Pricing algorithms

Abuse of dominance, Algorithms, Pricing, Pricing algorithms, United Kingdom

(One Essex Court)/ /1 Comment

The UK Competition and Market Authority has launched an investigation into Ticketmaster over its dynamic pricing of concert tickets. This follows widespread complaints about Ticketmaster increasing ticket prices in response to large demand for band Oasis’s reunion tour. Dynamic pricing is not a new practice. Airlines and ride-hailing companies like Uber are particularly well-known for…

Nudging algorithms, Pricing algorithms

(British Institute of International and Comparative Law)/ /Leave a comment

I. Artificial intelligence and pricing practices The great Stephen Hawking said that the risk with Artificial Intelligence (AI) is not that it is malign but that it is competent. Certainly, AI has the potential to transform the way we live and interact with other people, and ultimately transform society. The debate on the challenges brought…