TYING IN TWO-SIDED MARKETS WITH MULTI-HOMING*
نویسندگان
چکیده
منابع مشابه
Two-Sided Markets and Price Competition with Multi-homing
We model duopoly competition between two platforms. They operate in a two-sided market where agents are heterogeneous on both sides of the market and are allowed to multihome. Network effects are captured within a vertical differentiation framework. Under single-homing there exists an interior equilibrium where networks exhibit asymmetric sizes and both firms enjoy positive profits. When all ag...
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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 کاملTying in Two-Sided Markets and The Impact of the Honor All Cards Rule
Payment card associations Visa and MasterCard offer both debit and credit cards and, until recently, used to engage in a tie-in on the merchant side through the so-called honorall-cards (HAC) rule. This rule has come under attack on the grounds that the credit and debit card markets are separate markets and that the associations lever their market power in the “credit card market” to exclude on...
متن کاملTying in Two-Sided Markets and the Honor All Cards Rule∗
Payment card associations offer both debit and credit cards and, until recently, engaged in a tie-in on the merchant side through the so-called honor-all-cards (HAC) rule. The HAC rule came under attack on the grounds that the credit and debit card markets are separate markets and that the associations lever their market power in the “credit card market” to exclude on-line debit cards and there...
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.
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ژورنال
عنوان ژورنال: The Journal of Industrial Economics
سال: 2010
ISSN: 0022-1821
DOI: 10.1111/j.1467-6451.2010.00426.x