A major result in the study of two-sided platforms is the strategic interdependence between the two sides of the same platform, leading to the implication that a platform can maximize its total profits by subsidizing one of its sides. We show that this result largely depends on assuming that at...

The ORIENTGATE project fosters concerted and coordinated climate adaptation actions across the SEE region by exploring climate risks faced by coastal, rural and urban communities; contributing to a better understanding of the impact of climate variability and change on water regimes, forests and...

This paper provides a first pass at clarifying the economic tradeoffs between two polar strategies for market intermediation: the merchant mode, in which the intermediary buys from sellers and resells to buyers; and the two-sided platform mode, under which the intermediary enables affiliated...

The most pressing debates in antitrust today center on major platforms like Amazon, Google, and Facebook. Platform markets are subject to strong network effects, which tend to create barriers to entry and reinforce market power. Frequently, the only way for a new platform to enter the market...