Virtual Competition: Promises and Dangers of Algorithmic Economics
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Before buyers who are looking for goods at the best prices on the Internet, a huge selection is opened. In this work, Ariel Ezrahi and Maurice Stags offer a new look at digital shopping. Although consumers receive a lot of benefits from online purchases, complex algorithms and data processing that make the search for goods so convenient, also change the nature of market competition, and not always for the better. Although existing legislation does not allow companies to manipulate prices based on data algorithms today can quickly monitor competitors" prices and correctly adjust their own prices. Ironically, what seems profitable - great transparency in relation to prices - can turn into harm for consumers.
Another danger is behavioral discrimination when companies are tracking users and trying to make them buy goods at the highest price that they are ready to pay.
The third danger is the emergence of superm platforms and their relationship of “friendship-rope” with independent application developers. By controlling the key platforms (for example, operating systems of smartphones), digital monopolies set the flows of personal data and determine who will operate potential buyers
Another danger is behavioral discrimination when companies are tracking users and trying to make them buy goods at the highest price that they are ready to pay.
The third danger is the emergence of superm platforms and their relationship of “friendship-rope” with independent application developers. By controlling the key platforms (for example, operating systems of smartphones), digital monopolies set the flows of personal data and determine who will operate potential buyers
Author:
Author:Стаки М., Эзрахи А.
Cover:
Cover:Hard
Category:
- Category:Business & Money
- Category:Science & Math
ISBN:
ISBN:978-5-85006-341-2
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