substitutes. This, in turn, intensifies competition among providers, generating greater surplus for consumers. A platform, in turn …, we show that a platform will tend to set the download limit at a lower level than would be welfare- maximizing; indeed …, in some instances, so low that no download limit is welfare superior to the limit the platform would set. Somewhat …

consumers. A platform captures this increased surplus by charging consumers higher access fees. Even accounting for congestion … externalities, we show that a platform will tend to restrict downloads more than would be welfare-maximizing; indeed, in some … instances, by so much that a complete prohibition on such behavior is welfare superior to the practices the platform would …

. This generates greater surplus for consumers, which a platform captures via higher consumer access fees. Even accounting … for congestion externalities, a platform limits downloads more than would be welfare maximizing; indeed, by so much, that … barring such practices can be welfare superior to what a platform would do. Paradoxically, a platform will install more …

platform, in turn, can capture this increased surplus by charging consumers higher access fees. Even accounting for congestion … externalities, we show that a platform will tend to set the download limit at a lower level than would be welfare-maximizing; indeed …, in some instances, so low that no download limit is welfare superior to the limit the platform would set. Somewhat …

consumers. A platform captures this increased surplus by charging consumers higher access fees. Even accounting for congestion … externalities, we show that a platform will tend to restrict downloads more than would be welfare-maximizing; indeed, in some … instances, by so much that a complete prohibition on such behavior is welfare superior to the practices the platform would …