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Algorithms are now playing a central role in digital marketplaces, setting prices and automatically responding in real time to competitors’ behaviour. The deployment of automated pricing algorithms is scrutinized by economists and regulatory agencies, concerned about its impact on prices and competition. Existing research has so far been limited to cases where all firms use the same algorithm, suggesting that anti-competitive behaviour might spontaneously arise in that setting. Here we introduce and study a general anti-competitive mechanism, adversarial collusion, where one firm manipul...

This week in Other Barks & Bites: The U.S. Supreme Court denies a hearing to music publishers who accused a website of infringing on the copyright of live music performances; the U.S. Court of Appeals for the Federal Circuit (CAFC) issues two precedential patent opinions; and more.

Uncertainty is inherent in outsourcing complex business functions. Over the three-, five- and even ten-year deal terms common in outsourcing, business, market, and technology changes are both inevitable and difficult to predict.

This document provides methodology and guidance for economists preforming cost-benefit analyses in the health sector.

The EU’s conflict and crisis responses are challenged by increasingly complex conflict and security situations as well as strategic competition.