Book contents
- The Cambridge Handbook of Algorithmic Price Personalization and the Law
- The Cambridge Handbook of Algorithmic Price Personalization and the Law
- Copyright page
- Contents
- Figures and Tables
- Contributors
- Introduction
- Part I Understanding the Phenomenon
- 1 What Is the Problem with Price Personalization?
- 2 The Economics of Price Personalization
- 3 Price Personalization versus Contract Terms Personalization
- 4 Personalized Pricing in the Age of Big Data
- 5 The Rise and Uneasy Decline of the Impersonal Price
- Part II EU Law Perspectives on Price Personalization
- Part III Beyond the European Union
- Index
5 - The Rise and Uneasy Decline of the Impersonal Price
from Part I - Understanding the Phenomenon
Published online by Cambridge University Press: 20 March 2025
- The Cambridge Handbook of Algorithmic Price Personalization and the Law
- The Cambridge Handbook of Algorithmic Price Personalization and the Law
- Copyright page
- Contents
- Figures and Tables
- Contributors
- Introduction
- Part I Understanding the Phenomenon
- 1 What Is the Problem with Price Personalization?
- 2 The Economics of Price Personalization
- 3 Price Personalization versus Contract Terms Personalization
- 4 Personalized Pricing in the Age of Big Data
- 5 The Rise and Uneasy Decline of the Impersonal Price
- Part II EU Law Perspectives on Price Personalization
- Part III Beyond the European Union
- Index
Summary
This chapter deals with a market arrangement at a moment of uncertainty and concern around its continued existence. This arrangement is what I call the impersonal price, or a system of impersonal retail prices, elsewhere also referred to as a system of fixed prices. These phrases describe markets where prices are visible, homogeneous across customers, and non-negotiable. As the chapter shows, impersonal retail prices did not just happen. They are the product of complex interactions between legal regulation, material-technical arrangements, and economic theories, as mobilized in different historical contexts to different socio-political and economic ends.
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- Publisher: Cambridge University PressPrint publication year: 2025