Algorithmic pricing and market coordination – toward a notion of ‘collusive risk’
Over the past couple of years, many competition and antitrust scholars have feared the dawn of ‘algorithmic collusion’. Some have thus suggested expanding the notions of ‘collusion’ and ‘agreement’ in order to capture such coordination. Rather than using an expansive reading of ‘collusion’, th...
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2020
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| Source: | THEMIS: Revista de Derecho, ISSN 1810-9934, Nº. 78, 2020 (Ejemplar dedicado a: Competencia), pags. 241-255 |
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dialnet-ar-18-ART00014771942021-10-02Algorithmic pricing and market coordination – toward a notion of ‘collusive risk’Mendelsohn, Juliane K.Algorithmic pricingcollusive riskArticle 101(1) TFEUartificial intelligencecoordinationPrecio algorítmicoriesgo colusivoartículo 101(1) del Tratado de Funcionamiento de la Unión Europeainteligencia artificialcoordinaciónOver the past couple of years, many competition and antitrust scholars have feared the dawn of ‘algorithmic collusion’. Some have thus suggested expanding the notions of ‘collusion’ and ‘agreement’ in order to capture such coordination. Rather than using an expansive reading of ‘collusion’, the author of this article suggests an approach that works with the core and original intent of Article 101(1) TFEU: the fostering of independent conduct and prevention of market coordination. It finds this to be doctrinally undisputed and also consistent with longstanding competition policy debates, as well as an egalitarian notion of price that lays the foundation of the free market economy. On this basis, and considering given uncertainties, an operational notion of ‘collusive risk’ is put forward.En los últimos años, varios investigadores especializados en temas de competencia han evidenciado cierto temor por el surgimiento de la llamada ‘colusión algorítmica’. A este respecto, algunos de ellos han sugerido expandir los conceptos de ‘colusión’ y ‘acuerdo’ con el propósito de englobar los alcances de este tipo de coordinación. A diferencia de la mayoría de trabajos, la autora de este artículo propone una aproximación que se adecúe a la intención central y originaria del artículo 101(1) del Tratado de Funcionamiento de la Unión Europea: la promoción de conductas independientes y la prevención de la coordinación de mercados. Este artículo concuerda con que lo anterior es indiscutible doctrinariamente y también que se condice con los permanentes debates sobre políticas de competencia, así como con la noción igualitaria del precio que yace en las fundaciones de la economía de libre mercado. Sobre la base de ello, y tomando en consideración determinadas incertidumbres presentadas, se propone una noción operacional de ‘riesgo colusivo’.2020text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=8073051(Revista) ISSN 1810-9934THEMIS: Revista de Derecho, ISSN 1810-9934, Nº. 78, 2020 (Ejemplar dedicado a: Competencia), pags. 241-255engLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI
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THEMIS: Revista de Derecho, ISSN 1810-9934, Nº. 78, 2020 (Ejemplar dedicado a: Competencia), pags. 241-255
|
| language |
English
|
| topic |
Algorithmic pricing
collusive risk Article 101(1) TFEU artificial intelligence coordination Precio algorítmico riesgo colusivo artículo 101(1) del Tratado de Funcionamiento de la Unión Europea inteligencia artificial coordinación |
| spellingShingle |
Algorithmic pricing
collusive risk Article 101(1) TFEU artificial intelligence coordination Precio algorítmico riesgo colusivo artículo 101(1) del Tratado de Funcionamiento de la Unión Europea inteligencia artificial coordinación Mendelsohn, Juliane K. Algorithmic pricing and market coordination – toward a notion of ‘collusive risk’ |
| description |
Over the past couple of years, many competition
and antitrust scholars have feared the dawn
of ‘algorithmic collusion’. Some have thus
suggested expanding the notions of ‘collusion’ and
‘agreement’ in order to capture such coordination.
Rather than using an expansive reading of
‘collusion’, the author of this article suggests an
approach that works with the core and original
intent of Article 101(1) TFEU: the fostering of
independent conduct and prevention of market
coordination. It finds this to be doctrinally
undisputed and also consistent with longstanding
competition policy debates, as well as an
egalitarian notion of price that lays the foundation
of the free market economy. On this basis, and
considering given uncertainties, an operational
notion of ‘collusive risk’ is put forward.
|
| format |
Article
|
| author |
Mendelsohn, Juliane K.
|
| author_facet |
Mendelsohn, Juliane K.
|
| author_sort |
Mendelsohn, Juliane K.
|
| title |
Algorithmic pricing and market coordination – toward a notion of ‘collusive risk’
|
| title_short |
Algorithmic pricing and market coordination – toward a notion of ‘collusive risk’
|
| title_full |
Algorithmic pricing and market coordination – toward a notion of ‘collusive risk’
|
| title_fullStr |
Algorithmic pricing and market coordination – toward a notion of ‘collusive risk’
|
| title_full_unstemmed |
Algorithmic pricing and market coordination – toward a notion of ‘collusive risk’
|
| title_sort |
algorithmic pricing and market coordination – toward a notion of ‘collusive risk’
|
| publishDate |
2020
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| url |
https://dialnet.unirioja.es/servlet/oaiart?codigo=8073051
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| _version_ |
1712818862092713984
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