منابع مشابه
Experimentation in Two-Sided Markets
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its pro t stream in a continuous-time in nite-horizon framework by setting participation fees or quantities on both sides. We show that a price-setting platf...
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In this paper, I consider eight basic fallacies that can arise from using conventional wisdom from one-sided markets in two-sided market settings. These fallacies are illustrated using statements made in the context of regulatory investigations into credit card schemes in Australia and the United Kingdom. I discuss how these fallacies may be reconciled by proper use of a two-sided market analys...
متن کاملDefining Two-Sided Markets
We propose a general definition of “two-sided markets,” identify the conditions under which a market is indeed two-sided, and, finally, discuss why two-sidedness matters for business and public policies.
متن کاملUncoordinated Two-Sided Markets∗
Various economic interactions can be modeled as two-sided markets. A central solution concept to these markets are stable matchings, introduced by Gale and Shapley. It is well known that stable matchings can be computed in polynomial time, but many real-life markets lack a central authority to match agents. In those markets, matchings are formed by actions of self-interested agents. Knuth intro...
متن کاملCompetition in two-sided markets
Many markets involve two groups of agents who interact via “platforms,” where one group’s benefit from joining a platform depends on the size of the other group that joins the platform. I present three models of such markets: a monopoly platform; a model of competing platforms where agents join a single platform; and a model of “competitive bottlenecks” where one group joins all platforms. The ...
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2016
ISSN: 1542-4766
DOI: 10.1111/jeea.12175