US regulatory bodies, including the Department of Justice and the Federal Trade Commission, have raised concerns about the potential for algorithms to facilitate price collusion among businesses, even ...
Apartment prices are high nationwide, in large part due to limited supply. Another factor could be algorithms. That's according to more than 20 lawsuits filed against the company RealPage. Adrian Ma ...
Senator Amy Klobuchar has sent a letter to the Attorney General's office and to the Federal Trade Commission asking for an investigation into the use of algorithm pricing tools by health insurers.
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Artificial stupidity made AI trading bots form cartels in new study
Artificial intelligence was supposed to make markets leaner and more efficient. Instead, new research suggests that when left ...
Priced Out is an occasional series about the widespread impacts of soaring rents and the search for solutions. With rents jumping more than 30 percent in South Carolina’s largest cities since the end ...
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U.S. Justice Department Sues Six Landlords Over Alleged Rent Price Collusion Using Algorithms
The U.S. Justice Department is suing six major landlords for allegedly collaborating to keep rents high. The lawsuit accuses the landlords of using RealPage's rent-setting algorithm and sharing ...
We examine recent claims that a particular Q-learning algorithm used by competitors ‘autonomously’ and systematically learns to collude, resulting in supracompetitive prices and extra profits for the ...
A lawsuit alleging that real-estate software company RealPage illegally fixes rents at millions of apartments should go forward, the U.S. Justice Department said in a court filing. Tenants earlier ...
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