Construct · 1 fields · 1 citations

algorithmic pricing collusion: a standalone construct

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algorithmicpricing collusion1 CONSTRUCTAlgorithmic pricingCALVANO · INFORMATION

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Information economics

the tendency of self-learning pricing algorithms to learn to sustain supracompetitive prices without communicating, through reward and punishment strategies.

In information economics, algorithmic pricing collusion refers to the tendency of self-learning pricing algorithms to learn to sustain supracompetitive prices without communicating, through reward and punishment strategies. This meaning comes from Calvano (2020) in American Economic Review.[1]

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Nearby constructs

information4 fields · 5 citationsjingle · one word, four constructsreward4 fields · 7 citationsjingle · one word, four constructs

References

  1. Calvano, E., Calzolari, G., Denicolò, V., & Pastorello, S. (2020). Artificial Intelligence, Algorithmic Pricing, and Collusion. American Economic Review, 110(10), 3267-3297. https://doi.org/10.1257/aer.20190623

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