Session 6 - Spring 2023 will take place on Wednesday, 4:00 PM CET 03 May 2023, on Zoom Meeting
About The Series
The CIVICA Data Science Seminar series is a unique multi-disciplinary series focused on applications and methodologies of data science for the social, political, and economic world.
Session 6 - Spring 2022 Details
Recommender systems have become increasingly prevalent in digital markets, providing personalized product recommendations to consumers based on their preferences and behavior. However, there are concerns about the impact of these algorithms on market competition and consumer welfare. In this talk, Prof. Giacomo Calzolari, Dean of Research at the European University Institute, will demonstrate how his team's research uses a flexible model of consumer preferences and finds that recommender systems increase market concentration and prices, but also improve the match between consumers and products and reduce search costs. Overall, they often make users better off, but increasing the amount and precision of personal data used by the algorithms may harm consumer welfare.
Prof. Giacomo Calzolari
Giacomo Calzolari (Ph.D. University of Toulouse, 2001) joined EUI in September 2018 from the University of Bologna. He has published in top international journals such as American Economic Review, Rand Journal of Economics, International Economic Review, Games and Economic Behavior. He has been conferred the Young Economist Award of the European Economic Association and the 2014-Best paper award by the Association of Competition Economics. He is a member of the steering committee of the European Association of Industrial Economics, the Association of Competition Economics and the Economic Advisory Group on Competition Policy of the European Commission. His current research interests include competition policy, economics of regulation, industrial organization, banking regulation and supervision and the economics of incentives
Welcome Introduction Prof. Petra Kralj Novak, CEU
Setting the scene: Brief intro to the speaker and his talk
Seminar Session Prof. Giacomo Calzolari, European University Institute
Artificial Intelligence, Algorithmic Recommendations and Competition
Research Discussion. Lead Institution
Q&A / Discussion on the research
Upcoming seminar in the series and other announcements