The Game Theory of How Algorithms Can Drive Up Prices | Quanta Magazine

Recent findings reveal that even simple pricing algorithms can make things more expensive.

Recent findings reveal that even simple pricing algorithms can make things more expensive.

Competition makes capitalism work. A new method for measuring it may be the holy grail of economic regulation.
For one thing, looking at concentration at a national level can obscure what’s going on at the local level.
Even when concentration does rise, it’s not always bad for competition.

Recent findings reveal that even simple pricing algorithms can make things more expensive.

AI algorithmic collusion challenges traditional antitrust law. Legal AI frameworks adapt to prosecute self-learning pricing tools
reinforcement learning (RL), can lead to outcomes resembling traditional collusion
antitrust

An inquiry into emergent collusion in Large Language Models. Agent S2 to Agent S3: “Let's set all asks at 63 next cycle… No undercutting ensur…
Our paper, Beyond Human Intervention: Algorithmic Collusion through Multi-Agent Learning Strategies, with Suzie Grondin and Philipp Ratz is now available online Collusion in market pricing is a concept associated with human actions to raise market prices through artificially…