Platform-run marketplaces may exploit third-party sellers' data to develop competing products, but potential for future competition can deter sellers' entry. We explore how this trade-off affects the platform's referral fee and its own entry decision. We first characterize the platform's optimal...

Platform-run marketplaces may exploit third-party sellers' data to develop competing products, but potential for future competition can deter sellers' entry. We explore how this trade-off affects the platform's referral fee and its own entry decision. We first characterize the platform's optimal...

Platform-run marketplaces may exploit third-party sellers' data to develop competing products, but potential for future competition can deter sellers' enrty. We explore how this trade-off affects the platform's referral fee and its own entry decision. We first characterize the platform's optimal...