Why the DOJ and FTC Are Wrong on Algorithms and Antitrust
"The DOJ and FTC's misguided suit against RealPage is not supported by antitrust jurisprudence, and $7 trillion in economic growth is on the line," writes Ediberto Roman, professor of law at Florida International University.
May 08, 2024 at 02:30 PM
7 minute read
AntitrustGenerally speaking, algorithms are procedures for solving mathematical problems in a systematized finite number of steps. In contemporary economic settings, algorithms involve technologies that, by aggregating and sorting through historical data, help service providers better understand market pricing in their respective industries. They have become instrumental to the modern-day digital economy. Market sectors such as the car rental industry, hotels, property managers, and even the government (i.e., for toll roads) are a few of the many economic actors presently utilizing algorithms that better serve their customers, ensure fair and reasonable pricing, and prevent excessive shortages and surpluses.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'Fire All the Bullets Now': EEOC Enforcements Surge
- 4'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
- 5Suspect in Courthouse Bombing Was Targeting Judge, Deputies, Say Prosecutors
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250