When the Cartelist Is a Robot. Pricing Algortihms and Collusion in Digital Markets

By Antonio Robles Martín-Laborda (Universidad Carlos III de Madrid)

The expansion of online platforms enabling the interaction between providers and consumers is leading to a widespread replacement of natural persons by software programs that, automatically and with high frequency, can adapt the price of goods and services to the changing conditions of the market. This process could facilitate new forms of collusion. The aim of this paper is to analyze the adequacy of the current competition law provisions to deal with them, taking into account some additional problems related with the responsibility and the detection of a possible infringement.

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