Multi-Agent Reinforcement Learning for Market Making: Competition without Collusion
Ziyi Wang, Carmine Ventre, Maria Polukarov · 2025
Algorithmic collusion has emerged as a central question in AI: Will the interaction between different AI agents deployed in markets lead to collusion? More generally, understanding how emergent behavior, be it a cartel or market dominance from more advanced bots, affects the market overall is an important research question.