regulation for algorithmic collusion
This week, Chenhao Zhang from Northwestern University visited ITCS and gave a talk on Regulation of Algorithmic Collusion, based on his ongoing collaboration with Prof. Jason Hartline. Here’s a background of the topic, summary of the talk and their work (hopefully), and some discussion afterwards. Regulation of Algorithmic Collusion ABSTRACT Consider sellers in a competitive market that use algorithms to adapt their prices from data that they collect. In such a context it is plausible that algorithms could arrive at prices that are higher than the competitive prices and this may benefit sellers at the expense of consumers (i....