Posted by Social Science Research Network
Rise of the Machines: Emerging Antitrust Issues Relating to Algorithm Bias and Automation
By Sheng Li & Claire (Chunying) Xie (NERA Economic Consulting)
Abstract: Artificial intelligence-driven automation has been hailed as a key driver of the “Fourth Industrial Revolution,” but there have also been warnings that they “have the potential to disrupt the current livelihoods of millions of Americans.” As automation reshapes competitive landscapes across industries, new antitrust issues will undoubtedly arise. This paper focuses on two areas of automation that have begun to draw attention from antitrust regulators: algorithm bias in online services and potential price fixing resulting from automated pricing algorithms.
