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Antitrust guarantees a particular distribution of wealth between consumers and producers. Big data allows firms with pricing power to identify the highest price a consumer is willing to pay for a good and charge it to her. The practice upends the current distribution of wealth by allowing firms...
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Discriminatory Pricing is a practice that can be used either to eliminate competitors or to charge consumers deserving prices, both of which are condemned by competition law. However, Discriminatory Pricing is often accompanied by certain positive effects. For instance, it allows more consumers...
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transactions, there are nonetheless potential areas for improvement. Disclosure of a pricing algorithm may contravene prohibitions …
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Vermehrt übernehmen Algorithmen die Preissetzung für Unternehmen. Doch wie wirkt es sich auf die Dynamiken der Märkte aus, wenn nicht mehr ausschließlich Menschen das Wettbewerbsverhalten bestimmen? Welche Risiken gibt es und bedarf es einer Anpassung des Kartellrechts? Der Autor setzt sich...
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Pricing algorithms are an increasingly integral topic of policy discussion. Last November, as part of the Federal Trade Commission's (“FTC”) Hearings on Consumer Protection and Competition, I had the privilege of participating in a distinguished panel on pricing algorithms and collusion. The...
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Social media platforms employ inferential analytics methods to guess user preferences and may include sensitive attributes such as race, gender, sexual orientation, and political opinions. These methods are often opaque, but they can have significant effects such as predicting behaviors for...
Persistent link: https://www.econbiz.de/10013222140