In news that should surprise no one, algorithmic pricing can raise prices and short circuit competition.
Well, duh. That's why they spend the money on things like RealPage.
It's a way for capitalists to collude to raise prices with plausible deniability.
It's also why the same sort of algorithms are used to discriminate against potential renters, etc.
It's turtles all the way down.
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).
I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)
I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
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