Ever wonder why airline ticket prices always seem so close regardless of which airline you’re looking at? A group flyers is curious too and has sued the nation’s four largest airline carriers, alleging they are […]
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Tag: Collusion
Airlines Claim They’ve Found The ‘Optimal’ Sized Carry On Bag
The cost of air travel is at all-time lows yet with the cheap prices comes cheap service. While most flights used to offer at least one free checked bag, most airlines now charge a whopping […]
How Do We Police Computer Algorithms That Collude?
The rules governing humans colluding to fix prices and reduce competition are well established law. But what if two computer programs are tasked with setting prices and end up colluding based on their strategy choices? […]