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A platform matches agents from two sides of a market to create a trading opportunity between them. The agents subscribe to the platform by paying subscription fees which are contingent on their reported private types, and then engage in strategic interactions with their matched partner(s). A...
Persistent link: https://www.econbiz.de/10012844756
known to the buyers. We model a monopoly's optimal pricing strategy to “screen” buyers' network information: their … – complete information pricing and uniform pricing – to shed light on the value of screening and the value of network in …
Persistent link: https://www.econbiz.de/10012850877
information together will lead to a downward distortion for all consumers in the quantities provided. Despite the overall downward …
Persistent link: https://www.econbiz.de/10014103016
-market externalities. Said platform has no private information, does not set the commodity's price and can only charge trading parties for …
Persistent link: https://www.econbiz.de/10013115237
, we investigate the optimal targeting strategy in the presence of information asymmetry. We provide precise indices for …
Persistent link: https://www.econbiz.de/10014036850
coordinate their choices when it is in their interest, if coordination does not require communication. It is shown that multiple … consumers. network choices. Enough heterogeneity in reservation values is necessary for existence of these asymmetric equilibria …. -- two-sided markets ; network externalities ; platform competition ; coordination …
Persistent link: https://www.econbiz.de/10003441183
coordinate their choices when it is in their interest, if coordination does not require communication. It is shown that multiple … consumers' network choices. Enough heterogeneity in reservation values is necessary for existence of these asymmetric equilibria …
Persistent link: https://www.econbiz.de/10013318906
interest to do so, and when coordination does not require communication. It is shown that multiple asymmetric networks can … equilibria product differentiation is endogenized by the network choices of consumers. Heterogeneity of consumers is necessary …
Persistent link: https://www.econbiz.de/10014069014
benefits from a favorable coordination bias in the market, in that for this platform it is less costly than for the other … platform to convince customers that the two sides will coordinate on joining it. We find that the degree of the coordination … access fees and the size of the platform. A slight increase in the coordination bias may induce the advantaged platform to …
Persistent link: https://www.econbiz.de/10014164585
equilibrium arbitrarily closely as the discount factor approaches one. This resolves the coordination problem which is prevalent …
Persistent link: https://www.econbiz.de/10014065980