Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy
Ariel Ezrachi; Maurice E. Stucke
Language: English
Published by Harvard University Press, Cambridge, 2016
- First Edition
- Hardcover
- Used
Seller: Amazing Book Company, Liphook, United KingdomAmazing Book Company
AbeBooks seller since October 25, 2007
Condition: Used - As new
£ 17.50
Quantity: 1 available
Add to basketItem description from seller
This mint unread copy is bound in cloth covered boards with bright gilt titling to the spine, tight, white, bright and square. The unclipped dust wrapper is in mint condition. International postal rates are calculated on a book weighing 1 Kilo, in cases where the book weighs less then postage will be reduced accordingly. Where the book weighs more than 1 Kilo increased charges will be quoted. Shoppers with Internet access and a bargain-hunting impulse can find a universe of products at their fingertips. In this thought-provoking exposé, Ariel Ezrachi and Maurice Stucke invite us to take a harder look at today s app-assisted paradise of digital shopping. While consumers reap many benefits from online purchasing, the sophisticated algorithms and data-crunching that make browsing so convenient are also changing the nature of market competition, and not always for the better. Computers colluding is one danger. Although long-standing laws prevent companies from fixing prices, data-driven algorithms can now quickly monitor competitors prices and adjust their own prices accordingly. So what is seemingly beneficial increased price transparency ironically can end up harming consumers. A second danger is behavioral discrimination. Here, companies track and profile consumers to get them to buy goods at the highest price they are willing to pay. The rise of super-platforms and their frenemy relationship with independent app developers raises a third danger. By controlling key platforms (such as the operating system of smartphones), data-driven monopolies dictate the flow of personal data and determine who gets to exploit potential buyers. Virtual Competition raises timely questions. To what extent does the invisible hand still hold sway? In markets continually manipulated by bots and algorithms, is competitive pricing an illusion? Can our current laws protect consumers? The changing market reality is already shifting power into the hands of the few. Ezrachi and Stucke explore the resulting risks to competition, our democratic ideals, and our economic and overall well-being Ref B3.…
Seller Inventory # 017382
- Title
- Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy
- Author
- Ariel Ezrachi; Maurice E. Stucke
- Publisher
- Harvard University Press, Cambridge
- Publication year
- 2016
- Condition
- Mint
- Dust jacket
- Mint
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0674545478
- ISBN 13
- 9780674545472
- Edition
- First Edition
- Dimensions
- 356pp
Shoppers with Internet access and a bargain-hunting impulse can find a universe of products at their fingertips. In this thought-provoking expose, Ariel Ezrachi and Maurice Stucke invite us to take a harder look at today's app-assisted paradise of digital shopping. While consumers reap many benefits from online purchasing, the sophisticated algorithms and data-crunching that make browsing so convenient are also changing the nature of market competition, and not always for the better.
Computers colluding is one danger. Although longstanding laws prevent companies from fixing prices, data-driven algorithms can now quickly monitor competitors prices and adjust their own prices accordingly. So what is seemingly beneficial increased price transparency ironically can end up harming consumers. A second danger is behavioural discrimination. Here, companies track and profile consumers to get them to buy goods at the highest price they are willing to pay. The rise of super-platforms and their "frenemy" relationship with independent app developers raises a third danger. By controlling key platforms (such as the operating system of smart phones), data-driven monopolies dictate the flow of personal data and determine who gets to exploit potential buyers.
Virtual Competition raises timely questions. To what extent does the "invisible hand" still hold sway? In markets continually manipulated by bots and algorithms, is competitive pricing an illusion? Can our current laws protect consumers? The changing market reality is already shifting power into the hands of the few. Ezrachi and Stucke explore the resulting risks to competition, our democratic ideals, and our economic and overall well-being.
"Synopsis" may belong to another edition of this title.
About the Author
Maurice E. Stucke is Professor of Law at the University of Tennessee and co-founder of The Konkurrenz Group.
"About the title" may belong to another edition of this title.
Amazing Book Company
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AbeBooks seller since October 25, 2007
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