Results 11 to 20 of about 6,516,300 (304)
Behavior-Based Algorithmic Pricing
Information Economics and Policy, 2023 ISSN:0167 ...
Antoine Dubus
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Artificial Intelligence, Algorithmic Pricing, and Collusion [PDF]
American Economic Review, 2018 Increasingly, algorithms are supplanting human decision-makers in pricing goods and services. To analyze the possible consequences, we study experimentally the behavior of algorithms powered by Artificial Intelligence (Q-learning) in a workhorse oligopoly model of repeated price competition.
Calvano, Emilio +3 more
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Algorithmic pricing via virtual valuations [PDF]
Proceedings of the 8th ACM conference on Electronic commerce, 2007 Algorithmic pricing is the computational problem that sellers (e.g., in supermarkets) face when trying to set prices for their items to maximize their profit in the presence of a known demand. Guruswami et al. (2005) propose this problem and give logarithmic approximations (in the number of consumers) when each consumer's values for bundles are known ...
Chawla, Shuchi +2 more
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Algorithmic Pricing: What Implications for Competition Policy? [PDF]
SSRN Electronic Journal, 2018 Pricing decisions are increasingly in the “hands” of artificial algorithms. Scholars and competition authorities have voiced concerns that those algorithms are capable of sustaining collusive outcomes more effectively than human decision makers. If this is so, then our traditional policy tools for fighting collusion may have to be reconsidered.
Vincenzo Denicolò +3 more
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Algorithmic Pricing and Algorithmic Collusion
Business & Information Systems EngineeringThe rise of algorithmic pricing in online retail platforms has attracted significant interest in how autonomous software agents interact under competition. This article explores the potential emergence of algorithmic collusion - supra-competitive pricing outcomes that arise without explicit agreements - as a consequence of repeated interactions between
Bichler, Martin +2 more
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Algorithmic Personalized Pricing
SSRN Electronic Journal, 2020 Price is an essential term at the heart of supplier-consumer transactions and relationships increasingly taking place in “micro-marketplace chambers,” where points of comparison with similar relevant products may be difficult to discern and time-consuming to make.
P. Chapdelaine
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Algorithmic Price Discrimination and Consumer Protection
Technology and Regulation, 2022 This paper investigates the practice of algorithmic price discrimination with a view to determining its impact on markets and society and making a possible plea for regulation.
Mateusz Grochowski +3 more
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Algorithmic Pricing and Competition: Empirical Evidence from the German Retail Gasoline Market
Journal of Political Economy, 2023 We provide the first empirical analysis of the relationship between algorithmic pricing (AP) and competition by studying the impact of adoption in Germany’s retail gasoline market, where software became widely available in 2017.
Stephanie Assad +3 more
semanticscholar +1 more source
Algorithmic Pricing and Price Gouging. Consequences of High-Impact, Low Probability Events
Sustainability, 2021 Algorithmic pricing may lead to more efficient and contestable markets, but high-impact, low-probability events such as terror attacks or heavy storms may lead to price gouging, which may trigger injunctions or get sellers banned from platforms such as ...
J. Sánchez-Cartas, A. Tejero, G. León
semanticscholar +1 more source
Quantum Encoding and Analysis on Continuous Time Stochastic Process with Financial Applications [PDF]
Quantum, 2023 Modeling stochastic phenomena in continuous time is an essential yet challenging problem. Analytic solutions are often unavailable, and numerical methods can be prohibitively time-consuming and computationally expensive. To address this issue, we propose
Xi-Ning Zhuang +4 more
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