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own pricing decisionsThe Atlantic
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82% Informative
Lawsuits say RealPage helps landlords set the most profitable price for rent.
John Sutter : Algorithmic price-fixing appears to be spreading to more and more industries.
Lawsuits claim RealPage pressures landlords to comply with its pricing suggestions.
RealPage says it simply offers “bespoke pricing recommendations” and lacks “any power to set prices”.
Frida Ghitis: RealPage could still prevail at trial, but it isn’t alone.
She says the legal system has the algorithmic price-fixing problem under control.
Ghitis says it's hard to prove there was some kind of agreement between companies A and B to fix prices.
More profound, it would undermine the incentives that keep economies growing and living standards rising. The basic premise of free-market capitalism is that prices are set through open competition, not by a central planner. That goes for algorithmic central planners too. Support for this project was provided by the William and Flora Hewlett Foundation ..
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83
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