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Autonomous Algorithmic Price Coordination
Harit, Prakhar - 2021
has often been a problem of economic theory, traditionally, it is decided according to the cost of the product and demand …
Persistent link: https://www.econbiz.de/10013313214
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Strategic data sales to competing firms
Delbono, Flavio; Reggiani, Carlo; Sandrini, Luca - 2021
The unprecedented access of firms to consumer level data facilitates more precisely targeted individual pricing. We study the incentives of a data broker to sell data about a segment of the market to three competing firms. The segment only includes a share of the consumers in the market around...
Persistent link: https://www.econbiz.de/10012695129
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Exclusive data, price manipulation and market leadership
Gu, Yiquan; Madio, Leonardo; Reggiani, Carlo - 2019
The unprecedented access of firms to consumer level data not only facilitates more precisely targeted individual pricing but also alters firms' strategic incentives. We show that exclusive access to a list of consumers can provide incentives for a firm to endogenously assume the price leader's...
Persistent link: https://www.econbiz.de/10012104125
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Artificial collusion : examining supracompetitive pricing by Q-learning algorithms
Boer, Arnoud V. den; Meylahn, Janusz M.; Schinkel, … - 2022
We examine recent claims that a particular Q-learning algorithm used by competitors 'autonomously' and systematically … detailed analysis of the inner workings of this algorithm reveals that there is no immediate reason for alarm. We set out what … is needed to demonstrate the existence of a colluding price algorithm that does form a threat to competition. …
Persistent link: https://www.econbiz.de/10013375353
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Fighting collusion by permitting price discrimination
Helfrich, Magdalena; Herweg, Fabian - 2016
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a model with two firms that may be able to discriminate between two consumer groups. Two cases are analyzed: (i) Best-response symmetries so that profits in the static Nash...
Persistent link: https://www.econbiz.de/10011434582
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Bundling and Competition for Slots : Sequential Pricing
Jeon, Doh-Shin - 2009
In this paper we study, as in Jeon-Menicucci (2009), competition between sellers when each of them sells a portfolio of distinct products to a buyer having limited slots. This paper considers sequential pricing and complements our main paper (Jeon- Menicucci, 2009) that considers simultaneous...
Persistent link: https://www.econbiz.de/10013155785
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Third-degree price discrimination in oligopoly when markets are covered
Dertwinkel-Kalt, Markus; Wey, Christian - 2020
We analyze oligopolistic third-degree price discrimination relative to uniform pricing, when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm's Lerner index...
Persistent link: https://www.econbiz.de/10012208315
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Multi-product bargaining, bundling, and buyer power
Dertwinkel-Kalt, Markus; Wey, Christian - 2019
We re-consider the bilateral bargaining problem of a multi-product, manufacturer-retailer trading relationship. O'Brien and Shaffer (Rand JE 35:573-598, 2005) have shown that the unbundling of contracts leads to downward distorted production levels if seller power is strong, while otherwise the...
Persistent link: https://www.econbiz.de/10012139155
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Fighting Collusion by Permitting Price Discrimination
Helfrich, Magdalena - 2016
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a model with two firms that may be able to discriminate between two consumer groups. Two cases are analyzed: (i) Best-response symmetries so that profits in the static Nash...
Persistent link: https://www.econbiz.de/10012996205
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Tying as Price Discrimination in Antitrust Law
Ardiyok, Sahin - 2011
This paper focuses on the question of whether the task of distributing the welfare between producers and consumers is in the domain or jurisprudence of courts or antitrust agencies. Indeed, these foundations are far away from the understanding introduced by Chicago school when the matter in hand...
Persistent link: https://www.econbiz.de/10014215393