platform, leading to the implication that a platform can maximize its total profits by subsidizing one of its sides. We show … fill this gap by developing a model for platform competition in a differentiated setting (a Hoteling line), which is … that when both sides in a platform market multi-home, the strategic interdependence between the two sides of the same …

We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the … the focal platform whenever such equilibrium exists. Yet when faced with higher-quality competition, can a low …-quality platform remain focal? In the finite-horizon case, the unique equilibrium is efficient for "patient" platforms; with an …