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Algorithmic Pricing and Market Competition: Implications for Competition Law and Policy

Project Brief:
Digitalisation creates new industries and transforms existing ones. To tap on the digital economy, there is a need to adopt digital technologies across all sectors of the economy. One such technology is algorithmic pricing in which computer algorithms are used to set market prices.  The use of algorithmic pricing, while providing economic gains to both businesses and consumers, has potential risks such as occurrences of tacit collusion. While recognizing the existence of such risks, regulators face considerable challenges in crafting optimal rules and regulations in markets with algorithmic pricing. This project adopts a multi-disciplinary approach to undertake an in-depth study on the impact of algorithmic pricing on competition law and regulation.  It is hoped that findings from the project will enhance policymakers’ understanding of how digital technologies evolve and impact the society in Singapore.  This project is a collaboration between ISEAS-Yusof Ishak Institute and the National University of Singapore.

Project Duration: 2018 – 2021

Researchers:

  1. Lead Principal Investigator: Dr Cassey Lee, Regional Economic Studies Programme, ISEAS-Yusof Ishak Institute                        
  2. Co-Principal Investigator: Dr Burton Ong, Faculty of Law, National University of Singapore
  3. Collaborator: Dr Harold Soh, School of Computing, National University of Singapore

For more information, please contact:
Dr Cassey Lee: cassey_lee@iseas.edu.sg