scholarly journals Platform Competition in Two-Sided Markets: The Case of Payment Networks

2004 ◽  
Author(s):  
Sujit Chakravorti ◽  
Roberto Roson
Keyword(s):  
Platform Competition ◽  
Two Sided Markets

scholarly journals Platform Competition in Two-Sided Markets: The Case of Payment Networks

2006 ◽  
Vol 5 (1) ◽  
Author(s):  
Sujit Chakravorti ◽  
Roberto Roson
Keyword(s):  
Consumer Preferences ◽  
Differentiated Products ◽  
Platform Competition ◽  
Market Structures ◽  
Payment Instruments ◽  
Asymmetric Networks ◽  
Market Equilibria ◽  
Duopolistic Competition ◽  
Two Sided Markets

In this article, we construct a model to study competing payment networks, where networks offer differentiated products in terms of benefits to consumers and merchants. We study market equilibria for a variety of market structures: duopolistic competition and cartel, symmetric and asymmetric networks, and alternative assumptions about consumer preferences. We find that competition unambiguously increases consumer and merchant welfare. We extend this analysis to competition among payment networks providing different payment instruments and find similar results.

scholarly journals The Relative Performance of Real Estate Marketing Platforms: MLS versus FSBOMadison.com

2009 ◽  
Vol 99 (5) ◽  
pp. 1878-1898 ◽  
Author(s):  
Igal Hendel ◽  
Aviv Nevo ◽  
François Ortalo-Magné
Keyword(s):  
Real Estate ◽  
Direct Evidence ◽  
Network Size ◽  
Relative Performance ◽  
Listing Service ◽  
Platform Competition ◽  
Real Estate Marketing ◽  
Multiple Listing Service ◽  
Two Sided Markets

We compare house sales on a For-Sale-By-Owner (FSBO) platform to Multiple Listing Service (MLS) sales and find that FSBO precommission prices are no lower, but that FSBO is less effective in terms of time to sell and probability of a sale. We do not find direct evidence of the importance of network size as a reason for the lower effectiveness of FSBO. We do find evidence of endogenous platform differentiation: patient sellers use FSBO while patient buyers transact more often on the MLS (where they avoid patient sellers). We discuss the implications for platform competition, two-sided markets, and welfare. (JEL L85, M31, R31)

scholarly journals Platform Competition in Two-Sided Markets

2003 ◽  
Vol 1 (4) ◽  
pp. 990-1029 ◽  
Author(s):  
Jean-Charles Rochet ◽  
Jean Tirole
Keyword(s):  
Platform Competition ◽  
Two Sided Markets

Two-sided markets

2006 ◽  
Vol 3 (2) ◽  
pp. 57-63 ◽  
Author(s):  
Ralf Dewenter
Keyword(s):  
Zweiseitige Märkte ◽  
Two Sided Markets

Seit einiger Zeit wird in der Medienliteratur der Begriff der „two-sided markets“ (auch zweiseitige Märkte genannt) verwendet und vor allem in jüngster Vergangenheit hat die Anzahl der wissenschaftlichen Beiträge und Konferenzen zu diesem Thema deutlich zugenommen. Was ist genau unter diesem Begriff zu verstehen? Welche Besonderheiten weisen zweiseitige Märkte auf? Und welche medienökonomischen Implikationen lassen sich für diese Märkte ableiten? Um diese Fragen zu beantworten, werden im Folgenden das Prinzip der zweiseitigen Märkte am Beispiel von Medienmärkten erläutert und einige Besonderheiten dieser Märkte dargestellt.

Sign in / Sign up

Export Citation Format

Share Document