AI, Algorithmic Pricing, and Collusion | Dynamic Pricing and AI

Johanna Gschiel, Jakob Sölva, and Emil Witteveen desribe how algorithms are used to set prices automatically and how this can lead to collusion that is difficult to detect by competition authorities. The presentation is based on the corresponding VoxEU article by Sergio Pastorello, Giacomo Calzolari, Vincenzo Denicolo, and Emilio Calvano available at: https://cepr.org/voxeu/columns/artificial-intelligence-algorithmic-pricing-and-collusion