A PYMNTS Company

Germany: Competition advisory group wants stricter surveillance of online pricing algorithms

By  |  July 4, 2018

Germany’s Monopoly Commission, an independent advisory panel for the German government, has called for stricter surveillance of online markets that make use of algorithm-based pricing and new measures to crack down on price formation online in its 2018 flagship repotr, reported telecompapert.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The commission called for cartel authorities to more strongly make use of sector inquiries to uncover “undesirable competitive developments” in markets that use price-based algorithms, given that consumers often bear the burden of excessive prices as a result. Cartel authorities should most closely observe markets that incline towards coordinated pricing and collect information from firms via these inquiries, while consumer organizations could also be granted the right to initiate sector inquiries by cartel authorities.

    Regulations for various types of audio-visual media services, including streaming services like Netflix and broadcasters, should also be harmonized as a result of consumers’ evolving media consumption habits, said the commission. This should include the introduction of unified rules for consumer and youth protection as well as harmonized advertising regulations, with restrictions on commercials for traditional television lifted. Online offering of public broadcasters should be restricted to “socially and culturally relevant content” not sufficiently offered by private broadcasters, said the commission.

    Full Content: Telecompaper

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.