Lee Duna to scienceEnglish • 1 year agoResearchers peer into the black box of airline pricing and find some surprisesphys.orgexternal-linkmessage-square5fedilinkarrow-up199arrow-down15
arrow-up194arrow-down1external-linkResearchers peer into the black box of airline pricing and find some surprisesphys.orgLee Duna to scienceEnglish • 1 year agomessage-square5fedilink
minus-squareTeppiclinkfedilink11•1 year agoMy read of this is mostly that airlines don’t engage in price fixing and collusion - or more specifically their algorithms are designed so they don’t (directly) create this outcome.
minus-square@surewhynotlemlink2•1 year agoWhen there are industry standard approaches creating that algorithm, the collusion is absolutely there. It’s just one step removed from being obvious.
My read of this is mostly that airlines don’t engage in price fixing and collusion - or more specifically their algorithms are designed so they don’t (directly) create this outcome.
When there are industry standard approaches creating that algorithm, the collusion is absolutely there. It’s just one step removed from being obvious.