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H. Stelmokaitis. when an Algorithm Becomes the Secretary of a Cartel
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In Western Europe and the US, many people have already experienced the situation in e-commerce: you view an item, don't buy it, come back a few hours later and the price on the screen is higher. This is called algorithmic pricing: the system automatically changes the price based on how many people want to buy, how you behave online, when and from where you view it, and what your competitors are offering.
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