UC Berkeley researchers tackle bidder collusion in high-stakes auctions
Goldie Negelev
In recent years, economists and regulators have begun examining how artificial intelligence is being used to set prices and bids across a range of markets. In some sectors, including housing, companies rely on automated pricing systems that analyze market conditions and competitors’ data to recommend prices in real time. Supporters argue such tools improve efficiency,… The post UC Berkeley researchers tackle bidder collusion in high-stakes auctions appeared first on UC Berkeley IEOR Department -