Algorithmic pricing
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- dc.contributor.author Van Heusden, Adrianus
- dc.date.accessioned 2024-10-17T09:42:51Z
- dc.date.available 2024-10-17T09:42:51Z
- dc.date.issued 2023
- dc.date.modified 2023-07-28T19:58:21Z
- dc.description.abstract The rise of algorithmic pricing has transformed perfect price discrimination from a theoretical concept into a real possibility. Through self-learning pricing algorithms, a strategy can be developed that approximates consumers’ reservation prices with ever-improving accuracy. This paper analyzes algorithmic pricing from a law and economics perspective to identify the efficiency and equity effects that the practice could cause and determine to which extent it is regulated under the current legal framework. This paper finds that under competitive market conditions, algorithmic pricing could be welcomed from an efficiency perspective, but from an equity and ethical perspective serious concerns need to be raised. If these concerns are to be taken seriously, the legal framework provides only a partially functional approach to address algorithmic pricing. Additional appropriate remedies are, therefore, needed to protect consumers adequately and effectively against exploitation that reduces their welfare.
- dc.format application/pdf
- dc.identifier http://www.raco.cat/index.php/InDret/article/view/418762
- dc.identifier 1698-739X
- dc.identifier 10.31009/InDret.2023.i3.08
- dc.identifier.uri http://hdl.handle.net/10230/64836
- dc.publisher Universitat Pompeu Fabra
- dc.relation.haspart InDret, 2023, Núm. 3 (2023)
- dc.relation.haspart http://www.raco.cat/index.php/InDret/article/view/418762/513134
- dc.rights.uri info:eu-repo/semantics/openAccess
- dc.source.uri RACO (Revistes Catalanes amb Accés Obert)
- dc.subject.other Algorithmic Pricing, Consumer Protection, Consumer Welfare, Law and Economics, Personalization
- dc.title Algorithmic pricing
- dc.type info:eu-repo/semantics/article
- dc.type info:eu-repo/semantics/publishedVersion