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DTSTAMP:20260415T233735Z
DTSTART:20240906T150000Z
DTEND:20240906T161500Z
SUMMARY:Session four: Watch out\, our robots may be colluding: algorithmi
 c price-fixing
DESCRIPTION:Fast-developing artificial intelligence (AI) technologies hav
 e been attracting increasing attention in recent years. The use of prici
 ng algorithms to facilitate collusion is one of the hottest topics in th
 e area of antitrust. Is it a collusive agreement when competitors knowin
 gly use the same AI technology to monitor and adjust prices? Even where 
 the algorithm only recommends rather than determines prices and actual p
 rices can differ? In a recent US residential housing case\, the US agenc
 ies say yes and yes. And in a recent US class action\, it is claimed tha
 t hotels collude on prices through a common software program. Other comp
 etition authorities are considering these and other AI-related issues as
  they apply across a range of businesses. Some scholars have even posite
 d whether pricing algorithms may ‘autonomously’ learn to collude. The se
 ssion will examine the latest thinking in this largely undeveloped area 
 of antitrust.\n
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