Tag

Algorithmic Pricing

All articles tagged with #algorithmic pricing

business1 month ago•16 min saved

When Algorithms Raise Prices: The Amazon Antitrust Case

The FTC and 17 states allege Amazon uses real-time, AI-driven pricing to not only set its own prices but steer rivals’ strategies, including an anti-discounting algorithm and a proactive “Nessie” system that raised prices across the market via feedback loops. The case argues this unilateral algorithmic manipulation undermines competition, affects third‑party sellers, and may require new rules—such as limiting how often prices can change—while the trial proceeds.

via Washington Monthly|

#algorithmic-pricing #amazon #antitrust

business2 months ago•9 min saved

Big Mac, multiple prices: the quiet rise of algorithmic delivery pricing

Business Insider staff ordered the same Big Mac meal via Uber Eats and found the base price stayed the same, but delivery/service fees varied enough to swing the total by about 15–20 cents; Uber says differences aren’t based on personal data, but state-law warnings and a general lack of price transparency highlight how algorithmic, personalized pricing can affect consumers and may become more widespread or spark backlash.

via Business Insider|

#algorithmic-pricing #business #delivery-fees

technology2 months ago•2 min saved

PA moves to curb AI-driven dynamic pricing

Pennsylvania is advancing Senate Bill 1205 to ban dynamic pricing—changing the prices of essential goods or services within 24 hours based on demand or AI-driven factors—as a consumer-protection measure, reflecting a broader national debate as other states weigh similar laws and researchers scrutinize algorithmic pricing after incidents like Instacart's tests and New York's algorithmic pricing disclosure act.

via Mashable|

#algorithmic-pricing #artificial-intelligence #consumer-protection

policy2 months ago•5 min saved

States Move to Stop Rapid, AI-Driven Price Swings

Pennsylvania lawmakers propose Senate Bill 1205 to ban 24-hour price changes on essential goods, part of a growing wave of state measures aiming to curb surveillance and dynamic pricing driven by AI; at least a dozen states are considering similar proposals, while New York has enacted a disclosure requirement for algorithmic pricing, and retailers like Walmart are expanding digital shelf labels—raising questions about price transparency and the risk of targeted pricing.

via Gizmodo|

#algorithmic-pricing #consumer-protection #digital-shelf-labels