Oblivious Learning and Algorithmic Collusion
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Should Demand Models Incorporate Competitor Prices? Oblivious Learning and Algorithmic Collusion
arXiv:2606.05363v1 Announce Type: new Abstract: On a platform with many sellers, should a pricing algorithm explicitly model competitors' prices when learning demand? Classical learning arguments suggest an affirmative answer: ignoring competitors induces model misspecification and inefficiency. In contrast, recent work on algorithmic collusion suggests that strategic obliviousness -- deliberately ignoring competitor prices -- may facilitate collusive outcomes and improve profits.
Should Demand Models Incorporate Competitor Prices? Oblivious Learning and Algorithmic Collusion
arXiv:2606.05363v2 Announce Type: replace Abstract: On a platform with many sellers, should a pricing algorithm explicitly model competitors' prices when learning demand? Classical learning arguments suggest an affirmative answer: ignoring competitors induces model misspecification and inefficiency. In contrast, recent work on algorithmic collusion suggests that strategic obliviousness -- deliberately ignoring competitor prices -- may facilitate collusive outcomes and improve profits.