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With a global revenue of over 40 billion US dollars and predicted astronomic growth, the movie industry remains a viable economic sector. It becomes imperative for media professionals to come up with more proficient ways of scheduling movies, and predicting performance of movies, so as to...
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We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
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Predictive AI is increasingly used to guide decisions on agents. I show that even a bias-neutral predictive AI can potentially amplify exogenous (human) bias in settings where the predictive AI represents a cost-adjusted precision gain to unbiased predictions, and the final judgments are made by...
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