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Digital platforms, empowered by artificial intelligence algorithms, facilitate efficient interactions between consumers and merchants that allow the collection of profiling information which drives innovation and welfare. Private incentives, however, lead to information asymmetries resulting in...
Persistent link: https://www.econbiz.de/10014365917
failures both on-platform, among merchants, and off-platform, among competing platforms. This paper develops two product … introduces a new data right for platform users, the in-situ data right, which is associated with positive welfare gains. By …
Persistent link: https://www.econbiz.de/10013184643
Persistent link: https://www.econbiz.de/10012157942
firms competing for consumer attention and advertiser dollars. The last two decades of online platform competition … model innovations, and cross-platform rivalry. The palpable threat of displacement prevents online platforms from taking … their customers for granted. The history of online platform competition also provides empirical refutation of the …
Persistent link: https://www.econbiz.de/10012951065
new data right for platform users, the in-situ data right, which is associated with positive welfare gains. By …
Persistent link: https://www.econbiz.de/10014349354
attract users to the platform. On the other hand, data-driven network effects may result in monopolistic market power of …
Persistent link: https://www.econbiz.de/10012695163
This article is about a type of business that connects distinct groups of customers on a "multi-sided platform." Such … significant web-based businesses such as eBay, Facebook, and Google are multi-sided. Multi-sided platform businesses must account …
Persistent link: https://www.econbiz.de/10014220505
This paper addresses the analysis of market definition when the parties involved in an antitrust or merger analysis include one or more two-sided platforms. We discuss how standard market definition measures such as SSNIP tests, diversion ratios, and conditional logit demand analyses have to be...
Persistent link: https://www.econbiz.de/10014208295
Two-sided platforms (2SPs) cater to two or more distinct groups of customers, facilitating value-creating interactions between them. The village market and the village matchmaker were 2SPs; eBay and Match.com are more recent examples. Other examples include payment card systems, magazines,...
Persistent link: https://www.econbiz.de/10012467074
"Two-sided" markets have two different groups of customers that businesses have to get on board to succeed - there is a "chicken-and-egg" problem that needs to be solved. These industries range from dating clubs (men and women), to video game consoles (game developers and users), to credit cards...
Persistent link: https://www.econbiz.de/10014108723