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.
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.