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platforms and platform competition, and elaborates on some routes taken by recent research. …
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Central features of today’s electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two-sided business models that partly involve indirect...
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sellers shape the market structure in platform industries. If product market competition is tough, sellers avoid competitors … single platform emerges, and platforms fight for the dominant position. These insights give rise to novel predictions. For … instance, market concentration and fees are negatively correlated in platform industries, which inverts the standard logic of …
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