Cartels by Robots - Current Antitrust Law in Search of an Answer

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11220%2F17%3A10369611" target="_blank" >RIV/00216208:11220/17:10369611 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.22598/iele.2017.4.2.1" target="_blank" >http://dx.doi.org/10.22598/iele.2017.4.2.1</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.22598/iele.2017.4.2.1" target="_blank" >10.22598/iele.2017.4.2.1</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Cartels by Robots - Current Antitrust Law in Search of an Answer

Popis výsledku v původním jazyce

The discussion about influence of PC algorithms on the theory and practice of competition (anti-cartel) law has its practical justification. PC algorithms enable the processing of such a volume of data, plus a very quick and lasting, non-emotional reaction, that the underlying assumptions on which competition protection has so far been built cease to work. Transparency of markets ceases to foster competition and the market can be riddled of price competition without any hint of contact or agreement that is currently considered as a cartel. The possibility of suppressing price competition in online trading markets cannot but provoke a reaction of the current competition law. The paper thus attempts to analyze this issue through a review of the ongoing debate. It provides information on where the current and future threats to competition are seen today and what recipes to tackle them are presented. It looks in a critical manner at the instruments that the current competition law can use for this purpose. It focuses exclusively on the question of pricing made by computer algorithms, which may or may not fulfil the present definition of a cartel. The issue of abuse of a dominant position is paid attention only when it is relevant to deal with price collusion on oligopolistic markets.

Název v anglickém jazyce

Cartels by Robots - Current Antitrust Law in Search of an Answer

Popis výsledku anglicky

The discussion about influence of PC algorithms on the theory and practice of competition (anti-cartel) law has its practical justification. PC algorithms enable the processing of such a volume of data, plus a very quick and lasting, non-emotional reaction, that the underlying assumptions on which competition protection has so far been built cease to work. Transparency of markets ceases to foster competition and the market can be riddled of price competition without any hint of contact or agreement that is currently considered as a cartel. The possibility of suppressing price competition in online trading markets cannot but provoke a reaction of the current competition law. The paper thus attempts to analyze this issue through a review of the ongoing debate. It provides information on where the current and future threats to competition are seen today and what recipes to tackle them are presented. It looks in a critical manner at the instruments that the current competition law can use for this purpose. It focuses exclusively on the question of pricing made by computer algorithms, which may or may not fulfil the present definition of a cartel. The issue of abuse of a dominant position is paid attention only when it is relevant to deal with price collusion on oligopolistic markets.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50501 - Law

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

InterEULawEast

ISSN

1849-3734

e-ISSN

—

Svazek periodika

4

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

HR - Chorvatská republika

Počet stran výsledku

18

Strana od-do

1-18

Kód UT WoS článku

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EID výsledku v databázi Scopus

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