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020 _a9780674973336
_qPDF
024 7 _a10.4159/9780674973336
_2doi
035 _a(DE-B1597)9780674973336
035 _a(DE-B1597)479811
035 _a(OCoLC)984658148
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHF5548.32
_b.E996 2016
072 7 _aBUS000000
_2bisacsh
082 0 4 _a381/.142
_223
084 _aonline - DeGruyter
100 1 _aEzrachi, Ariel
_eautore
245 1 0 _aVirtual Competition :
_bThe Promise and Perils of the Algorithm-Driven Economy /
_cAriel Ezrachi.
264 1 _aCambridge, MA :
_bHarvard University Press,
_c[2017]
264 4 _c©2016
300 _a1 online resource (300 p.) :
_b3 halftones, 3 graphs
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tPart I. Setting the Scene --
_t1. The Promise of a Better Competitive Environment --
_t2. New Economic Reality: Th e Rise of Big Data and Big Analytics --
_t3. Light Touch Antitrust --
_t4. Looking beyond the Façade of Competition --
_tPart II. The Collusion Scenarios --
_t5. The Messenger Scenario --
_t6. Hub and Spoke --
_t7. Tacit Collusion on Ste roids: The Predictable Agent --
_t8. Artificial Intelligence, God View, and the Digital Eye --
_tPart III. Behavioral Discrimination --
_t9. Price Discrimination (Briefly) Explained --
_t10. The Age of Perfect Price Discrimination? --
_t11. The Rise of “Almost Perfect” Behavioral Discrimination --
_t12. Behavioral Discrimination: Economic and Social Perspectives --
_t13. The Comparison Intermediaries --
_tPart IV. Frenemies --
_t14. The Dynamic Interplay among Frenemies --
_t15. Extraction and Capture --
_t16. “Why Invite an Arsonist to Your Home?” Understanding the Frenemy Mentality --
_t17. The Future of Frenemy: Th e Rise of Personal Assistants --
_tPart V. Intervention --
_t18. To Regulate or Not to Regulate --
_t19. The Enforcement Toolbox --
_tFinal Reflections --
_tNotes --
_tAcknowledgments --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aShoppers with Internet access and a bargain-hunting impulse can find a universe of products at their fingertips. In this thought-provoking exposé, Ariel Ezrachi and Maurice Stucke invite us to take a harder look at today’s app-assisted paradise of digital shopping. While consumers reap many benefits from online purchasing, the sophisticated algorithms and data-crunching that make browsing so convenient are also changing the nature of market competition, and not always for the better. Computers colluding is one danger. Although long-standing laws prevent companies from fixing prices, data-driven algorithms can now quickly monitor competitors’ prices and adjust their own prices accordingly. So what is seemingly beneficial—increased price transparency—ironically can end up harming consumers. A second danger is behavioral discrimination. Here, companies track and profile consumers to get them to buy goods at the highest price they are willing to pay. The rise of super-platforms and their “frenemy” relationship with independent app developers raises a third danger. By controlling key platforms (such as the operating system of smartphones), data-driven monopolies dictate the flow of personal data and determine who gets to exploit potential buyers. Virtual Competition raises timely questions. To what extent does the “invisible hand” still hold sway? In markets continually manipulated by bots and algorithms, is competitive pricing an illusion? Can our current laws protect consumers? The changing market reality is already shifting power into the hands of the few. Ezrachi and Stucke explore the resulting risks to competition, our democratic ideals, and our economic and overall well-being.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 24. Aug 2021)
650 0 _aElectronic commerce.
650 0 _aPricing
_xTechnological innovations.
650 7 _aBUSINESS & ECONOMICS / General.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.4159/9780674973336
856 4 0 _uhttps://www.degruyter.com/isbn/9780674973336
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9780674973336.jpg
942 _cEB
999 _c193747
_d193747