Pricing algorithms: are they threatening the competition?
Pricing algorithms: are they threatening the competition?

Author(s): Regina Yusupova
Subject(s): Law, Constitution, Jurisprudence, Law on Economics, Commercial Law, Court case, Comparative Law
Published by: Societatea de Stiinte Juridice si Administrative
Keywords: pricing algorithms; artificial intelligence; competition law; tacit collusion;
Summary/Abstract: The paper deals with pricing algorithms in the context of competition law. Antitrust authorities around the world are concerned about the fact that pricing algorithms with even relatively low level of sophistication tend to cooperate without specific instructions, what may lead to their tacit collusion challenging current antimonopoly regulation. Negative impact may be seen in prices set above the market level and suppressed competition which may bring damage to consumers. Current legislation is not prepared for such technological advancement. The paper provides an overview on possible solutions for taking autonomous pricing algorithms under control.

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