Algorithmic Pricing and Market Competition

Erscheinungsjahr 2027
ISBN: 978-981-9279-13-5
Verlag: Palgrave Macmillan

Buch, Englisch, 150 Seiten, Format (B × H): 148 mm x 210 mm

This book examines algorithmic pricing, defined as the use of algorithms to determine prices, and its implications for competition. The impact of algorithmic pricing on competitive markets is analysed systematically through three complementary approaches: theoretical, empirical, and simulation-based.

The book begins by situating algorithmic pricing within the broader context of product pricing and presents an empirical analysis of the factors driving firms to adopt these technologies. It then explores the theory of algorithmic collusion, using computer simulations to investigate how different learning mechanisms influence collusive outcomes. Drawing on real-world data from online retail markets, the book further examines the prevalence and competitive effects of algorithmic pricing in practice. Finally, it considers the broader implications of algorithmic pricing for competition law and policy.

Zielgruppe

Research

Autoren/Hrsg.

Lee, Cassey

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Management Forschung & Entwicklung (F&E), Innovation
• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management E-Commerce, E-Business, E-Marketing
• Mathematik | Informatik EDV | Informatik Angewandte Informatik Computeranwendungen in Geistes- und Sozialwissenschaften
• Mathematik | Informatik EDV | Informatik Informatik Mathematik für Informatiker
• Wirtschaftswissenschaften Betriebswirtschaft Marktforschung

Inhaltsverzeichnis

1 The Landscape of Pricing and Algorithmic Pricing.- 2 Algorithmic Pricing in Singapore.- 3 Algorithmic Collusion: Concepts, Theories and Simulations.- 4 Algorithmic Pricing with Learning in Oligopoly.- 5 Pricing in Online Grocery Markets: Challenges in Monitoring Competition.- 6 Competition Policy in the Age of Algorithms.

Über Autor(innen)

Dr Cassey Lee is a Principal Fellow and Coordinator of the Regional Economic Studies Programme at the ISEAS – Yusof Ishak Institute, Singapore. He is also an Honorary Professor at the Faculty of Business and Economics at the University of Malaya, Malaysia. Prior to joining ISEAS, Dr Lee held academic appointments at the University of Wollongong, Nottingham University Business School (Malaysia) and University of Malaya. He is the co-managing editor of the and associate editor of the and . His research interests include competition policy, industrial policy and structural change.