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The Liquidity Advantage of the Quote-Driven Market: Evidence from the Betting Industry

Flepp, Raphael; Nüesch, Stephan; Franck, Egon - Institut für Betriebswirtschaftslehre, … - 2014

Even though betting exchanges are considered to be the superior business model in the betting industry due to less … 1.8 million bookmaker and betting exchange odds for 17,410 soccer matches played worldwide, we find that the bookmaker … offers higher odds and bettor returns than the betting exchange when liquidity at the betting exchange is low. …

Persistent link: https://www.econbiz.de/10010938729

Platform competition : Betfair and the U.K. market for sports betting

Casadesus-Masanell, Ramon; Campbell, Neil - 2018

We examine two episodes of strategic interaction in the U.K. betting industry: (i) Betfair (an entrant multi … underfunded second mover in the betting exchange space, it was able to attract punters at a much faster rate than the better …

Persistent link: https://www.econbiz.de/10012019905

Price-cost margin and bargaining power in the European Union

Soares, Ana Cristina - 2019

Using firm-level data between 2004 and 2012 for eleven countries of the European Union (EU), we document the size of product and labour market imperfections within narrowly defined sectors including services which are virtually undocumented. Our findings suggest that perfect competition in both...

Persistent link: https://www.econbiz.de/10011999316

Network Neutrality and Network Management Regulation : Quality of Service, Price Discrimination, and Exclusive Contracts

Economides, Nicholas; Tåg, Joacim - 2015

We compare four approaches to network neutrality and network management regulation in a two-sided market model: (i) no variations in Quality of Service and no price discrimination; (ii) variations in Quality of Service but no price discrimination; (iii) variations in Quality of Service and price...

Persistent link: https://www.econbiz.de/10014183299

Efficiency and the Provision of Open Platforms

Tåg, Joacim - 2008

Private firms may not have efficient incentives to allow third-party producers to access their platform or develop extensions for their products. Based on a two-sided market model, I discuss two reasons for why. First, a private firm may not be able to internalize all benefits from cross-group...

Persistent link: https://www.econbiz.de/10014218547

Dynamic Platform Competition in a Two-Sided Market : Evidence from the Online Daily Deals Promotion Industry

Kim, Byung-Cheol; Lee, Jeongsik; Park, Hyunwoo - 2013

We empirically study a dynamic platform competition in the online daily deals promotion industry characterized by intense rivalry between two leading promotion sites, Groupon and LivingSocial, that broker between local merchants and local consumers. We find that, for a comparable deal, the...

Persistent link: https://www.econbiz.de/10014164584

Competition, Innovation and Productivity Growth : A Review of Theory and Evidence

Ahn, Sanghoon - 2015

This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run. From a long-run perspective, one can see that gains from competition-enhancing regulatory reform are likely to exceed static gains observed in the short run since firms will...

Persistent link: https://www.econbiz.de/10014113850

Strategic Freedom, Constraint, and Symmetry in One-Period Markets with Cash and Credit Payment

Shubik, Martin; Smith, Eric - 2003

In order to explain in a systematic way why certain combinations of market, financial, and legal structures may be intrinsic to certain capabilities to exchange real goods, we introduce criteria for abstracting the qualitative functions of markets. The criteria involve the number of strategic...

Persistent link: https://www.econbiz.de/10014082962

Monopoly Without a Monopolist : An Economic Analysis of the Bitcoin Payment System

Huberman, Gur - 2017

Owned by nobody and controlled by an almost immutable protocol the Bitcoin payment system is a platform with two main constituencies: users and profit seeking miners who maintain the system's infrastructure. The paper seeks to understand the economics of the system: How does the system raise...

Persistent link: https://www.econbiz.de/10012948371

Network Neutrality and Network Management Regulation : Quality of Service, Price Discrimination, and Exclusive Contracts

Economides, Nicholas - 2012

Persistent link: https://www.econbiz.de/10013107376