Price transparency can in some settings facilitate tacit collusion by enabling firms to see what other firms are charging, and hence easily detect any deviation from agreed-upon high prices.
Policing the digital cartels, by David J Lynch in Financial Times Continue reading Transparency & Price Fixing
… as pricing systems become ever more autonomous, aspiring monopolists like Mr Topkins eventually will not even need to speak to their competitors to fix prices.
Computers will do the colluding for them, either by using the same algorithm or learning from their interactions with other machines — all without leaving behind trails of incriminating emails or voicemails.
Policing the digital cartels, by David J Lynch in Financial Times Continue reading Big data & price fixing cartels