Authors
Giacomo Calzolari, Emilio Calvano, Vincenzo Denicolo, Sergio Pastorello
Publication date
2021/7
Source
CEPR Discussion Papers
Issue
16393
Publisher
CEPR Discussion Papers
Description
We clarify the difference between the asynchronous pricing algorithms analyzed by Asker, Fershtman and Pakes (2021) and those considered in the previous literature. The difference lies in the way the algorithms explore: randomly or mechanically. We reaffirm that with random exploration, asynchronous pricing algorithms learn genuinely collusive strategies.
Scholar articles
G Calzolari, E Calvano, V Denicolo, S Pastorello - 2021