2024 Competing algorithms for law

Competing algorithms for law

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August undefined, 2024

Webuncritical deference to the idea that big data and the algorithms used to process the data are somehow infallible science. We believe this prob-lem is aggravated because … WebJun 7, 2024 · On January 19, 2024, the United Kingdom CMA provided a first look at a regulatory approach to AI collusion in a government publication entitled “Algorithms: …

Competition in Pricing Algorithms - New York University

Webpress.2 The idea that competition in pricing algorithms can lead to higher prices may be some-what surprising. Simple pricing algorithms, such as those we examine in this paper, do not “look collusive.” Moreover, in practice, many algorithms have a simple linear form.3 We also address the question of whether algorithms may lead to ... WebFeb 7, 2024 · Part of the doctrine underlines that algorithms may be used by competition authorities to detect algorithmic collusion.[15] Robots Computer war is not far off. As for the assignment of liability, there is no doubt as to lawyers’ ability to distribute it, whether to the company that is using the algorithm, to the company that created it, to ... husqvarna chainsaw 20 inch chain

ALGORITHMS & COMPETITION LAW

WebMar 10, 2015 · This Article offers the first descriptive and normative study of the implications of this shift away from humans to machines (the “robo-sellers”) for antitrust law. This change is a critical challenge for antitrust law – both in how it is currently applied and in highlighting and exacerbating its existing weaknesses. Webour lives as individuals and society (“algorithms are law”) •Differential privacy and fairness can arguably be seen as (the first?) ... •Competing societal values of useful … husqvarna chainsaw 335 xpt parts

The Cambridge Handbook of the Law of Algorithms

DEVELOPING COMPETITION LAW FOR COLLUSION BY …

WebMay 13, 2024 · In particular, in a third scenario known as ‘predictable agents’, the algorithms of competing firms practise mutual monitoring and continual adjustment to prices and market data with a view to maximising profits. This amounts to lightning-quick, highly stable conscious parallelism, also sometimes called ‘tacit collusion on steroids’. WebA good working knowledge of competition law will help you avoid being the next test case. In this article, we explore some common digital practices and the risks that these pose … husqvarna chain saw 240WebJan 1, 2024 · Antitrust and the Robo-Seller: Competition in the T ime of Algorithms, Minnesota Law Review, vol. 100, 2016, pp. 1323-1375 5 “With pricing software, detecting deviations from ‘recommended ... mary lou fox

"WebThough a new issue on the competition law landscape, collusive pricing through algorithms is rapidly gaining attention, as evidenced by recent speeches by the European Commissioner for Competition and the Chair of the Federal Trade Commission.2 Early contributions are Mehra (2014, 2016) and Ezrachi and Stucke (2015, 2016), and policy … " - Competing algorithms for law

Competing algorithms for law

The Fundamental Unimportance of Algorithmic Collusion for Antitrust Law

WebFeb 7, 2024 · To sum up, algorithmic collusion is not yet quantified, and even if it was, it would not raise fundamental problems for antitrust and competition law. The law will … WebThe Cambridge Handbook of the Law of Algorithms, which features contributions from US, EU, and Asian legal scholars, discusses the specific challenges algorithms pose not …

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http://jolt.law.harvard.edu/digest/the-fundamental-unimportance-of-algorithmic-collusion-for-antitrust-law WebJun 7, 2024 · The longer answer is that competition laws seem well-suited to address certain types of AI-related collusion, but ill-suited under current statutory frameworks to address other types of parallel conduct. Regarding the former, recent investigations, as well as the core principles underlying competition laws, suggest that algorithmic cartels will ...

Web2024] Competing Algorithms for Law 369 Some of this Article’s suggestions are probably best directed at legislatures, rather than at judges ruling on single cases with lit-igants … WebJan 22, 2024 · 256 subscribers. 179 views 1 year ago. Frank Fagan (EDHEC Business School) presented on his recent paper with Saul Levmore, “Competing Algorithms for Law: Sentencing, Admissions, and …

WebFeb 10, 2024 · I. Algorithmic collusion: Not a Fundamental Issue. The publication of Virtual Competition [6] in 2016 was a pivotal moment that began putting emphasis on the alleged danger of algorithmic collusion. In it, antitrust and competition law is described as powerless in the face of practices organized by computers, some of which are using … http://jolt.law.harvard.edu/digest/the-fundamental-unimportance-of-algorithmic-collusion-for-antitrust-law

WebAs one law firm noted in 2024, “[p]rice algorithms are clearly the ‘talk of the town’ in the European competition law community these days.” 1. During the summer of 2024, the law firm noted, [B]oth the Federal Cartel Office and the Austrian Federal Competition Authority have addressed the question of whether the use of price algorithms

Webssrn www Fri, 01/01/2024 - 12:00 Saul Levmore & Frank Fagan, "Competing Algorithms for Law: Sentencing, Admissions, and Employment," 88 University of Chicago Law … husqvarna chainsaw 240 maintenance kitWebcompetition. This approach, versions of which have been deployed in finance, would work well in law. We show how the state, a university, or an employer should set aside … husqvarna chainsaw 24 inchWebuncritical deference to the idea that big data and the algorithms used to process the data are somehow infallible science. We believe this prob-lem is aggravated because although algorithms are decidedly . not. mysti-cal things or dark mag ic, algorithms are not well understood outside the technical community. 22 husqvarna chainsaw 240 for saleWebJan 4, 2024 · In this article, we explain how algorithms work and what potential benefits and harms they bring to competition. In the modern economy, algorithms influence … husqvarna chainsaw 340 partsWebNov 19, 2024 · One of the aims of competition law is to ensure economic growth and protect consumer welfare. The regulatory concerns that competition law aims to address are issues such as abuse of dominance, merger control, anti-competitive agreements and other such anti-competitive behaviour. Pursuant to that, competition law essentially … husqvarna chainsaw 240 parts diagramWeb1. The EU competition law approach to hub-and-spoke arrangements 1. Hub-and-Spoke arrangements are triangular schemes that involve economic players operating at different levels of the supply chain, thus containing both horizontal and vertical elements. 2. In EU competition law, hub-and-spoke arrangements are mentioned in the section mary lou fricke huntington wvWebCOMPETING ALGORITHMS FOR LAW: SENTENCING, ADMISSIONS, AND EMPLOYMENT . Saul Levmore & Frank Fagan * Abstract . Algorithms have found their … husqvarna chainsaw 236 parts