📗 Libro en inglés VIRTUAL COMPETITION

A fascinating book about how platform internet companies Amazon Facebook and so on are changing the norms of economic competition Fast CompanyShoppers with a bargain hunting impulse and internet access can find a universe of products at their fingertips But is there a dark side to internet commerce This thought provoking exposé invites us to explore how sophisticated algorithms and data crunching are changing the nature of market competition and not always for the better Introducing into the policy lexicon terms such as algorithmic collusion behavioral discrimination and super platforms Ariel Ezrachi and Maurice E Stucke explore the resulting impact on competition our democratic ideals our wallets and our well being We owe the authors our deep gratitude for anticipating and explaining the consequences of living in a world in which black boxes collude and leave no trails behind They make it clear that in a world of big data and algorithmic pricing consumers are outgunned and antitrust laws are outdated especially in the United States Science A convincing argument that there can be a darker side to the growth of digital commerce The replacement of the invisible hand of competition by the digitized hand of internet commerce can give rise to antico