Two-sided Markets and Electronic Intermediaries
نویسندگان
چکیده
منابع مشابه
Two-Sided Markets and Electronic Intermediaries∗
The object of this paper is to discuss intermediation on-line from the perspective of two-sided markets. It builds a simple model of the intermediation activity when trading partners are involved into a commercial relationship and uses it to illustrate some of the results that emerge in the two-sided market literature, as well as to discuss some new aspects. The first part concentrates on a mon...
متن کاملQuality Management through Electronic Markets Intermediaries
If goods or services in a market vary in quality and the consumer has due to information asymmetry no means to differentiate providers of high quality from providers of low quality, the market can become a ‘lemon market’. This term was introduced by Akerlof to characterise markets where providers of bad quality drive out providers of good quality, creating cost of dishonesty and market failures...
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 کاملOne-sided Logic in Two-sided Markets
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...
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ژورنال
عنوان ژورنال: CESifo Economic Studies
سال: 2005
ISSN: 1610-241X,1612-7501
DOI: 10.1093/cesifo/51.2-3.233