Re:The Price-Fixing Economy
by selimnairb on Friday October 13, 2023 @07:22AM
(#37869344)
I have come to suspect such algorithmic pricing “coordination” may be facilitated at the consumer level by sharing of web search results. Recently I was shopping for a circular saw. Eventually to decided on the saw I wanted, and was looking around at pricing. At first, one retailer had the best price, which was $169, $30 off MSRP of $199. Then after searching some more, I noticed another retailer had it for $149, but that was for delivery, and I needed it for a job quickly, so I settled on the first retailer. When I went to the store to buy it, the price ended up being $149.
In this case, this apparent “coordination” worked out in my favor, but the same mechanism could easily be used to raise prices. Either way, if such a mechanism exists, it is troubling.
In this case, this apparent “coordination” worked out in my favor, but the same mechanism could easily be used to raise prices. Either way, if such a mechanism exists, it is troubling.