Price collusion using artificial intelligence
Antitrust lawyers have raised concerns that if AI algorithms were able to control pricing decisions, were programmed to maximize profits, and had access to...
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Horizontal agreements (i.e., price fixing, bid rigging, wage fixing, or market allocation) between firms can be difficult to prove. CRA uses rigorous, objective economic analysis to assess the plausibility of collusion claims, alleged facilitating devices, and plus factors, to determine whether an alleged horizontal agreement harmed competition and consumers, and to quantify any harm. Our experts also evaluate the scope of alleged conspiracies, identifying affected product lines, the harmed customers, and relevant time periods. CRA experts also have recognized expertise in critiquing opposing expert damage estimates and providing pretrial evaluations of damage claims and methodologies.
Our economists have knowledge of and experience in a wide range of price fixing cases. Some of our recent cases have involved electronic component manufacturers, computer devices, and physician services.
Antitrust lawyers have raised concerns that if AI algorithms were able to control pricing decisions, were programmed to maximize profits, and had access to...
In this chapter, the author explains why gross margins and diversion ratios are crucial for understanding the economic principles that underlie the unilateral...