Re:Nurses whose shitty boss is a shitty app
by dqv on Thursday December 19, 2024 @02:38AM
(#42459307)
... the concerns about price fixing aren't about the velocity at which the prices change, they are about the magnitude of the prices.
From the paper you linked:
> We also find that average rents are higher and average occupancies are lower in markets with greater algorithmic penetration during periods of economic recovery.
> We estimate that the coordination channel results in an average markup increase of $25 per unit per month, impacting about 4.2 million units nationwide.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4403058
Key quote: “ We find strong evidence that algorithmic pricing helps building managers set prices that are more responsive to market conditions, with adopters lowering rents more rapidly than non-adopters during economic downturns.”
The claim that RealPage leads to price fixing reminds me of the claim that inflation is happening due to corporate greed.