Misspecified Estimate-then-Optimize Leads to Supra-Competitive Prices 事件

Misspecified Estimate-then-Optimize Leads to Supra-Competitive Prices arXiv:2605.16064v2 Announce Type: replace-cross Abstract: We study whether simple algorithmic pricing systems can systematically produce collusive-like prices in multi-firm markets. We consider firms that price using a myopic estimate-then-optimize rule: each repeatedly fits a demand model to its own price and sales history and sets the price that maximizes estimated profit. This demand model is misspecified, omitting competi