000			04099cam a2200373Ii 4500
001			ocn962753177
003			OCoLC
005			20240726105032.0
008			161116s2016 maua ob 001 0 eng d
040			_aNT _beng _erda _epn _cNT _dNT _dEBLCP _dELW _dYDX _dCCO _dIDB _dCSAIL _dZCU _dVLB _dNRC _dOCLCQ _dQCL _dRRP _dOCLCF _dINT _dOCLCQ _dUKAHL _dQGK _dJSTOR
020			_a9780674973336 _q((electronic)l(electronic)ctronic)
050	0	4	_aHF5548 _b.V578 2016
049			_aMAIN
100	1		_aEzrachi, Ariel, _d1971- _e1
245	1	0	_aVirtual competition : _bthe promise and perils of the algorithm-driven economy / _cAriel Ezrachi, Maurice E. Stucke.
260			_aCambridge, Massachusetts : _bHarvard University Press, _c(c)2016.
300			_a1 online resource (viii, 356 pages) : _billustrations
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
520	0		_aIn 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.-- _cProvided by publisher.
504			_a2
505	0	0	_aPart I. Setting the scene: The promise of a better competitive environment -- _tNew economic reality: The rise of big data and big analytics -- _tLight touch antitrust -- _tLooking beyond the facade of competition -- _tPart II. The collusion scenarios: The messenger scenario -- _tHub and spoke -- _tTacit collusion on steroids: The predictable agent -- _tArtificial intelligence, God view, and the digital eye -- _tPart III. Behavioral discrimination: Price discrimination (briefly) explained -- _tThe age of perfect price discrimination? -- _tThe rise of "almost perfect" behavioral discrimination -- _tBehavioral discrimination: Economic and social perspectives -- _tThe comparison intermediaries -- _tPart IV. Frenemies: The dynamic interplay among frenemies -- _tExtraction and capture -- _t"Why invite a arsonist to your home?": Understanding the frenemy mentality -- _tThe future of frenemy: The rise of personal assistants -- _tPart V. Intervention: To regulate or not to regulate -- _tThe enforcement toolbox -- _tFinal reflections.
530			_a2 _ub
650		0	_aElectronic commerce.
650		0	_aPricing _xTechnological innovations.
655		1	_aElectronic Books.
700	1		_aStucke, Maurice E., _e1
856	4	0	_uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1415371&site=eds-live&custid=s3260518 _zClick to access digital title | log in using your CIU ID number and my.ciu.edu password
942			_cOB _D _eEB _hHF. _m2016 _QOL _R _x _8NFIC _2LOC
994			_a92 _bNT
999			_c86752 _d86752
902			_a1 _bCynthia Snell _c1 _dCynthia Snell