Multi-sided platforms (MSPs), which bring together two or more interdependent groups of customers, have recently risen to economic and business prominence in many industries. This paper first lays out a simple micro-founded framework which aims to organize academic and managerial thinking about...

We study a two-sided marketplace with network effects, where buyers face congestion as they compete for the same resources the platform provides. To ease this congestion, the platform can exercise greater control on the marketplace or use pricing as a lever to limit the market size, thus...

This paper studies a “market creating” firm that offers a matching environment, by charging an access fee, to a population of users who wish to form a match. We focus on an environment where users only observe a signal from their randomly assigned partner's type and the signal...

This paper studies a 'market creating' firm (platform) that offers a matching environment by charging an access fee to a population of high and low type users who wish to form a match. We focus on an environment where users only observe a signal of their randomly assigned partner's type and...

An impressive series of scandals and market crashes, including FTX, Celsius and Voyager, have shown the weaknesses of crypto-economy’s market infrastructures. Crypto-trading platforms have become dominant financial institutions, acting as trading venues, broker-dealers, and lenders at the same...

Purpose –This paper aims to explore the promotion decisions of heterogeneous sellers on a decentralized platform under competitive conditions and analyzes its impact on platform profit, seller revenue, buyer surplus and social welfare.Design/methodology/approach – This paper considers a...