Two-sided markets, competitive bottlenecks and exclusive contracts.
We provide a framework for analyzing two-sided markets that allows for different degrees of product differentiation on each side of the market. When platforms are viewed as homogenous by sellers but heterogeneous by buyers, we show that “competitive bottlenecks” arise endogenously. In equilibrium, p...
Những tác giả chính: | Armstrong, M, Wright, J |
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Định dạng: | Journal article |
Ngôn ngữ: | English |
Được phát hành: |
Springer
2007
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