Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/180246 
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper No. 6984
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Due to computing and communication facilities, formal procedures, often referred to as ‘algorithms’, are now extensively used in public, economic and social areas. These procedures, currently at the forefront of criticisms, share some features with mechanisms as defined by economists, following Hurwicz. My aim is to investigate these relationships and to discuss some of the economic risks generated by the power of algorithms.
Subjects: 
mechanisms
algorithms
algorithmic pricing and trading
social choice rule
data
Admission post-bac
JEL: 
D44
D47
D71
D82
Document Type: 
Working Paper
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