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  3. Competition Bureau seeking public input on algorithmic pricing

Competition Bureau seeking public input on algorithmic pricing

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  • Sunshine (she/her)S This user is from outside of this forum
    Sunshine (she/her)S This user is from outside of this forum
    Sunshine (she/her)
    wrote on last edited by
    #1
    This post did not contain any content.
    Link Preview Image
    Competition Bureau seeking public input on algorithmic pricing

    OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

    favicon

    thecanadianpressnews.ca (www.thecanadianpressnews.ca)

    eezeebee@lemmy.caE P T S T 7 Replies Last reply
    56
    • Sunshine (she/her)S Sunshine (she/her)
      This post did not contain any content.
      Link Preview Image
      Competition Bureau seeking public input on algorithmic pricing

      OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

      favicon

      thecanadianpressnews.ca (www.thecanadianpressnews.ca)

      eezeebee@lemmy.caE This user is from outside of this forum
      eezeebee@lemmy.caE This user is from outside of this forum
      eezeebee@lemmy.ca
      wrote on last edited by
      #2

      The link to their form where you can give your input:

      Link Preview Image
      Feedback form – Algorithmic pricing and competition: Discussion paper

      This consultation is open until July 22, 2025 (11:59pm Pacific time). Interested parties are invited to provide their feedback by mail or through the online feedback form. The aim of this paper is to strengthen the Bureau’s understanding of algorithmic pricing. The discussion paper highlights key questions on algorithmic pricing, including:

      favicon

      (competition-bureau.canada.ca)

      K H 2 Replies Last reply
      15
      • Sunshine (she/her)S Sunshine (she/her)
        This post did not contain any content.
        Link Preview Image
        Competition Bureau seeking public input on algorithmic pricing

        OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

        favicon

        thecanadianpressnews.ca (www.thecanadianpressnews.ca)

        P This user is from outside of this forum
        P This user is from outside of this forum
        puppinstuff@lemmy.ca
        wrote on last edited by
        #3

        If this pricing model is permitted it should be forced to put products on sale when items are overstocked or expiring food is closer to its due date. Why am I paying more for salmon at dinner time but not less when it expires tomorrow?

        1 Reply Last reply
        20
        • Sunshine (she/her)S Sunshine (she/her)
          This post did not contain any content.
          Link Preview Image
          Competition Bureau seeking public input on algorithmic pricing

          OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

          favicon

          thecanadianpressnews.ca (www.thecanadianpressnews.ca)

          T This user is from outside of this forum
          T This user is from outside of this forum
          typotyper@sh.itjust.works
          wrote on last edited by
          #4

          Does this mean flyers with listed prices are now useless.

          What happens when the marked price on a shelf changes when I get to the cash register. Currently I walk away from a grocery cart of food if there is any hassle at the till. They can deal with it.

          How are you supposed to plan trips when the the price is always changing

          K S 2 Replies Last reply
          12
          • eezeebee@lemmy.caE eezeebee@lemmy.ca

            The link to their form where you can give your input:

            Link Preview Image
            Feedback form – Algorithmic pricing and competition: Discussion paper

            This consultation is open until July 22, 2025 (11:59pm Pacific time). Interested parties are invited to provide their feedback by mail or through the online feedback form. The aim of this paper is to strengthen the Bureau’s understanding of algorithmic pricing. The discussion paper highlights key questions on algorithmic pricing, including:

            favicon

            (competition-bureau.canada.ca)

            K This user is from outside of this forum
            K This user is from outside of this forum
            karlhungus@lemmy.ca
            wrote on last edited by
            #5

            Thank you! This is like the one thing it should have had

            1 Reply Last reply
            3
            • Sunshine (she/her)S Sunshine (she/her)
              This post did not contain any content.
              Link Preview Image
              Competition Bureau seeking public input on algorithmic pricing

              OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

              favicon

              thecanadianpressnews.ca (www.thecanadianpressnews.ca)

              S This user is from outside of this forum
              S This user is from outside of this forum
              showroom7561@lemmy.ca
              wrote on last edited by
              #6

              The algorithm analyzes data and determines the optimal price for products or services to maximize profits.

              In that case, I’m against it.

              1 Reply Last reply
              20
              • Sunshine (she/her)S Sunshine (she/her)
                This post did not contain any content.
                Link Preview Image
                Competition Bureau seeking public input on algorithmic pricing

                OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

                favicon

                thecanadianpressnews.ca (www.thecanadianpressnews.ca)

                T This user is from outside of this forum
                T This user is from outside of this forum
                teppa
                wrote on last edited by teppa@piefed.ca
                #7

                So we accept that our currency is being debased by an inflation index that barely tracks real inflation, as we buy half of all mortgage bonds federally to juice home values and running QE, but we want to ban algorithms that attempt to maintain profits?

                If you don’t want prices to rise then perhaps a lower inflation target makes more sense. Maybe even a law that wages automatically rise with inflation. But we all know they don’t want that, they would need to actually raise taxes if they did that, and housing wouldn’t turn into a giant ponzi scheme that artificially boosts GDP.

                P 1 Reply Last reply
                0
                • T typotyper@sh.itjust.works

                  Does this mean flyers with listed prices are now useless.

                  What happens when the marked price on a shelf changes when I get to the cash register. Currently I walk away from a grocery cart of food if there is any hassle at the till. They can deal with it.

                  How are you supposed to plan trips when the the price is always changing

                  K This user is from outside of this forum
                  K This user is from outside of this forum
                  kent_eh@lemmy.ca
                  wrote on last edited by
                  #8

                  At minimum it should not be allowed to change prices while the store is open to customers. (I guess with an exception for 24/7 stores)

                  And/or limit the number of price changes on any item to one per 24 hours, or 2 per 7 days, or something like that.

                  1 Reply Last reply
                  3
                  • Sunshine (she/her)S Sunshine (she/her)
                    This post did not contain any content.
                    Link Preview Image
                    Competition Bureau seeking public input on algorithmic pricing

                    OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

                    favicon

                    thecanadianpressnews.ca (www.thecanadianpressnews.ca)

                    P This user is from outside of this forum
                    P This user is from outside of this forum
                    Phoenixz
                    wrote on last edited by
                    #9

                    Algorithmic pricing is all about making a very small set of people richer by making all the rest of us pay more money for products.

                    So, fuck no.

                    Z 1 Reply Last reply
                    16
                    • T teppa

                      So we accept that our currency is being debased by an inflation index that barely tracks real inflation, as we buy half of all mortgage bonds federally to juice home values and running QE, but we want to ban algorithms that attempt to maintain profits?

                      If you don’t want prices to rise then perhaps a lower inflation target makes more sense. Maybe even a law that wages automatically rise with inflation. But we all know they don’t want that, they would need to actually raise taxes if they did that, and housing wouldn’t turn into a giant ponzi scheme that artificially boosts GDP.

                      P This user is from outside of this forum
                      P This user is from outside of this forum
                      Phoenixz
                      wrote on last edited by
                      #10

                      How about we ban all of that crap, then? Because algorithmic pricing will be abused, we all know it because things like these always get abused because the abuse is so damn simple.

                      An absolute no to this

                      T 1 Reply Last reply
                      2
                      • eezeebee@lemmy.caE eezeebee@lemmy.ca

                        The link to their form where you can give your input:

                        Link Preview Image
                        Feedback form – Algorithmic pricing and competition: Discussion paper

                        This consultation is open until July 22, 2025 (11:59pm Pacific time). Interested parties are invited to provide their feedback by mail or through the online feedback form. The aim of this paper is to strengthen the Bureau’s understanding of algorithmic pricing. The discussion paper highlights key questions on algorithmic pricing, including:

                        favicon

                        (competition-bureau.canada.ca)

                        H This user is from outside of this forum
                        H This user is from outside of this forum
                        hellsbelle@sh.itjust.works
                        wrote on last edited by
                        #11

                        I have to add an attachment in order to submit. 😕

                        Maybe I should just send a meme.

                        the Howling NorthT 1 Reply Last reply
                        2
                        • P Phoenixz

                          Algorithmic pricing is all about making a very small set of people richer by making all the rest of us pay more money for products.

                          So, fuck no.

                          Z This user is from outside of this forum
                          Z This user is from outside of this forum
                          zipzoopaboop@lemmynsfw.com
                          wrote on last edited by
                          #12

                          It’s collusion out in the open

                          K 1 Reply Last reply
                          2
                          • T typotyper@sh.itjust.works

                            Does this mean flyers with listed prices are now useless.

                            What happens when the marked price on a shelf changes when I get to the cash register. Currently I walk away from a grocery cart of food if there is any hassle at the till. They can deal with it.

                            How are you supposed to plan trips when the the price is always changing

                            S This user is from outside of this forum
                            S This user is from outside of this forum
                            showroom7561@lemmy.ca
                            wrote on last edited by
                            #13

                            Does this mean flyers with listed prices are now useless.

                            Yes, and it would make price matching and planning ahead obsolete, too.

                            Basically, this is designed to maximize profits by “optimizing” how customers get screwed over.

                            1 Reply Last reply
                            3
                            • Sunshine (she/her)S Sunshine (she/her)
                              This post did not contain any content.
                              Link Preview Image
                              Competition Bureau seeking public input on algorithmic pricing

                              OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

                              favicon

                              thecanadianpressnews.ca (www.thecanadianpressnews.ca)

                              M This user is from outside of this forum
                              M This user is from outside of this forum
                              melsaskca@lemmy.ca
                              wrote on last edited by
                              #14

                              What about fucking cost accounting? That is closer to the truth of value than charging what you “feel”. Cost accounting is transparent. Fair for everyone.

                              1 Reply Last reply
                              0
                              • H hellsbelle@sh.itjust.works

                                I have to add an attachment in order to submit. 😕

                                Maybe I should just send a meme.

                                the Howling NorthT This user is from outside of this forum
                                the Howling NorthT This user is from outside of this forum
                                the Howling North
                                wrote on last edited by
                                #15

                                I sent this.

                                H 1 Reply Last reply
                                3
                                • the Howling NorthT the Howling North

                                  I sent this.

                                  H This user is from outside of this forum
                                  H This user is from outside of this forum
                                  hellsbelle@sh.itjust.works
                                  wrote on last edited by
                                  #16

                                  Thanks. Gonna search my images now.

                                  1 Reply Last reply
                                  1
                                  • P Phoenixz

                                    How about we ban all of that crap, then? Because algorithmic pricing will be abused, we all know it because things like these always get abused because the abuse is so damn simple.

                                    An absolute no to this

                                    T This user is from outside of this forum
                                    T This user is from outside of this forum
                                    teppa
                                    wrote on last edited by teppa@piefed.ca
                                    #17

                                    What is the outcome you want, to have prices stay the same?

                                    I’m just saying they cant stay the same, if prices do fall then the Bank of Canada will do QE and buy mortgage bonds to push prices up, so what is it you think you are fighting by banning algorithm?

                                    1 Reply Last reply
                                    0
                                    • Z zipzoopaboop@lemmynsfw.com

                                      It’s collusion out in the open

                                      K This user is from outside of this forum
                                      K This user is from outside of this forum
                                      kichae@lemmy.ca
                                      wrote on last edited by
                                      #18

                                      “It’s computers, so it doesn’t count for some reason”

                                      1 Reply Last reply
                                      2

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