Stop Blaming Algorithms: Political Scapegoats Won’t Fix Housing Problems
Stop Blaming Algorithms: Political Scapegoats Won’t Fix Housing Problems
According to an issue brief recently released by the Council of Economic Advisers, dynamic pricing algorithms are reducing competition in the housing market. The brief’s authors contend that landlords who use these algorithms tacitly collude to raise prices above competitive levels, leaving renters worse off. This argument and others like it are part of a...