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2. Amazon used an algorithm to essentially raise prices on other ...

   www.aol.com/news/amazon-used-algorithm-secretly...

   Amazon used a secret algorithm to essentially help raise prices on other online sites and also “destroyed” internal communications as the Federal Trade Commission undertook an antitrust ...

3. Amazon algorithm juiced prices, cost US consumers $1 billion ...

   www.aol.com/jeff-bezos-engineered-amazon-shift...

   Now, a newly unsealed version of the lawsuit describes it as a tool used to raise prices on products and force Amazon’s retail rivals to do the same. It also allegedly earned Amazon more than $1 ...

4. Asymmetric price transmission - Wikipedia

   en.wikipedia.org/wiki/Asymmetric_price_transmission

   Asymmetric price transmission (sometimes abbreviated as APT and informally called "rockets and feathers" , also known as asymmetric cost pass-through) refers to pricing phenomenon occurring when downstream prices react in a different manner to upstream price changes, depending on the characteristics of upstream prices or changes in those prices.

5. Gross substitutes (indivisible items) - Wikipedia

   en.wikipedia.org/wiki/Gross_substitutes...

   In economics, gross substitutes (GS) is a class of utility functions on indivisible goods.An agent is said to have a GS valuation if, whenever the prices of some items increase and the prices of other items remain constant, the agent's demand for the items whose price remain constant weakly increases.

6. Amazon, Walmart, and Target finally realize their colossal ...

   www.aol.com/finance/amazon-walmart-target...

   Last week saw an onslaught of retailers offering discounts on essential items: Target made a similar promise as Amazon's, saying it would cut the prices of 5,000 items including diapers and pet food.

7. Marginal rate of substitution - Wikipedia

   en.wikipedia.org/wiki/Marginal_rate_of_substitution

   Under the standard assumption of neoclassical economics that goods and services are continuously divisible, the marginal rates of substitution will be the same regardless of the direction of exchange, and will correspond to the slope of an indifference curve (more precisely, to the slope multiplied by −1) passing through the consumption bundle in question, at that point: mathematically, it ...

8. Substitution effect - Wikipedia

   en.wikipedia.org/wiki/Substitution_effect

   The same concepts also apply if the price of one good goes up instead of down, with the substitution effect reflecting the change in relative prices and the income effect reflecting the fact the income has been soaked up into additional spending on the retained units of the now-pricier good. For example, consider coffee and tea. If the price of ...

9. U.S. sues Amazon claiming it used market power to warp prices ...

   www.aol.com/news/amazon-used-market-power-warp...

   Amazon's share price ticked up slightly after the FTC announcement, though its shares were down about 2.6% on the day as of early Tuesday afternoon. Amazon shares are up almost 50% in 2023 ...