By: Antonio Capobianco (ProMarket)
Few would dispute the illegality of prices being fixed by competitors in a secretive meeting. However, what about prices determined by algorithms? Should they also be condemned? Are servers and clouds replacing the traditional smoke-filled rooms? Can algorithms exclude competitors or exploit consumers? Do competition authorities and regulators possess the necessary tools to address the potential competition issues arising from algorithms and artificial intelligence (AI)?
In this article, we delve into the thought-provoking questions arising from the growing adoption and utilization of algorithms in the realm of antitrust. We explore the challenges faced by antitrust enforcement and examine whether the existing antitrust laws are equipped to effectively tackle these challenges…
