tag:blogger.com,1999:blog-3758330678390419129.post721224775049330186..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Will Algorithms Cause Mischief for Consumers?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3758330678390419129.post-18714983685968499742019-02-23T10:02:07.755-05:002019-02-23T10:02:07.755-05:00"The algorithms taught themselves to collude,..."The algorithms taught themselves to collude, raising prices from the cut-throat competitive level towards what a monopolist would choose."<br /><br />Right, but can the algorithms compel you to buy at that price? And if you don't, then what will the algorithms do? This shows a very Keynesian view of monopoly theory, which overlooks the point that an alleged monopolist has no realThe NAPsterhttps://www.blogger.com/profile/16631781625841157567noreply@blogger.com