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News/How language model agents reshape price competition
arxiv
PublishedOctober 19, 2026 at 4:00 AM

How language model agents reshape price competition

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arXiv:2610.21711v1 Announce Type: cross Abstract: Repeated Bertrand competition is a stringent benchmark for algorithmic pricing: in homogeneous-goods markets, standard learning procedures typically select the stage-game Nash outcome with prices near marginal cost. We show that LLM pricing agents ca

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