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Title:The reputation trap Author(s):LEVINE, David K.Date:2021Citation:Econometrica, 2021, Vol. 89, No. 6, pp. 2659-2678Type:ArticleAbstract:Few want to do business with a partner who has a bad reputation. Consequently, once a bad reputation is established, it can be difficult to get rid of. This leads on the one hand to the intuitive idea that a good reputation ...
Title:[Reviews and discussions:] Thomas Piketty, Capital and ideology Author(s):PIENIAZEK, Piotr Date:2021Citation:Ekonomista, 2021, No. 6, pp. 842-846Type:ArticleAbstract:In this piece, I review Thomas Piketty's (2020) book. First, I briefly present its content, while in particular I try to highlight what can be especially interesting to the Polish reader. Moreover, I situate the book in ...
Title:Austrian and mainstream economics on mathematics : a comment on Pieniążek (2018) : reply to Machaj (2019) Author(s):PIENIAZEK, Piotr Date:2021Citation:Ekonomista, 2021, No. 3, pp. 440-448Type:ArticleAbstract:In this piece, I address Machaj's (2019) criticism of the claims in Pieniążek (2018). I refute the criticism and reinforce the claims.
Title:Algorithmic collusion with imperfect monitoring Author(s):CALVANO, Emilio; CALZOLARI, Giacomo ; DENICOLO, Vincenzo; PASTORELLO, SergioDate:2021Citation:International journal of industrial organization, 2021, Vol. 79, Art. 102712, OnlineOnlyType:ArticleAbstract:We show that if they are allowed enough time to complete the learning, Q-learning algorithms can learn to collude in an environment with imperfect monitoring adapted from Green and Porter (1984), without having been ...
Title:Autonomous algorithmic collusion : economic research and policy implications Author(s):ASSAD, Stephanie; CALVANO, Emilio; CALZOLARI, Giacomo ; CLARK, Robert; DENICOLÒ, Vincenzo; ERSHOV, Daniel; JOHNSON, Justin; PASTORELLO, Sergio; RHODES, Andrew; XU, Lei; WILDENBEEST, MatthijsDate:2021Citation:Oxford review of economic policy, 2021, Vol. 37, No. 3, pp. 459–478Type:ArticleAbstract:Markets are being populated with new generations of pricing algorithms, powered with artificial intelligence (AI), that have the ability to autonomously learn to operate. This ability can be both a source of efficiency and ...