Contestable Markets and Telecommunications

1989 ◽  
pp. 127-142
Author(s):  
Richard E. Simnett
Keyword(s):  
Contestable Markets

scholarly journals Algorithmic Pricing and Price Gouging. Consequences of High-Impact, Low Probability Events

2021 ◽  
Vol 13 (5) ◽  
pp. 2542
Author(s):  
Juan Manuel Sánchez-Cartas ◽  
Alberto Tejero ◽  
Gonzalo León
Keyword(s):  
Algorithm Design ◽  
High Impact ◽  
Design Features ◽  
Market Conditions ◽  
External Market ◽  
Contestable Markets ◽  
Terror Attacks ◽  
Low Probability ◽  
Price Gouging ◽  
Impact Events

Algorithmic pricing may lead to more efficient and contestable markets, but high-impact, low-probability events such as terror attacks or heavy storms may lead to price gouging, which may trigger injunctions or get sellers banned from platforms such as Amazon or eBay. This work addresses how such events may impact prices when set by an algorithm and how different markets may be affected. We analyze how to mitigate these high-impact events by paying attention to external (market conditions) and internal (algorithm design) features surrounding the algorithms. We find that both forces may help in partially mitigating price gouging, but it remains unknown which forces or features may lead to complete mitigation.

Technical Change, Economies of Scope and Contestable Markets.

1986 ◽  
Vol 54 (2) ◽  
pp. 113-119
Author(s):  
D.E. ALLEN ◽  
J.N. CROOK ◽  
W.D. REEKIE
Keyword(s):  
Technical Change ◽  
Economies Of Scope ◽  
Contestable Markets

MONOPOLY AND EX-POST CONTESTABLE MARKETS

1990 ◽  
Vol 29 (54) ◽  
pp. 128-140 ◽  
Author(s):  
ELIE APPELBAUM ◽  
CHIN LIM
Keyword(s):  
Contestable Markets ◽  
Ex Post

scholarly journals Contestable Markets under Uncertainty

1985 ◽  
Vol 16 (1) ◽  
pp. 28 ◽  
Author(s):  
Elie Appelbaum ◽  
Chin Lim
Keyword(s):  
Contestable Markets
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