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Firms will soon be using AI modeling to determine their optimal level of output and pricing.

Algorithmic Collusion Without Communication

Tomorrow, will the stores you frequent be using AI modeling to set their pricing and production figures? AI models are doing that right now, and may come to engage in "collusion" by independently concluding that higher prices and lower output leads to greater profits....
4 min read
Specialisation
Definitions

Specialisation

Published on January 29, 2020

Social costs
Definitions

Social costs

Published on January 29, 2020

Social benefits
Definitions

Social benefits

Published on January 29, 2020

Scarcity
Definitions

Scarcity

Published on January 29, 2020

Savings ratio
Definitions

Savings ratio

Published on January 29, 2020

Savings gap
Definitions

Savings gap

Published on January 29, 2020

Savings
Definitions

Savings

Published on January 29, 2020

Satisficing
Definitions

Satisficing

Published on January 29, 2020

Definitions

Sales maximisation

Published on January 29, 2020

Revenue maximisation
Definitions

Revenue maximisation

Published on January 29, 2020

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Cityscape featuring a mix of historic and modern architecture, including a red brick building with a tower and clock amidst tall glass structures.

Shifts in the UK economy are changing attitudes to investment risk

The United Kingdom is a nation of savers, with an exceptionally low risk appetite when it comes to investing. Could a brightening economic o...
4 min read

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