Online Product Safety
This report explores the scope and magnitude of selected product safety challenges faced by consumers when purchasing tangible goods via e-commerce. It provides an overview of the government and business initiatives that have been carried out to protect consumers from three categories of unsafe products that are available for sale online in a number of jurisdictions. Such products include those: i) which have been banned or recalled; ii) with inadequate labelling and safety warnings; and iii) which do not meet voluntary and mandatory safety standards. The report is informed by the results of an OECD online product safety sweep in which 25 jurisdictions participated and inspected 1700 selected products available for sale online.
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Algorithms and collusion: Competition policy in the digital age
The combination of data with technologically advanced tools such as pricing algorithms and machine learning is increasingly changing the competitive landscape in the digital markets. There is a growing number of firms using computer algorithms to improve their pricing models, customise services and predict market trends, which could generate efficiencies. However, the widespread usage of algorithms could also pose possible anti-competitive effects by making it easier for firms to achieve and sustain collusion without any formal agreement or human interaction.
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Robo-Advice for Pensions
Riding the wave of technological innovation in finance, the robo-advice model has emerged as one potential solution to increase the accessibility and affordability of getting help to invest savings for retirement. These models are challenging traditional distribution channels, and are rapidly gaining market share in terms of assets under management. This report provides an overview of the types of robo-advisors that are now available and discusses the potential benefits, risks and challenges of such platforms.
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Ensuring Financial Education and Consumer Protection for All in the Digital Age
With the unprecedented pace of technological change and the proliferation of digital financial services around the world, the need to strengthen financial and digital literacy is an important component of the international policy agenda.
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