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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-sided platform, or MSP) vs. Flutter (also an MSP), and (ii) Betfair vs. traditional bookmakers. We find that although Betfair was an underfunded second mover in the betting exchange...

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

Does a platform monopolist want competition?

Niedermayer, Andreas - 2015

We consider a software vendor first selling a monopoly platform and then an application running on this platform. He may face competition by an entrant in the applications market. The platform monopolist can benefit from competition for three reasons. First, his profits from the platform...

Persistent link: https://www.econbiz.de/10011345756

Entry Deterrence : The Case of a Buyer with Market Power

Mudambi, Ram - 2014

The model considers a seller operating under the threat of an arbitrarily large number of unknown potential entrants and facing a strategic buyer. It is shown that the seller's Nash best response function slopes downward in price-output space, while that of the buyer slopes upward. The Nash...

Persistent link: https://www.econbiz.de/10014028160

Old Moats for New Models : Openness, Control, and Competition in Generative AI

Azoulay, Pierre; Krieger, Joshua L.; Nagaraj, Abhishek - National Bureau of Economic Research - 2024

Drawing insights from the field of innovation economics, we discuss the likely competitive environment shaping generative AI advances. Central to our analysis are the concepts of appropriability--whether firms in the industry are able to control the knowledge generated by their innovations--and...

Persistent link: https://www.econbiz.de/10014544752

Complementary Platforms

Reynaerts, Jo; Van Cayseele, Patrick - 2007

We introduce an analytical framework close to the canonical model of platfirm competition investigated by Rochet and Tirole (2006) to study pricing decisions in two-sided markets when two or more platfirms are needed simultaneously for the successful completion of a transaction. The model...

Persistent link: https://www.econbiz.de/10010313416

Prediction and identification in two-sided markets

Boik, Andre - 2018

correlated. I show that the standard "one-sided" model of complements is a special case of the two-sided model, and that it … generates those same hallmark features of two-sided markets. The model of complements also performs well in predicting price … common outcome in two-sided markets. The main cost to using a model of complements to estimate cross-group effects in a two …

Persistent link: https://www.econbiz.de/10011789113

Vertical Integration and Exclusivity in Platform and Two-Sided Markets

Lee, Robin S. - 2016

This paper measures the impact of vertically integrated and exclusive software on industry structure and welfare in the sixth-generation of the U.S. videogame industry (2000-2005). I specify and estimate a dynamic model of both consumer demand for hardware and software products, and software...

Persistent link: https://www.econbiz.de/10014048238

Superstars in Two-Sided Markets : Exclusives or Not?

Carroni, Elias - 2019

This article studies incentives for a premium provider (Superstar) to offer exclusive contracts to competing platforms mediating the interactions between consumers and firms. When platform competition is intense, more consumers subscribe to the platform hosting the Superstar exclusively. This...

Persistent link: https://www.econbiz.de/10012891051

Reassessing competition concerns in electronic communications markets

Peitz, Martin; Valletti, Tommaso M. - 2014

Central features of today’s electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two-sided business models that partly involve indirect...

Persistent link: https://www.econbiz.de/10010437054

Tax incidence on competing two-sided platforms : lucky break or double jeopardy

Belleflamme, Paul; Toulemonde, Eric - 2016

We consider the effects of taxes for competing two-sided platforms. We first detail how a platform passes a tax increase on its prices. Adding price competition, we study next how the tax affects profits. Because of the strategic implications of the cross-side external effects, the tax increase...

Persistent link: https://www.econbiz.de/10011459129