Virtual competition :: the promise and perils of the algorithm-driven economy /
In this book Ariel Ezrachi and Maurice Stucke take a hard look at today's app-assisted 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...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Massachusetts :
Harvard University Press,
2016.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | In this book Ariel Ezrachi and Maurice Stucke take a hard look at today's app-assisted 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 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 superplatforms 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. The book 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.-- |
| Beschreibung: | 1 online resource (viii, 356 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780674973336 067497333X |
Internformat
MARC
| LEADER | 00000cam a2200000 i 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBU-ocn962753177 | ||
| 003 | OCoLC | ||
| 005 | 20241004212047.0 | ||
| 006 | m o d | ||
| 007 | cr cnu---unuuu | ||
| 008 | 161116s2016 maua ob 001 0 eng d | ||
| 040 | |a N$T |b eng |e rda |e pn |c N$T |d N$T |d EBLCP |d ELW |d YDX |d CCO |d IDB |d CSAIL |d ZCU |d VLB |d NRC |d OCLCQ |d QCL |d RRP |d OCLCF |d INT |d OCLCQ |d UKAHL |d QGK |d JSTOR |d OCLCO |d OCLCQ |d OCLCO |d OCLCL |d OCLCQ | ||
| 019 | |a 962844264 |a 964329503 |a 964378946 | ||
| 020 | |a 9780674973336 |q (electronic bk.) | ||
| 020 | |a 067497333X |q (electronic bk.) | ||
| 020 | |z 9780674545472 | ||
| 020 | |z 0674545478 | ||
| 035 | |a (OCoLC)962753177 |z (OCoLC)962844264 |z (OCoLC)964329503 |z (OCoLC)964378946 | ||
| 037 | |a 4742341 |b Proquest Ebook Central | ||
| 037 | |a 22573/ctv24v7g58 |b JSTOR | ||
| 050 | 4 | |a HF5548.32 |b .E996 2016 | |
| 072 | 7 | |a BUS |x 073000 |2 bisacsh | |
| 072 | 7 | |a BUS |x 043000 |2 bisacsh | |
| 072 | 7 | |a BUS |x 058000 |2 bisacsh | |
| 072 | 7 | |a BUS |x 000000 |2 bisacsh | |
| 072 | 7 | |a BUS |x 090000 |2 bisacsh | |
| 072 | 7 | |a LAW |x 005000 |2 bisacsh | |
| 072 | 7 | |a LAW |x 020000 |2 bisacsh | |
| 082 | 7 | |a 381/.142 |2 23 | |
| 084 | |a LAW005000 |a BUS090000 |a LAW020000 |a BUS040000 |2 bisacsh | ||
| 049 | |a MAIN | ||
| 100 | 1 | |a Ezrachi, Ariel, |d 1971- |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjBHKTrVDw89FKmDbYfm8d |0 http://id.loc.gov/authorities/names/nr2002043693 | |
| 245 | 1 | 0 | |a Virtual competition : |b the promise and perils of the algorithm-driven economy / |c Ariel Ezrachi, Maurice E. Stucke. |
| 264 | 1 | |a Cambridge, Massachusetts : |b Harvard University Press, |c 2016. | |
| 300 | |a 1 online resource (viii, 356 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a text file |b PDF |2 rda | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a In this book Ariel Ezrachi and Maurice Stucke take a hard look at today's app-assisted 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 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 superplatforms 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. The book 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.-- |c Provided by publisher. | ||
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a Part I. Setting the scene: The promise of a better competitive environment -- New economic reality: The rise of big data and big analytics -- Light touch antitrust -- Looking beyond the facade of competition -- Part II. The collusion scenarios: The messenger scenario -- Hub and spoke -- Tacit collusion on steroids: The predictable agent -- Artificial intelligence, God view, and the digital eye -- Part III. Behavioral discrimination: Price discrimination (briefly) explained -- The age of perfect price discrimination? -- The rise of "almost perfect" behavioral discrimination -- Behavioral discrimination: Economic and social perspectives -- The comparison intermediaries -- Part IV. Frenemies: The dynamic interplay among frenemies -- Extraction and capture -- "Why invite a arsonist to your home?": Understanding the frenemy mentality -- The future of frenemy: The rise of personal assistants -- Part V. Intervention: To regulate or not to regulate -- The enforcement toolbox -- Final reflections. | |
| 650 | 0 | |a Electronic commerce. |0 http://id.loc.gov/authorities/subjects/sh96008434 | |
| 650 | 0 | |a Pricing |x Technological innovations. | |
| 650 | 6 | |a Commerce électronique. | |
| 650 | 6 | |a Prix |x Fixation |x Innovations. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Commerce. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Marketing |x General. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Sales & Selling |x General. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS / General |2 bisacsh | |
| 650 | 7 | |a Electronic commerce |2 fast | |
| 700 | 1 | |a Stucke, Maurice E., |e author. |0 http://id.loc.gov/authorities/names/no2016067901 | |
| 758 | |i has work: |a Virtual competition (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGVXYvqJJKv7cHyD6Vcqw3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Ezrachi, Ariel, 1971- |t Virtual competition. |d Cambridge, Massachusetts : Harvard University Press, 2016 |z 9780674545472 |w (DLC) 2016018188 |w (OCoLC)946907251 |
| 856 | 4 | 0 | |l FWS01 |p ZDB-4-EBU |q FWS_PDA_EBU |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1415371 |3 Volltext |
| 938 | |a Askews and Holts Library Services |b ASKH |n AH37532129 | ||
| 938 | |a EBL - Ebook Library |b EBLB |n EBL4742341 | ||
| 938 | |a EBSCOhost |b EBSC |n 1415371 | ||
| 938 | |a YBP Library Services |b YANK |n 13052011 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBU | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBU-ocn962753177 |
|---|---|
| _version_ | 1816796925081419776 |
| adam_text | |
| any_adam_object | |
| author | Ezrachi, Ariel, 1971- Stucke, Maurice E. |
| author_GND | http://id.loc.gov/authorities/names/nr2002043693 http://id.loc.gov/authorities/names/no2016067901 |
| author_facet | Ezrachi, Ariel, 1971- Stucke, Maurice E. |
| author_role | aut aut |
| author_sort | Ezrachi, Ariel, 1971- |
| author_variant | a e ae m e s me mes |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HF5548 |
| callnumber-raw | HF5548.32 .E996 2016 |
| callnumber-search | HF5548.32 .E996 2016 |
| callnumber-sort | HF 45548.32 E996 42016 |
| callnumber-subject | HF - Commerce |
| collection | ZDB-4-EBU |
| contents | Part I. Setting the scene: The promise of a better competitive environment -- New economic reality: The rise of big data and big analytics -- Light touch antitrust -- Looking beyond the facade of competition -- Part II. The collusion scenarios: The messenger scenario -- Hub and spoke -- Tacit collusion on steroids: The predictable agent -- Artificial intelligence, God view, and the digital eye -- Part III. Behavioral discrimination: Price discrimination (briefly) explained -- The age of perfect price discrimination? -- The rise of "almost perfect" behavioral discrimination -- Behavioral discrimination: Economic and social perspectives -- The comparison intermediaries -- Part IV. Frenemies: The dynamic interplay among frenemies -- Extraction and capture -- "Why invite a arsonist to your home?": Understanding the frenemy mentality -- The future of frenemy: The rise of personal assistants -- Part V. Intervention: To regulate or not to regulate -- The enforcement toolbox -- Final reflections. |
| ctrlnum | (OCoLC)962753177 |
| dewey-full | 381/.142 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 381 - Commerce (Trade) |
| dewey-raw | 381/.142 |
| dewey-search | 381/.142 |
| dewey-sort | 3381 3142 |
| dewey-tens | 380 - Commerce, communications, transportation |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>05788cam a2200697 i 4500</leader><controlfield tag="001">ZDB-4-EBU-ocn962753177</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20241004212047.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr cnu---unuuu</controlfield><controlfield tag="008">161116s2016 maua ob 001 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">N$T</subfield><subfield code="b">eng</subfield><subfield code="e">rda</subfield><subfield code="e">pn</subfield><subfield code="c">N$T</subfield><subfield code="d">N$T</subfield><subfield code="d">EBLCP</subfield><subfield code="d">ELW</subfield><subfield code="d">YDX</subfield><subfield code="d">CCO</subfield><subfield code="d">IDB</subfield><subfield code="d">CSAIL</subfield><subfield code="d">ZCU</subfield><subfield code="d">VLB</subfield><subfield code="d">NRC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">QCL</subfield><subfield code="d">RRP</subfield><subfield code="d">OCLCF</subfield><subfield code="d">INT</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">UKAHL</subfield><subfield code="d">QGK</subfield><subfield code="d">JSTOR</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCL</subfield><subfield code="d">OCLCQ</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">962844264</subfield><subfield code="a">964329503</subfield><subfield code="a">964378946</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780674973336</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">067497333X</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9780674545472</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">0674545478</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)962753177</subfield><subfield code="z">(OCoLC)962844264</subfield><subfield code="z">(OCoLC)964329503</subfield><subfield code="z">(OCoLC)964378946</subfield></datafield><datafield tag="037" ind1=" " ind2=" "><subfield code="a">4742341</subfield><subfield code="b">Proquest Ebook Central</subfield></datafield><datafield tag="037" ind1=" " ind2=" "><subfield code="a">22573/ctv24v7g58</subfield><subfield code="b">JSTOR</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HF5548.32</subfield><subfield code="b">.E996 2016</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">073000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">043000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">058000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">000000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">090000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">LAW</subfield><subfield code="x">005000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">LAW</subfield><subfield code="x">020000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">381/.142</subfield><subfield code="2">23</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">LAW005000</subfield><subfield code="a">BUS090000</subfield><subfield code="a">LAW020000</subfield><subfield code="a">BUS040000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Ezrachi, Ariel,</subfield><subfield code="d">1971-</subfield><subfield code="e">author.</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCjBHKTrVDw89FKmDbYfm8d</subfield><subfield code="0">http://id.loc.gov/authorities/names/nr2002043693</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Virtual competition :</subfield><subfield code="b">the promise and perils of the algorithm-driven economy /</subfield><subfield code="c">Ariel Ezrachi, Maurice E. Stucke.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Massachusetts :</subfield><subfield code="b">Harvard University Press,</subfield><subfield code="c">2016.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (viii, 356 pages) :</subfield><subfield code="b">illustrations</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="347" ind1=" " ind2=" "><subfield code="a">text file</subfield><subfield code="b">PDF</subfield><subfield code="2">rda</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">In this book Ariel Ezrachi and Maurice Stucke take a hard look at today's app-assisted 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 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 superplatforms 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. The book 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.--</subfield><subfield code="c">Provided by publisher.</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references and index.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Part I. Setting the scene: The promise of a better competitive environment -- New economic reality: The rise of big data and big analytics -- Light touch antitrust -- Looking beyond the facade of competition -- Part II. The collusion scenarios: The messenger scenario -- Hub and spoke -- Tacit collusion on steroids: The predictable agent -- Artificial intelligence, God view, and the digital eye -- Part III. Behavioral discrimination: Price discrimination (briefly) explained -- The age of perfect price discrimination? -- The rise of "almost perfect" behavioral discrimination -- Behavioral discrimination: Economic and social perspectives -- The comparison intermediaries -- Part IV. Frenemies: The dynamic interplay among frenemies -- Extraction and capture -- "Why invite a arsonist to your home?": Understanding the frenemy mentality -- The future of frenemy: The rise of personal assistants -- Part V. Intervention: To regulate or not to regulate -- The enforcement toolbox -- Final reflections.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Electronic commerce.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh96008434</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Pricing</subfield><subfield code="x">Technological innovations.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Commerce électronique.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Prix</subfield><subfield code="x">Fixation</subfield><subfield code="x">Innovations.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Commerce.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Marketing</subfield><subfield code="x">General.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Sales & Selling</subfield><subfield code="x">General.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / General</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Electronic commerce</subfield><subfield code="2">fast</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Stucke, Maurice E.,</subfield><subfield code="e">author.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no2016067901</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">Virtual competition (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCGVXYvqJJKv7cHyD6Vcqw3</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="a">Ezrachi, Ariel, 1971-</subfield><subfield code="t">Virtual competition.</subfield><subfield code="d">Cambridge, Massachusetts : Harvard University Press, 2016</subfield><subfield code="z">9780674545472</subfield><subfield code="w">(DLC) 2016018188</subfield><subfield code="w">(OCoLC)946907251</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBU</subfield><subfield code="q">FWS_PDA_EBU</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1415371</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">Askews and Holts Library Services</subfield><subfield code="b">ASKH</subfield><subfield code="n">AH37532129</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBL - Ebook Library</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL4742341</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">1415371</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">13052011</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-4-EBU-ocn962753177 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:25Z |
| institution | BVB |
| isbn | 9780674973336 067497333X |
| language | English |
| oclc_num | 962753177 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (viii, 356 pages) : illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2016 |
| publishDateSearch | 2016 |
| publishDateSort | 2016 |
| publisher | Harvard University Press, |
| record_format | marc |
| spelling | Ezrachi, Ariel, 1971- author. https://id.oclc.org/worldcat/entity/E39PCjBHKTrVDw89FKmDbYfm8d http://id.loc.gov/authorities/names/nr2002043693 Virtual competition : the promise and perils of the algorithm-driven economy / Ariel Ezrachi, Maurice E. Stucke. Cambridge, Massachusetts : Harvard University Press, 2016. 1 online resource (viii, 356 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Print version record. In this book Ariel Ezrachi and Maurice Stucke take a hard look at today's app-assisted 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 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 superplatforms 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. The book 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.-- Provided by publisher. Includes bibliographical references and index. Part I. Setting the scene: The promise of a better competitive environment -- New economic reality: The rise of big data and big analytics -- Light touch antitrust -- Looking beyond the facade of competition -- Part II. The collusion scenarios: The messenger scenario -- Hub and spoke -- Tacit collusion on steroids: The predictable agent -- Artificial intelligence, God view, and the digital eye -- Part III. Behavioral discrimination: Price discrimination (briefly) explained -- The age of perfect price discrimination? -- The rise of "almost perfect" behavioral discrimination -- Behavioral discrimination: Economic and social perspectives -- The comparison intermediaries -- Part IV. Frenemies: The dynamic interplay among frenemies -- Extraction and capture -- "Why invite a arsonist to your home?": Understanding the frenemy mentality -- The future of frenemy: The rise of personal assistants -- Part V. Intervention: To regulate or not to regulate -- The enforcement toolbox -- Final reflections. Electronic commerce. http://id.loc.gov/authorities/subjects/sh96008434 Pricing Technological innovations. Commerce électronique. Prix Fixation Innovations. BUSINESS & ECONOMICS Commerce. bisacsh BUSINESS & ECONOMICS Marketing General. bisacsh BUSINESS & ECONOMICS Sales & Selling General. bisacsh BUSINESS & ECONOMICS / General bisacsh Electronic commerce fast Stucke, Maurice E., author. http://id.loc.gov/authorities/names/no2016067901 has work: Virtual competition (Text) https://id.oclc.org/worldcat/entity/E39PCGVXYvqJJKv7cHyD6Vcqw3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Ezrachi, Ariel, 1971- Virtual competition. Cambridge, Massachusetts : Harvard University Press, 2016 9780674545472 (DLC) 2016018188 (OCoLC)946907251 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1415371 Volltext |
| spellingShingle | Ezrachi, Ariel, 1971- Stucke, Maurice E. Virtual competition : the promise and perils of the algorithm-driven economy / Part I. Setting the scene: The promise of a better competitive environment -- New economic reality: The rise of big data and big analytics -- Light touch antitrust -- Looking beyond the facade of competition -- Part II. The collusion scenarios: The messenger scenario -- Hub and spoke -- Tacit collusion on steroids: The predictable agent -- Artificial intelligence, God view, and the digital eye -- Part III. Behavioral discrimination: Price discrimination (briefly) explained -- The age of perfect price discrimination? -- The rise of "almost perfect" behavioral discrimination -- Behavioral discrimination: Economic and social perspectives -- The comparison intermediaries -- Part IV. Frenemies: The dynamic interplay among frenemies -- Extraction and capture -- "Why invite a arsonist to your home?": Understanding the frenemy mentality -- The future of frenemy: The rise of personal assistants -- Part V. Intervention: To regulate or not to regulate -- The enforcement toolbox -- Final reflections. Electronic commerce. http://id.loc.gov/authorities/subjects/sh96008434 Pricing Technological innovations. Commerce électronique. Prix Fixation Innovations. BUSINESS & ECONOMICS Commerce. bisacsh BUSINESS & ECONOMICS Marketing General. bisacsh BUSINESS & ECONOMICS Sales & Selling General. bisacsh BUSINESS & ECONOMICS / General bisacsh Electronic commerce fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh96008434 |
| title | Virtual competition : the promise and perils of the algorithm-driven economy / |
| title_auth | Virtual competition : the promise and perils of the algorithm-driven economy / |
| title_exact_search | Virtual competition : the promise and perils of the algorithm-driven economy / |
| title_full | Virtual competition : the promise and perils of the algorithm-driven economy / Ariel Ezrachi, Maurice E. Stucke. |
| title_fullStr | Virtual competition : the promise and perils of the algorithm-driven economy / Ariel Ezrachi, Maurice E. Stucke. |
| title_full_unstemmed | Virtual competition : the promise and perils of the algorithm-driven economy / Ariel Ezrachi, Maurice E. Stucke. |
| title_short | Virtual competition : |
| title_sort | virtual competition the promise and perils of the algorithm driven economy |
| title_sub | the promise and perils of the algorithm-driven economy / |
| topic | Electronic commerce. http://id.loc.gov/authorities/subjects/sh96008434 Pricing Technological innovations. Commerce électronique. Prix Fixation Innovations. BUSINESS & ECONOMICS Commerce. bisacsh BUSINESS & ECONOMICS Marketing General. bisacsh BUSINESS & ECONOMICS Sales & Selling General. bisacsh BUSINESS & ECONOMICS / General bisacsh Electronic commerce fast |
| topic_facet | Electronic commerce. Pricing Technological innovations. Commerce électronique. Prix Fixation Innovations. BUSINESS & ECONOMICS Commerce. BUSINESS & ECONOMICS Marketing General. BUSINESS & ECONOMICS Sales & Selling General. BUSINESS & ECONOMICS / General Electronic commerce |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1415371 |
| work_keys_str_mv | AT ezrachiariel virtualcompetitionthepromiseandperilsofthealgorithmdriveneconomy AT stuckemauricee virtualcompetitionthepromiseandperilsofthealgorithmdriveneconomy |