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How does competition policy need to change in a world of artificial intelligence?

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  • Catherine Tucker

Abstract

This paper investigates how the advent of artificial intelligence is likely to change competition policy. As economists we tend to view artificial intelligence as a technology that lowers the costs of prediction. In general, we know that lowering costs can affect market structure, though typically in the direction of facilitating competition. In general, the article argues that the traditional tools and frameworks we use in competition policy are robust to the advent of artificial intelligence as a technology that might need competition authority intervention. However, there are serious questions about how easy it will be for competition policy-makers to use their traditional tools to identify bad intent by firms in a world where business decision-making is driven by algorithm.

Suggested Citation

  • Catherine Tucker, 2024. "How does competition policy need to change in a world of artificial intelligence?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 40(4), pages 834-842.
    • Handle: RePEc:oup:oxford:v:40:y:2024:i:4:p:834-842.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grae043
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