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Wildy's will be closed on Monday 26th August, re-opening on Tuesday 27th.
Online book orders received during the time we are closed will be processed as soon as possible once we re-open on Tuesday.
As usual credit cards will not be charged until the order is processed and ready to despatch.
Any Sweet & Maxwell or Lexis eBook orders placed after 3.30pm on the Friday 23rd August will not be processed until Tuesday August 27th. UK orders for other publishers will be processed as normal. All non-UK eBook orders will be processed on Tuesday August 27th.
Shoppers with Internet access and a bargain-hunting impulse can find a universe of products at their fingertips. In this thought-provoking expose, Ariel Ezrachi and Maurice Stucke invite us to take a harder look at todays app-assisted paradise of digital shopping.
While consumers reap many benefits from online purchasing, the sophisticated algorithms and data-crunching that make browsing so convenient are also changing the nature of market competition, and not always for the better.
Computers colluding is one danger. Although long-standing laws prevent companies from fixing prices, data-driven algorithms can now quickly monitor competitors prices and adjust their own prices accordingly. So what is seemingly beneficial increased price transparency ironically can end up harming consumers. A second danger is behavioral discrimination.
Here, companies track and profile consumers to get them to buy goods at the highest price they are willing to pay. The rise of super-platforms and their frenemy relationship with independent app developers raises a third danger. By controlling key platforms (such as the operating system of smart phones), data-driven monopolies dictate the flow of personal data and determine who gets to exploit potential buyers.
Virtual Competition raises timely questions. To what extent does the invisible hand still hold sway? In markets continually manipulated by bots and algorithms, is competitive pricing an illusion? Can our current laws protect consumers? The changing market reality is already shifting power into the hands of the few. Ezrachi and Stucke explore the resulting risks to competition, our democratic ideals, and our economic and overall well-being."