AI Pricing Algorithms: An Exploration Into the Impact of Algorithm Design

Ariel Pakes (Harvard University)

June 15, 2022, 12:30–13:30

Auditorium A5

Digital Workshop

We consider: synchronous and asynchronous learning rules, ”Off-line” (costless) vs ”On-line” (costly) experimentation, and the performance of off-line learning rules in on-line settings. Some preliminary results on the possibilities for collusion using AI pricing algorithms, and the choice of algorithm will also be provided.