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This combination of factors sets the stage perfectly for AI-powered pricing algorithms to adopt collusive pricing strategies, say the authors.
It could also be helpful to make preventing this kind of collusive behavior the responsibility of the companies deploying them, with stiff penalties for those who don’t keep their algorithms in check.
Once collusive pricing rules are uncovered, computer scientists need to come up with ways to constrain algorithms from adopting them without sacrificing their clear efficiency benefits.
Collusive labor makes it easier for employers to collude to extract maximum rents from customers.New York City Bus Strike: A Cosy Cartel, Running Out of Gas|Megan McArdle|January 17, 2013|DAILY BEAST
In the back-ground are two collusive associates, eagerly dividing the profits of the evening.
Justice Johnson intimated—all but formally charged—that the case was collusive.The Life of John Marshall Volume 3 of 4|Albert J. Beveridge
Afterwards, it seems, the Archdeacon in a collusive suit allowed judgment to go against himself and his church.Insula Sanctorum et Doctorum|John Healy
It is thus easy for two men to concert a collusive attack which shall succeed either way, and be dishonest both ways.
The only grave imputation on his memory is his connivance, as a Commissioner, at the collusive divorce of Lady Essex.Sir Walter Ralegh|William Stebbing