[PDF] Top 20 PLATFORM COMPETITION IN TWO-SIDED MARKETS

... Many if not most markets with network externalities are two-sided. To succeed, platforms in industries such as software, portals and media, payment systems and the Internet, must “get both sides of ... See full document

... of two-sided ...the two hypotheses provided by ROCHET & TIROLE (2004) to characterise two- sided markets, namely the presence of indirect network externalities and the impact ... See full document

... prominence of the tying issue in the Microsoft case there has been a flurry of papers on tying models. Perhaps the closest, at least in spirit, to the model presented here is that of Gilbert and Katz (2007) who ... See full document

... on two-sided markets studies markets in which intermediary services, called “platforms”, facilitate interaction between distinct and distinguishable groups of agents, called “market ...these ... See full document

... network competition for buyers: If more buyers are attracted by both platforms, then platforms may compete harder for their business (in contrast, the increase in multi-homing keeping the network own demand ... See full document

... three markets, the thesis develops a random utility model for parental preferences, incorporating proximity, test scores, and preferences for ethnic peer ...of two-sided matchings, and develops an ... See full document

... Platform markets ease the commerce of products and services by concentrating different user groups in two- or multi-sided ...to two or more sides, mostly in triangular structure, aided ... See full document

... on two-sided markets and most economists who have worked on this topic agree that in two-sided markets cost based pricing does usually not lead to efficient ...in ... See full document

... domestic competition negatively affects the supply of credit, as we find a negative coefficient of CompDom in the regression on Loan and a positive coefficient in the regression on Discouraged, both of which are highly ... See full document

... of two-sided markets might be difficult to grasp, consumers face them quite frequently in their everyday ...have two traits in common. First is the necessity to “get on board” two ... See full document

... the platform operator is facing a difficult trade-off: For α > 0 , any increase of n 1 L and n 1 H reduces the utility of market side 1 agents, but their participation is crucial in order to exploit the high ... See full document

... on competition in "affected" markets (therefore, extending the analysis beyond the original market definition) could be considered at a later stage when conducting a full economic analysis, ... See full document

... The impact on price is as follows: when a consumer receives traffic without paying, ISPs are left to pick up the perceived marginal cost (as pointed out by LAFFONT, REY & TIROLE, 1998a). However, when consumers pay ... See full document

... of firms (Gable, Mathis et al. 1995). Endogenous barriers to entry aredeterrence movements, creating excess capacity, increasing advertisement and promotion expenditures, product differentiations, patents, controlling ... See full document

... of two-sided markets, i.e. markets where platforms facilitate interaction between two distinct groups of ...with two-sided markets, the most prominent papers are ... See full document

... on two-sided markets, pioneered by Rochet and Tirole [1,4], Caillaud and Jullien [3], and Armstrong [5,6], based on the theories of network externalities initiated by Katz and Shapiro ...the ... See full document

... It may appear that national concentration numbers are less important in an industry where competition tends to be local; for both newspaper readers and advertisers. Therefore, we now document the scale of the ac- ... See full document

... Example 10 (TELECOMMUNICATIONS WITH CALL EXTERNALITIES) Both callers and recipients of calls typically derive some bene…t from telephone calls, which are mediated by a telecommunications network. (The recipient’s bene…t ... See full document

... offered two-part tariffs, ...auction platform, especially, if buyers find the same sellers on both platforms and vice ...one platform, ...one platform is easy for ...the two cities ... See full document

... the platform. I find that the optimal membership fees set by the platform satisfy a threshold structure: only firms with marginal costs lower than a threshold are willing to join the ...a platform ... See full document