Cover: Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy, from Harvard University PressCover: Virtual Competition in HARDCOVER

Virtual Competition

The Promise and Perils of the Algorithm-Driven Economy

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Product Details

HARDCOVER

$29.95 • £23.95 • €27.00

ISBN 9780674545472

Publication: November 2016

Academic Trade

368 pages

6-1/8 x 9-1/4 inches

3 halftones, 3 graphs

World

  • Preface
  • I. Setting the Scene
    • 1. The Promise of a Better Competitive Environment
    • 2. New Economic Reality: The Rise of Big Data and Big Analytics
    • 3. Light Touch Antitrust
    • 4. Looking beyond the Façade of Competition
  • II. The Collusion Scenarios
    • 5. The Messenger Scenario
    • 6. Hub and Spoke
    • 7. Tacit Collusion on Steroids: The Predictable Agent
    • 8. Artificial Intelligence, God View, and the Digital Eye
  • III. Behavioral Discrimination
    • 9. Price Discrimination (Briefly) Explained
    • 10. The Age of Perfect Price Discrimination?
    • 11. The Rise of “Almost Perfect” Behavioral Discrimination
    • 12. Behavioral Discrimination: Economic and Social Perspectives
    • 13. The Comparison Intermediaries
  • IV. Frenemies
    • 14. The Dynamic Interplay among Frenemies
    • 15. Extraction and Capture
    • 16. “Why Invite an Arsonist to Your Home?”: Understanding the Frenemy Mentality
    • 17. The Future of Frenemy: The Rise of Personal Assistants
  • V. Intervention
    • 18. To Regulate or Not to Regulate
    • 19. The Enforcement Toolbox
  • Final Reflections
  • Notes
  • Acknowledgments
  • Index