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Algorithmic Antitrust (Hardcover, 1st ed. 2022)
Loot Price: R4,257
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Algorithmic Antitrust (Hardcover, 1st ed. 2022)
Series: Economic Analysis of Law in European Legal Scholarship, 12
Expected to ship within 12 - 17 working days
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Algorithms are ubiquitous in our daily lives. They affect the way
we shop, interact, and make exchanges on the marketplace. In this
regard, algorithms can also shape competition on the marketplace.
Companies employ algorithms as technologically innovative tools in
an effort to edge out competitors. Antitrust agencies have
increasingly recognized the competitive benefits, but also
competitive risks that algorithms entail. Over the last few years,
many algorithm-driven companies in the digital economy have been
investigated, prosecuted and fined, mostly for allegedly unfair
algorithm design. Legislative proposals aim at regulating the way
algorithms shape competition. Consequently, a so-called
"algorithmic antitrust" theory and practice have also emerged. This
book provides a more innovation-driven perspective on the way
antitrust agencies should approach algorithmic antitrust. To date,
the analysis of algorithmic antitrust has predominantly been shaped
by pessimistic approaches to the risks of algorithms on the
competitive environment. With the benefit of the lessons learned
over the last few years, this book assesses whether these risks
have actually materialized and whether antitrust laws need to be
adapted accordingly. Effective algorithmic antitrust requires to
adequately assess the pro- and anti-competitive effects of
algorithms on the basis of concrete evidence and innovation-related
concerns. With a particular emphasis on the European perspective,
this book brings together experts and scrutinizes on the
implications of algorithmic antitrust for regulation and
innovation.
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