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Virtual Competition

The Promise And Perils Of The Algorithm-Driven Economy

by Maurice E. Stucke e Ariel Ezrachi
language: english
Publisher: Harvard University Press, October of 2019 ‧
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Shoppers with a bargain-hunting impulse and internet access can find a universe of products at their fingertips. This thought-provoking expose invites us to explore how sophisticated algorithms and data-crunching are changing the nature of market competition, and not always for the better.

Introducing into the policy lexicon the terms algorithmic collusion, behavioral discrimination, and super-platforms, Virtual Competition explores the resulting impact on competition, our democratic ideals, our wallets, and our well-being.

«A convincing argument that there can be a darker side to the growth of digital commerce. The replacement of the invisible hand of competition by the digitized hand of internet commerce can give rise to anticompetitive behavior that the competition authorities are ill equipped to deal with.»
Burton G. Malkiel, Wall Street Journal

«We owe the authors our deep gratitude for anticipating and explaining the consequences of living in a world in which black boxes collude and leave no trails behind. They make it clear that in a world of big data and algorithmic pricing, consumers are outgunned and antitrust laws are outdated, especially in the United States.»
Science

«A convincing case for the need to rethink competition law to cope with algorithmic capitalism's potential for malfeasance.»
John Naughton, The Observer

«A fascinating book about how platform internet companies (Amazon, Facebook, and so on) are changing the norms of economic competition.»
Ben Schiller, Fast Company

Virtual Competition

The Promise And Perils Of The Algorithm-Driven Economy

by Maurice E. Stucke e Ariel Ezrachi

Property Description
ISBN: 9780674241589
Publisher: Harvard University Press
Release Date: October of 2019
Language: English
Dimensions: 136 x 208 x 24 mm
Cover: Softcover
Pages: 368
Format: Book
Categories: Books in English > Economics, Finance and Accounting > Economy
Books in English > Others
EAN: 9780674241589

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