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This paper develops a fairly general model of platform competition in media markets allowing viewers to use multiple … platforms. This leads to a new form of competition between platforms, in which they do not steal viewers from each other, but … competition "either or both." A central result is that platform ownership does not affect advertising levels, despite nontrivial …
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point of view perfect competition is not always desirable. …
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We study monopoly and duopoly pricing in a two-sided market with dispersed information about users' preferences. First, we show how the dispersion of information introduces idiosyncratic uncertainty about participation rates and how the latter shapes the elasticity of the demands and thereby the...
Persistent link: https://www.econbiz.de/10010476892
This paper models the competition of user networks as a continuous-time Markov process. It presents a dynamic version … competition can be characterized by the coexistence of lock-in regimes and a 'metastable' state - i.e. a state which is a …
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