The Finnish Competition Authority releases two reports on positive and negative effects of Algorithms on competition

Continuous development of algorithms requires ensuring the functioning of competition and the interests of consumers* Algorithms may have both positive and negative effects on competition and consumers. Two reports by the Finnish Competition and Consumer Authority (FCCA) show that the current legislation is able to address only some of the problems caused by algorithms. In order to improve supervision and to enhance the opportunities for consumers to act, the impacts and significance of algorithms must continue to be monitored. The FCCA actively monitors market digitalisation and any related phenomena. The Agency has now examined in two reports

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Finnish Competition Authority, The Finnish Competition Authority releases two reports on positive and negative effects of Algorithms on competition, 9 February 2021, e-Competitions February 2021 - II, Art. N° 99327

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