Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10014295326
We examine recent claims that a particular Q-learning algorithm used by competitors 'autonomously' and systematically learns to collude, resulting in supracompetitive prices and extra profits for the firms sustained by collusive equilibria. A detailed analysis of the inner workings of this...
Persistent link: https://www.econbiz.de/10013375353
This paper contributes to the ongoing debate on the plausibility of tacit collusion between sellers in algorithmic marketplaces, which can be detrimental to customers and social welfare. We study a broad class of assortment decisions routinely made by sellers on online platforms, including which...
Persistent link: https://www.econbiz.de/10013211212