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FinTech Platforms and Asymmetric Network Effects : Theory and Evidence from Marketplace Lending
Cong, Lin William; Tang, Ke; Xie, Danxia; Zhao, Weiyi - National Bureau of Economic Research - 2024
We conceptually identify and empirically verify using marketplace lending data the features distinguishing FinTech platforms from non-financial platforms: (i) Long-term contracts introducing default risk at both the individual and platform levels; (ii) Lenders' investment diversification to...
Persistent link: https://www.econbiz.de/10015145124
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Dog Eat Dog : Measuring Network Effects Using a Digital Platform Merger
Farronato, Chiara - 2020
Digital platforms are increasingly the subject of regulatory scrutiny. In comparison to multiple competitors, a single platform may increase consumer welfare if network effects are large or may decrease welfare due to higher prices or reduction in platform variety. We study the net effect of...
Persistent link: https://www.econbiz.de/10012482266
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Promoting Platform Takeoff and Self-Fulfilling Expectations : Field Experimental Evidence
Boudreau, Kevin - National Bureau of Economic Research - 2021
The theoretical literature on platforms and network effects predicts that the initial growth and takeoff of a platform crucially depends on the market's expectations of the future installed base. This paper tests this claim, reporting on a field experiment in which invitations to join a newly...
Persistent link: https://www.econbiz.de/10012482543
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Competing for Order Flow in OTC Markets
Lester, Benjamin - 2014
We develop a model of a two-sided asset market in which trades are intermediated by dealers and are bilateral. Dealers compete to attract order flow by posting the terms at which they execute trades-- which can include prices, quantities, and execution speed--and investors direct their orders...
Persistent link: https://www.econbiz.de/10012458057
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Market Expanding or Market Stealing? Competition with Network Effects in BikeSharing
Cao, Guangyu - 2018
Using staggered entry of two dockless bikesharing firms, we find the entrant expands the market for the incumbent. The entry helps the incumbent to serve a greater number of trips, make more bike investment, achieve higher revenue per trip, improve bike utilization rate, and form a wider and...
Persistent link: https://www.econbiz.de/10012480593
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The Gender Gap in Tech & Competitive Work Environments? Field Experimental Evidence from an Internet-of-Things Product Development Platform
Boudreau, Kevin - 2020
interactions with other participants. We find that (1) in non-STEM fields, the competition treatment leads to a 27% drop in … differences in men and women's responses to competition. The patterns are consistent with (3) men in non-STEM fields exhibiting … overconfidence in their likelihood of succeeding under competition. We also find that, while participation in highest in STEM fields …
Persistent link: https://www.econbiz.de/10012481737
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Optimal Monetary Policy with Endogenous Entry and Product Variety
Bilbiie, Florin O. - 2011
entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in …
Persistent link: https://www.econbiz.de/10012461168
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Surviving the Global Financial Crisis : Foreign Ownership and Establishment Performance
Alfaro, Laura - 2011
We examine the differential response of establishments to the recent global financial crisis with particular emphasis on the role of foreign ownership. Using a worldwide establishment panel dataset, we investigate how multinational subsidiaries around the world responded to the crisis relative...
Persistent link: https://www.econbiz.de/10012461517
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Optimal Choice of Product Scope for Multiproduct Firms under Monopolistic Competition
Feenstra, Robert - 2007
In this paper we develop a monopolistic competition model where firms exercise their market power across multiple …
Persistent link: https://www.econbiz.de/10012464943
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Dynamic Product Repositioning in Differentiated Product Markets : The Case of Format Switching in the Commercial Radio Industry
Sweeting, Andrew - 2007
The ability of firms to reposition their products can determine the effects of demand shocks, mergers and policy interventions in differentiated product markets. This paper estimates a dynamic oligopoly model to measure repositioning costs in the commercial radio industry. Based on a set of...
Persistent link: https://www.econbiz.de/10012465124