Algorithmic collusion: Genuine or spurious?

B-Tier
Journal: International Journal of Industrial Organization
Year: 2023
Volume: 90
Issue: C

Authors (4)

Calvano, Emilio (Centro Studi di Economia e Fin...) Calzolari, Giacomo (not in RePEc) Denicolò, Vincenzo (not in RePEc) Pastorello, Sergio (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Reinforcement-learning pricing algorithms sometimes converge to supra-competitive prices even in markets where collusion is impossible by design or cannot be an equilibrium outcome. We analyze when such spurious collusion may arise, and when instead the algorithms learn genuinely collusive strategies, focusing on the role of the rate and mode of exploration.

Technical Details

RePEc Handle
repec:eee:indorg:v:90:y:2023:i:c:s0167718723000541
Journal Field
Industrial Organization
Author Count
4
Added to Database
2026-01-25