search query: @freeterm platforms / total: 3
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| Author: | Nocke, V. Peitz, M. Stahl, K. |
| Title: | Platform ownership |
| Journal: | Journal of the European Economic Association
2007 : DEC, VOL. 5:6, p. 1130-1160 |
| Index terms: | buying selling trading |
| Freeterms: | ownership platforms |
| Language: | eng |
| Abstract: | A theoretical framework of trade is developed on trade on a platform on which buyers and sellers interact, and the impact of different platform ownership is compared. If two-sided network effects are strong, monopoly ownership induces more trade than dispersed ownership and is therefore socially preferable. Independent of the strength of network effects, monopoly ownership dominates a club-like ownership structure where incumbent owners can exclude potential entrants. |
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