Algorithmic pricing

{
  "id": "MLC-T-LAW-000457",
  "term": "Algorithmic pricing",
  "field": "Law",
  "definition": "The practice of using computer algorithms to dynamically set or adjust prices for goods and services, often in real-time, based on factors such as demand, competitor prices, inventory levels, and customer behavior. This method can lead to price discrimination or collusion concerns, raising questions under antitrust and consumer protection laws. Regulators are examining how these algorithms impact market fairness and competition.",
  "url": "https://mlchart.com/terminology/law/algorithmic-pricing/"
}