ORG Seminar with Elizabeth Lyons on the negative effects of pricing algorithms
Today, autonomous machine-learning-based algorithms are used to set optimal prices at gas stations or for airline tickets. Many of these algorithms are outsourced to third-party developers with potentially negative effects on consumer surplus.
The question remains: How can the negative effects of pricing algorithms be managed by outsourcing firms?
At last week’s ORGseminar, Elizabeth Lyons, Associate Professor of Management at the UC San Diego School of Global Policy and Strategy (GPS), presented her work addressing this research gap.
Thank you for your interesting insights into this hot topic, Elizabeth!