Data-Driven Collusion and Competition in a Pricing Duopoly With Multinomial Logit Demand

Artificial Collusion: Examining Supracompetitive Pricing by Q-Learning Algorithms

“…In addition, it should do all of this in a setting where the price-demand relation is unknown upfront and where the firms cannot coordinate on synchronization. Again, we see no reason to believe that such an algorithm could not be constructed, as demonstrated by Meylahn and den Boer (2020) and Loots and den Boer (2021). But simple existing algorithms usually do not satisfy these requirements.…”