Re:Price fixing by algorithm is still price fixing
by HaukeHi on Saturday March 02, 2024 @07:09PM
(#39577047)
Isn't Airbnb doing the same?
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Re:Price fixing by algorithm is still price fixing
by petesergeant on Saturday March 02, 2024 @08:17PM
(#39577459)
No, because Airbnb is sharing market information with you, and is quite happy for you to undercut the market to drum up demand, or raise prices if you think you’ve got a winner, which keeps market efficiencies intact.
What’s described in the article is a bunch of estate agents agreeing to use a price recommended by 3rd party software and minimize cheating on that price, which is price fixing.
Re:Price fixing by algorithm is still price fixing
by wolverine876 on Saturday March 02, 2024 @07:26PM
(#39577158)
How so? Is Airbnb colluding with competitors?
Re:Price fixing by algorithm is still price fixing
by aaomidi on Saturday March 02, 2024 @07:29PM
(#39577179)
I think Airbnb recommends a price to set your place to? I know there's also some external software that do that too.
Based on the understanding of the post, I think both of those would be considered price colluding.