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DTSTART;TZID=Europe/Paris:20220119T153000
DTEND;TZID=Europe/Paris:20220119T183000
DTSTAMP:20211219T104323Z
CREATED:20211218T231734Z
LAST-MODIFIED:20211219T104323Z
UID:15461-1642606200-1642617000@i3-cnrs.fr
SUMMARY:Cerna seminar  wil host Geza Sapi from European Commission\, DG Competition\, Chief Economist's Team
DESCRIPTION:Cerna seminar : \n “Algorithms in the marketplace: An empirical analysis of automated pricing in e-commerce” \nGeza Sapi from European Commission\, DG Competition\, Chief Economist’s Team \n  \nAbstract: We analyze algorithmic pricing on Bol.com\, the largest online marketplace in the Netherlands and Belgium. Based on more than two months of pricing data for around 2\,800 popular products\, we find that algorithmic sellers can both increase and reduce the price of the Buy Box (the most prominently displayed offer for a product). Consistently with collusion\, algorithms benefit from each other’s presence: Prices are particularly high if two algorithms bid against each other and there is a medium number of sellers in the market. We identify several algorithmic pricing patterns that are often associated with collusion. Algorithmic sellers are more likely to win the Buy Box\, implying that consumers may face inflated prices more often. We also document efficiencies due to algorithmic pricing. With a sufficient number of competitors\, algorithmic sellers reduce the Buy Box price and compete particularly fiercely. Algorithms furthermore reduce prices in monopoly markets. We explain this by the inability of traditional product managers to manually adjust prices product-by-product for a large number of items\, which automated agents may correct. Overall\, our findings call for careful policy with respect to pricing algorithms\, that considers both the risk of collusion and the need to preserve potential efficiencies. \nRegister with dennis.rickert@mines-paristech.fr \n 
URL:https://i3-cnrs.fr/en/evenement/cerna-seminar-wil-host-geza-sapi-from-european-commission-dg-competition-chief-economists-team/
LOCATION:Mines ParisTech\, 60 Boulevard Saint-Michel\, Paris\, 75006\, France
CATEGORIES:Seminaires
ATTACH;FMTTYPE=image/png:https://i3-cnrs.fr/wp-content/uploads/2021/12/cerna-seminar-1.png
ORGANIZER;CN="Dennis Rickert":MAILTO:dennis.rickert@mines-paristech.fr
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DTSTART;TZID=Europe/Paris:20220119T160000
DTEND;TZID=Europe/Paris:20220119T180000
DTSTAMP:20220110T104352Z
CREATED:20220106T133124Z
LAST-MODIFIED:20220110T104352Z
UID:15468-1642608000-1642615200@i3-cnrs.fr
SUMMARY:Session of the seminar "Enterprise\, Responsibility and Civilisation" of the Chair of Enterprise Theory with Aude-Solveig Epstein\, Lecturer at the University of Paris Nanterre
DESCRIPTION:The Chair of Corporate Theory is pleased to invite you to the next session of the seminar “Corporate Responsibility and Civilization  \nThe regulation of transnational corporations\, beyond the distinction between business law and environmental law  \nWith Aude-Solveig Epstein \nLecturer at the University of Paris Nanterre \n  \nIn Europe\, environmental protection has long been seen as the province of environmental law. At the same time\, the latter has been conceived globally as an autonomous discipline\, applicable only to activities located on national territory. However\, the relocation of the production of most environmental risks to developing countries raises questions about this model\, especially since many of the environmental damages thus relocated will later come back as a boomerang\, like greenhouse gases that warm the global atmosphere wherever they are emitted. \nA number of legal tools have therefore been developed to promote the accountability of large European companies\, which are called upon to green their entire transnational value chain\, beyond what local environmental legislation actually prescribes. However\, these tools remain for the moment more of an incentive than a direct constraint. Would it be legitimate and possible to go further by creating the conditions for real legal responsibility of large European companies for the environmental damage they make possible and from which they benefit? The presentation will examine this question by highlighting the fruitfulness of an analysis integrating the dual viewpoint of business law and environmental law. \n  \nAude-Solveig Epstein holds a doctorate in law from the University of Nice entitled “Environmental information and business: Contribution to the legal analysis of a regulation”. The thesis analyses the rise of a new form of regulation of the environmental impacts of companies\, which is essentially based on obligations to produce and disseminate information on the impacts of companies and on their environmental performance objectives.  She is a qualified lecturer in public and private law at the University of Paris Nanterre\, and is also a member of the Centre for Civil Law and Business Litigation (CEDCACE).  She is currently Visiting Professor of Legal Studies at New York University Abu Dhabi. \n  \nThis conference will be held remotely. Please register with chaire-te@mines-paristech.fr.
URL:https://i3-cnrs.fr/en/evenement/seance-de-du-seminaire-entreprise-responsabilite-et-civilisation-de-la-chaire-theorie-de-lentreprise-avec-aude-solveig-epstein-maitre-de-conference-a-luniversite-paris/
LOCATION:Séminaire en visioconférence\, séminaire en visioconférence
CATEGORIES:Seminaires
ATTACH;FMTTYPE=image/jpeg:https://i3-cnrs.fr/wp-content/uploads/2021/12/logo-theorie.jpg
ORGANIZER;CN="St%C3%A9phanie Brunet":MAILTO:chaire-te@mines-paristech.fr
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