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Rule-Based Pricing Algorithms and Market Outcomes: An Experimental Study

Hillenbrand, Adrian et al.
arXiv (All) · Papers
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economicsgeneral-economics
Rule-based pricing tools are widespread in digital commerce, yet we know little about how their design shapes market outcomes. In a controlled market experiment, participants use dashboards to build pricing algorithms competing in a sequential Bertrand game over multiple periods. We vary design feat
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