Bocconi at the Forefront of Cooperative Research Projects

The European network CIVICA Research, to which Bocconi belongs, has announced the winners of funding after the latest call for projects. These projects are cooperations between different universities, and Bocconi professors are working on seven of these projects, two of them as project leaders.

Equilearn, whose group includes Andrea Celli of the Department of Computing Sciences, studies machine learning by multiple agents in an interactive environment. It starts with a specific model of competition between firms which price a good over a number of time periods. The learned pricing strategies then evolve as a population over time. The research may explain how learning algorithms lead to price collusion rather than full competition.