Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy
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Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy
Ariel Ezrachi and Maurice Stucke take a hard look at today’s app-assisted paradise of digital shopping. The algorithms and data-crunching that make online purchasing so convenient are also changing the nature of the market by shifting power into the hands of the few, with risks to competition, our democratic ideals, and our overall well-being.
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