ERC Advanced Grant · 2022
Artificial Intelligence and Competition
AI algorithms are increasingly being used in markets. It is generally agreed that they create a wealth of value by facilitating economic interactions. However, there are also concerns that when applied to market environments, they could lessen competition and harm consumers. This proposal sets forth an important first step of an articulated research program on AI and Competition. The proposal is structured as three organic projects focusing on two important classes of AI algorithms. The first class, price-setting algorithms, are tools that are used by online merchants to set retail prices. As the algorithms of each merchant interact in a common market, they can mutually learn to defeat…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.