Autonomous algorithmic collusion: Q‐learning under sequential pricing
T Klein - The RAND Journal of Economics, 2021 - Wiley Online Library
Prices are increasingly set by algorithms. One concern is that intelligent algorithms may
learn to collude on higher prices even in the absence of the kind of coordination necessary …
learn to collude on higher prices even in the absence of the kind of coordination necessary …
Algorithmic collusion with imperfect monitoring
We show that if they are allowed enough time to complete the learning, Q-learning
algorithms can learn to collude in an environment with imperfect monitoring adapted from …
algorithms can learn to collude in an environment with imperfect monitoring adapted from …
Machine learning, market manipulation, and collusion on capital markets: Why the" black box" matters
This Article offers a novel perspective on the implications of increasingly autonomous and"
black box" algorithms, within the ramification of algorithmic trading, for the integrity of capital …
black box" algorithms, within the ramification of algorithmic trading, for the integrity of capital …
Artificial collusion: Examining supracompetitive pricing by Q-learning algorithms
AV den Boer, JM Meylahn… - Amsterdam Law School …, 2022 - papers.ssrn.com
We examine recent claims that a particular Q-learning algorithm used by
competitorsautonomously'and systematically learns to collude, resulting in supracompetitive …
competitorsautonomously'and systematically learns to collude, resulting in supracompetitive …
Learning to collude in a pricing duopoly
JM Meylahn, A V. den Boer - Manufacturing & Service …, 2022 - pubsonline.informs.org
Problem definition: This paper addresses the question whether or not self-learning
algorithms can learn to collude instead of compete against each other, without violating …
algorithms can learn to collude instead of compete against each other, without violating …
Algorithmic and human collusion
T Werner - Available at SSRN 3960738, 2023 - papers.ssrn.com
I study self-learning pricing algorithms and show that they are collusive in market
simulations. To derive a counterfactual that resembles traditional tacit collusion, I conduct …
simulations. To derive a counterfactual that resembles traditional tacit collusion, I conduct …
Algorithmic collusion: Insights from deep learning
M Hettich - Available at SSRN 3785966, 2021 - papers.ssrn.com
Increasingly, firms use algorithms powered by artificial intelligence to set prices. Previous
research simulated interactions among Q-learning algorithms in an oligopoly model of price …
research simulated interactions among Q-learning algorithms in an oligopoly model of price …
Application-oriented assessment of grid-connected PV-battery system with deep reinforcement learning in buildings considering electricity price dynamics
Q Chen, Z Kuang, X Liu, T Zhang - Applied Energy, 2024 - Elsevier
Deep reinforcement learning (DRL) is decisive in addressing uncertainties in intelligent grid-
building interactions. Using DRL algorithms, this research optimizes the operational strategy …
building interactions. Using DRL algorithms, this research optimizes the operational strategy …
[HTML][HTML] On algorithmic collusion and reward–punishment schemes
A Epivent, X Lambin - Economics Letters, 2024 - Elsevier
A booming literature describes how artificial intelligence algorithms may autonomously learn
to generate supra-competitive profits. The widespread interpretation of this phenomenon as …
to generate supra-competitive profits. The widespread interpretation of this phenomenon as …
Learning to mitigate ai collusion on economic platforms
Algorithmic pricing on online e-commerce platforms raises the concern of tacit collusion,
where reinforcement learning algorithms learn to set collusive prices in a decentralized …
where reinforcement learning algorithms learn to set collusive prices in a decentralized …