UNCHALLENGED ALGORITHMIC TACIT COLLUSION [PDF]

, 2020
Algorithmic collusion has the potential to transform future markets, leading to higher prices and consumer harm. And yet, algorithmic collusion may remain undetected and unchallenged, in particular, when it is used to facilitate conscious parallelism ...
Ezrachi, Ariel, Stucke, Maurice E.
core   +1 more source