Algorithms, machine learning, and collusion

U Schwalbe - Journal of Competition Law & Economics, 2018 - academic.oup.com
This paper discusses whether self-learning price-setting algorithms can coordinate their
pricing behavior to achieve a collusive outcome that maximizes the joint profits of the firms …

Sustainable and unchallenged algorithmic tacit collusion

A Fzrachi, ME Stucke - Nw. J. Tech. & Intell. Prop., 2019 - HeinOnline
Algorithmic collusion has the potential to transform future markets, leading to higher prices
and consumer harm. And yet, algorithmic collusion may remain undetected and …

Collusion, mergers, and related antitrust issues

J Asker, V Nocke - Handbook of industrial organization, 2021 - Elsevier
This chapter examines recent developments in economic research relating to antitrust,
paying specific attention to research in the areas of collusion and merger enforcement …

Oligopolistic price leadership and mergers: The united states beer industry

NH Miller, G Sheu, MC Weinberg - American Economic Review, 2021 - aeaweb.org
We study a repeated game of price leadership in which a firm proposes supermarkups over
Bertrand prices to a coalition of rivals. Supermarkups and marginal costs are recoverable …

Testing models of strategic uncertainty: Equilibrium selection in repeated games

M Boczoń, E Vespa, T Weidman… - Journal of the European …, 2024 - academic.oup.com
In repeated games, where both collusive and non-collusive outcomes can be supported as
equilibria, it is crucial to understand the likelihood of selection for each type of equilibrium …

Trust, leniency, and deterrence

M Bigoni, SO Fridolfsson, C Le Coq… - The Journal of Law …, 2015 - academic.oup.com
This article presents results from a laboratory experiment studying the channels through
which different law enforcement strategies deter cartel formation. With leniency policies …

[HTML][HTML] How communication makes the difference between a cartel and tacit collusion: A machine learning approach

M Andres, L Bruttel, J Friedrichsen - European Economic Review, 2023 - Elsevier
This paper sheds new light on the role of communication for cartel formation. Using machine
learning to evaluate free-form chat communication among firms in a laboratory experiment …

Algorithmic and human collusion

T Werner - Available at SSRN 3960738, 2024 - 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 …

List price collusion

WH Boshoff, J Paha - Journal of Industry, Competition and Trade, 2021 - Springer
Firms sometimes collude by agreeing on increases in list prices. Yet, the efficacy of such list
price collusion is subject to discussion as colluding firms might, in principle, deviate secretly …

Behavioral constraints on price discrimination: Experimental evidence on pricing and customer antagonism

A Leibbrandt - European Economic Review, 2020 - Elsevier
This experimental study investigates pricing and reactions to price discrimination and
provides several novel insights. First, we identify the extent to which sellers intrinsically and …