home All News open_in_new Full Article

Canada wants people to weigh in on practice of 'algorithmic pricing'

The Competition Bureau is seeking feedback from Canadians when it comes to algorithmic pricing.The agency has published a new paper, Algorithmic Pricing and Competition, from which it seeks public consultation. As the bureau notes, various sectors, including hospitality, concerts and ridesharing, are turning to algorithms to help set prices for products and services.The paper defines algorithmic pricing as "using automated algorithms to set or recommend prices for products or services, often in real time, based on a set of data inputs." It goes on to warn that algorithmic pricing could help and hurt competition, such as by making it easier for consumers to switch companies or limiting consumer choice by consolidating market power.Therefore, the bureau wants those with "experience with algorithmic pricing and its potential impacts on competition" to help provide guidance on how to better respond. Specifically, the bureau says it wants to highlight the following ke...


today 3 w. ago attach_file Other

attach_file Society
attach_file Economics
attach_file Other
attach_file Other
attach_file Transport
attach_file Other
attach_file Technology
attach_file Other
attach_file Other
attach_file Science
attach_file Other
attach_file Other
attach_file Other
attach_file Events
attach_file Culture
attach_file Other
attach_file Other
attach_file Events
attach_file Other
attach_file Other


ID: 3865611406
Add Watch Country

arrow_drop_down