OTTAWA — The Competition Bureau has confirmed it's investigating the possible use of AI-driven algorithmic pricing in Canadian real estate rental markets.
Hmm, I think the argument would be that if they’re all using the same system or handful of systems for setting prices then there technically are only a small number of players.
It’s easier to approach from the angle that a single third party is coordinating a large portion of the market pricing. That is the effect of such an algorithm being under a single party’s control and one of the forms a cartel can take.
Hmm, I think the argument would be that if they’re all using the same system or handful of systems for setting prices then there technically are only a small number of players.
It’s easier to approach from the angle that a single third party is coordinating a large portion of the market pricing. That is the effect of such an algorithm being under a single party’s control and one of the forms a cartel can take.