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We investigate collusive pricing in laboratory markets when human players interact with an algorithm. We compare the degree of (tacit) collusion when exclusively humans interact to the case of one firm in the market delegating its decisions to an algorithm. We further vary whether participants...
Persistent link: https://www.econbiz.de/10012659962
significantly affect collusion, although humans do seem to perceive algorithms as more disruptive. …
Persistent link: https://www.econbiz.de/10013415133
Persistent link: https://www.econbiz.de/10014430158
We investigate collusive pricing in laboratory markets when human players interact with an algorithm. We compare the degree of (tacit) collusion when exclusively humans interact to the case of one firm in the market delegating its decisions to an algorithm. We further vary whether participants...
Persistent link: https://www.econbiz.de/10012509134
significantly affect collusion, although humans do seem to perceive algorithms as more disruptive. …
Persistent link: https://www.econbiz.de/10013414764