Results 271 to 280 of about 6,516,300 (304)

Autonomous Algorithmic Collusion: Q-Learning Under Sequential Pricing

The Rand Journal of Economics, 2019
A recent and prominent concern is that intelligent, self-learning pricing algorithms may learn to tacitly collude. To date the debate is mostly based on intuition only.
Timo Klein
semanticscholar   +1 more source

Competition in Pricing Algorithms

SSRN Electronic Journal, 2019
We document new facts about pricing technology using high-frequency data, and we examine the implications for competition. Some online retailers employ technology that allows for more frequent price changes and automated responses to price changes by rivals.
Zach Y. Brown, Alexander MacKay
openaire   +1 more source

Algorithms for Optimal Price Regulations

2008
Since summer 2007, mobile phone users in the European Union (EU) are protected by a ceiling on the roaming tariff when calling or receiving a call abroad. We analyze the effects of this price regulative policy, and compare it to alternative implementations of price regulations.
Grigoriev, Alexander, van Loon, Joyce, Uetz, Marc Jochen   +2 more
openaire   +1 more source

Illegal pricing algorithms

Communications of the ACM, 2018
Examining the potential legal consequences of uses of pricing algorithms.
openaire   +1 more source

Minimum price inter-domain routing algorithm

IEEE Communications Letters, 2002
We show a minimum price (MP) inter-domain routing algorithm that selects the cheapest paths among a number of independent domains, used for supplying end users with application services. The price of the network service is determined by the so-called service parameters and network parameters. The former represents the negotiable quality of service (QoS)
DI SORTE, Dario, REALI, Gianluca
openaire   +1 more source

Demographic Pricing in the Digital Age: Assessing Fairness Perceptions in Algorithmic versus Human-Based Price Discrimination

Journal of the Association for Consumer Research
Advancements in data analytics and increased access to consumer data have revolutionized companies’ price discrimination capabilities. These technological advancements have not only changed how prices are determined but also who determines them, with ...
Nofar Duani, Alixandra Barasch, Vicki G. Morwitz   +2 more
semanticscholar   +1 more source

Algorithmic Price Discrimination

Abstract Chapter 1 analyzes the positive and normative implications of price discrimination, enabled by AI-powered algorithms. Price discrimination is largely beneficial in S markets but quite harmful in U markets. In S markets, price discrimination increases the total surplus.
Oren Bar-Gill, Cass R. Sunstein
openaire   +1 more source

Algorithmic Collusion by Large Language Models

arXiv.org
The rise of algorithmic pricing raises concerns of algorithmic collusion. We conduct experiments with algorithmic pricing agents based on Large Language Models (LLMs).
Sara Fish, Yannai A. Gonczarowski, Ran I. Shorrer   +2 more
semanticscholar   +1 more source

Online Optimization Algorithms in Repeated Price Competition: Equilibrium Learning and Algorithmic Collusion

arXiv.org
This paper examines whether widely used online learning algorithms in pricing can independently reach competitive outcomes or instead foster tacit collusion.
Martin Bichler, Julius Durmann, Matthias Oberlechner   +2 more
semanticscholar   +1 more source

Strategic pricing using genetic algorithm

2022
This thesis was scanned from the print manuscript for digital preservation and is copyright the author. Researchers can access this thesis by asking their local university, institution or public library to make a request on their behalf. Monash staff and postgraduate students can use the link in the References field.
openaire   +1 more source