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Robotic Collusions 2017 the Internet destroyed privacy and brought us global fraud and crime, but, at least it keeps the prices down by easy browsing and comparing -- right?
well... no... actually, the opposite is true.
when a price decrease can be matched by competitors in milliseconds it becomes pointless. and, price-fixing robots easily evade the existing regulatory provisions. explains John O'Sullivan. (3)
London, UK 2017-05-04
for: The Economist Newspaper, London
Link: www.economist.com/news/finance-and-economics/21721648-trustbusters-might-have-fight-algorithms-algorithms-price-bots-can-collude
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