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The Liquidity Advantage of the Quote-Driven Market: Evidence from the Betting Industry
Flepp, Raphael; Nüesch, Stephan; Franck, Egon - Institut für Betriebswirtschaftslehre, … - 2014
Even though betting exchanges are considered to be the superior business model in the betting industry due to less … 1.8 million bookmaker and betting exchange odds for 17,410 soccer matches played worldwide, we find that the bookmaker … offers higher odds and bettor returns than the betting exchange when liquidity at the betting exchange is low. …
Persistent link: https://www.econbiz.de/10010938729
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Platform competition : Betfair and the U.K. market for sports betting
Casadesus-Masanell, Ramon; Campbell, Neil - 2018
We examine two episodes of strategic interaction in the U.K. betting industry: (i) Betfair (an entrant multi … underfunded second mover in the betting exchange space, it was able to attract punters at a much faster rate than the better …
Persistent link: https://www.econbiz.de/10012019905
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Price-cost margin and bargaining power in the European Union
Soares, Ana Cristina - 2019
Using firm-level data between 2004 and 2012 for eleven countries of the European Union (EU), we document the size of product and labour market imperfections within narrowly defined sectors including services which are virtually undocumented. Our findings suggest that perfect competition in both...
Persistent link: https://www.econbiz.de/10011999316
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Price coordination in two-sided markets : competition in the TV industry
Kind, Hans Jarle; Nilssen, Tore; Sørgard, Lars - 2010
The TV industry is a two-sided market where both advertisers and viewers buy access to the programs offered by competing TV channels. Under the current market structure advertising prices are typically set by TV channels while viewer prices are set by distributors (e.g. cable operators). The...
Persistent link: https://www.econbiz.de/10003955216
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Open versus closed platforms
Tåg, Joacim (contributor) - 2008
This paper studies an industry where firms can choose to provide open or closed platforms. Open, as opposed to closed, platforms are extendable so that third-party producers can develop extensions for them. Building on a two-sided market model, I show that firms might prefer to commit to keeping...
Persistent link: https://www.econbiz.de/10003691582
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Efficiency and the provision of open platforms
Tåg, Joacim (contributor) - 2008
Private firms may not have efficient incentives to allow third-party producers to access their platform or develop extensions for their products. Based on a two-sided market model, I discuss two reasons for why. First, a private firm may not be able to internalize all benefits from cross-group...
Persistent link: https://www.econbiz.de/10003691584
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Network neutrality and network management regulation : quality of service, price discrimination, and exclusive contracts
Economides, Nicholas; Tåg, Joacim - 2011
We compare four approaches to network neutrality and network management regulation in a two-sided market model: (i) no variations in Quality of Service and no price discrimination; (ii) variations in Quality of Service but no price discrimination; (iii) variations in Quality of Service and price...
Persistent link: https://www.econbiz.de/10009382383
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Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode by which an intermediary holds inventories...
Persistent link: https://www.econbiz.de/10011517977
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Network Neutrality and Network Management Regulation : Quality of Service, Price Discrimination, and Exclusive Contracts
Economides, Nicholas - 2012
We compare four approaches to network neutrality and network management regulation in a two-sided market model: (i) no variations in Quality of Service and no price discrimination; (ii) variations in Quality of Service but no price discrimination; (iii) variations in Quality of Service and price...
Persistent link: https://www.econbiz.de/10013107376
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Two-Sided Platform Competition in the Online Daily Deals Promotion Market
Kim, Byung-Cheol - 2013
We empirically investigate the platform competition in the online daily deals promotion market that is characterized by intense rivalry between two leading promotion sites, Groupon and LivingSocial, that broker between merchants and consumers. We find that deals offered through Groupon, the...
Persistent link: https://www.econbiz.de/10013090556