What Do We Know About Algorithmic Tacit Collusion?
17 Pages Posted: 15 May 2018 Last revised: 5 Sep 2018
Date Written: June 12, 2018
The past few years have seen many legal scholars and antitrust agencies expressing interest in and concerns with algorithmic collusion. In this paper, I survey and draw lessons from the literature on Artificial Intelligence and on the economics of algorithmic tacit collusion. I show that a good understanding of this literature is a crucial first step to better understand the antitrust risks of algorithmic pricing and devise antitrust policies to combat such risks.
Keywords: algorithmic pricing, algorithmic collusion, artificial intelligence, antitrust
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