Platform Competition in Two-Sided Markets

Rochet, Jean‐Charles; Triole, Jean

doi:10.1162/154247603322493212

Journal of the European Economic Association

2003

DOI: 10.1162/154247603322493212

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Platform Competition in Two-Sided Markets

Jean‐Charles Rochet

¹

,

Jean Triole

²

Abstract: Many if not most markets with network externalities are two‐sided. To succeed, platforms in industries such as software, portals and media, payment systems and the Internet, must “get both sides of the market on board.” Accordingly, platforms devote much attention to their business model, that is, to how they court each side while making money overall. This paper builds a model of platform competition with two‐sided markets. It unveils the determinants of price allocation and end‐user surplus for different gov… Show more

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Cited by 4,852 publications

(2,684 citation statements)

References 15 publications

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23

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Contrasting

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“…These results support our conjecture that, as claimed by Rochet and Tirole's (2003, 2006, 2011) and other scholars, the two-sided-market price structure affects card usage performance and MS in the Korean credit card market. Additionally, this study empirically proved that the Korean credit card market operates using the theoretical mechanism of two-sided markets despite having a different market system.…”

Section: Discussionsupporting

confidence: 91%

“…This means that while the price level (∆ TPR i,t ) is controlled, the price structure (∆ RPR i,t ) still affects the rate of changes in CTV. These empirical results support the conjecture that despite of difference from four-party system, the price structure effect of the two-sided markets theory asserted by Rochet and Tirole (2003, 2006) also exists in the domestic credit card market (three-party system). These results empirically confirm that the price structure effect, a key requirement of the two-sided market theory, exists in the Korean credit card market.…”

Section: Resultssupporting

confidence: 80%

See 1 more Smart Citation

How does the price structure of two-sided markets affect transaction volume and market share: evidence from the Korean credit card market

Jo¹,

Lee

²

2023

JDQS

0

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Exaggerated anticipatory anxiety is common in social anxiety disorder (SAD). Neuroimaging studies have revealed altered neural activity in response to social stimuli in SAD, but fewer studies have examined neural activity during anticipation of feared social stimuli in SAD. The current study examined the time course and magnitude of activity in threat processing brain regions during speech anticipation in socially anxious individuals and healthy controls (HC). Method Participants (SAD n = 58; HC n = 16) underwent functional magnetic resonance imaging (fMRI) during which they completed a 90s control anticipation task and 90s speech anticipation task.

show abstract

“…These results support our conjecture that, as claimed by Rochet and Tirole's (2003, 2006, 2011) and other scholars, the two-sided-market price structure affects card usage performance and MS in the Korean credit card market. Additionally, this study empirically proved that the Korean credit card market operates using the theoretical mechanism of two-sided markets despite having a different market system.…”

Section: Discussionsupporting

confidence: 91%

“…This means that while the price level (∆ TPR i,t ) is controlled, the price structure (∆ RPR i,t ) still affects the rate of changes in CTV. These empirical results support the conjecture that despite of difference from four-party system, the price structure effect of the two-sided markets theory asserted by Rochet and Tirole (2003, 2006) also exists in the domestic credit card market (three-party system). These results empirically confirm that the price structure effect, a key requirement of the two-sided market theory, exists in the Korean credit card market.…”

Section: Resultssupporting

confidence: 80%

How does the price structure of two-sided markets affect transaction volume and market share: evidence from the Korean credit card market

Jo¹,

Lee

²

2023

JDQS

0

Get access via publisher Add to dashboard Cite

Exaggerated anticipatory anxiety is common in social anxiety disorder (SAD). Neuroimaging studies have revealed altered neural activity in response to social stimuli in SAD, but fewer studies have examined neural activity during anticipation of feared social stimuli in SAD. The current study examined the time course and magnitude of activity in threat processing brain regions during speech anticipation in socially anxious individuals and healthy controls (HC). Method Participants (SAD n = 58; HC n = 16) underwent functional magnetic resonance imaging (fMRI) during which they completed a 90s control anticipation task and 90s speech anticipation task.

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“…First, as ISPs provide unique access to consumers, even competitive ISPs will not choose fully e¢ cient tari¤s and will induce excessive exclusion of contents. This conclusion is similar to results obtained for telecommunication termination charges 18 , although we focus on e¢ ciency of consumption in the presence of adverse selection.…”

Section: Discussionsupporting

confidence: 86%

Pricing Internet Traffic: Exclusion, Signalling and Screening

Jullien

¹

,

Sand‐Zantman

²

2014

SSRN Journal

3

0

Get access via publisher Add to dashboard Cite

Exaggerated anticipatory anxiety is common in social anxiety disorder (SAD). Neuroimaging studies have revealed altered neural activity in response to social stimuli in SAD, but fewer studies have examined neural activity during anticipation of feared social stimuli in SAD. The current study examined the time course and magnitude of activity in threat processing brain regions during speech anticipation in socially anxious individuals and healthy controls (HC). Method Participants (SAD n = 58; HC n = 16) underwent functional magnetic resonance imaging (fMRI) during which they completed a 90s control anticipation task and 90s speech anticipation task.

“…Firms attract Developers independent of their activity with the competing firm, so the prices offered to Developers are those of local monopolists. This result is observed empirically [ 14 , 16 ], and appears in other competition models [ 34 , 35 ].…”

Section: Analysis and Resultssupporting

confidence: 80%

Competition of multiplatform firms: Implications for the Internet of Things

MacCrory

¹

,

Katsamakas

²

2024

PLoS ONE

2

0

Get access via publisher Add to dashboard Cite

Exaggerated anticipatory anxiety is common in social anxiety disorder (SAD). Neuroimaging studies have revealed altered neural activity in response to social stimuli in SAD, but fewer studies have examined neural activity during anticipation of feared social stimuli in SAD. The current study examined the time course and magnitude of activity in threat processing brain regions during speech anticipation in socially anxious individuals and healthy controls (HC). Method Participants (SAD n = 58; HC n = 16) underwent functional magnetic resonance imaging (fMRI) during which they completed a 90s control anticipation task and 90s speech anticipation task.

show abstract

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