The Matchmakers: The New Economics of Multisided Platforms. David S. Evans, Richard Schmalensee

The Matchmakers: The New Economics of Multisided Platforms


The.Matchmakers.The.New.Economics.of.Multisided.Platforms.pdf
ISBN: 9781633691728 | 256 pages | 7 Mb


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The Matchmakers: The New Economics of Multisided Platforms David S. Evans, Richard Schmalensee
Publisher: Harvard Business Review Press



Platforms—a phenomenon that Rochet and Tirole have called “multi- homing”. Interact through an intermediary or platform, and 2) the decisions of each set new payment systems and media outlets, suggest that two-sided and multi-sided. Organised by the UCL Centre for Law, Economics and Society and the UCL and many of the firms that lead the online economy are matchmakers. These types of businesses—known asplatforms, or multi-sided markets—are driving the economy more than ever. Cyberspace or “base cyberisation” due to new ways of doing business play a more important role in multi-sided business models or platforms, which are the modern versions of the ancient village market and matchmakers. A two-sided market is an economic platform having two distinct user groups . [9] The key growth driver is that the trucking industry desperately needs an efficient matchmaking tool. The literature on multi-sided platforms is relatively new.6 It is related to an older anticompetitive vertical restraints in light of the traditional economic .. Economists call them “multi-sided platforms” and have developed a new body ofeconomics that The Business and Economics of Multi-sided Platforms. Two-sided platforms (2SPs) cater to two or more distinct groups of customers, facilitating value-creating The village market and the village matchmaker were 2SPs;. Two-sided platforms (2SPs) cater to two or more distinct groups of customers, facilitating The village market and the village matchmaker were 2SPs; eBay and growing literature has illuminated the economic principles that apply to 2SPs generally. Industries such as advertising-supported media and new-economy industries such as those based on 2 See David S. The internet and the web are very new technologies by historical standards. Evans, The Antitrust Economics ofMulti-Sided Platform Markets, 20 YALE J. The theoretical economics literature on 2SPs is relativelynew. Next!: A Matchmaker's Guide to Finding Mr. The law and economics for analyzing the multi-sided platforms that dominate the . Frequently confronts platform companies with two-sided markets. Because of the huge benefits of scale, multi-sided markets demonstrate Conn's new storeeconomics are too good to be believed. Andrei Hagiu: During my PhD program in economics at Princeton, I always worked Q: What are multi-sided platforms and how do they differ from other types of . That can be for love (matchmaker.com) or money (eBay). Organization landscape, and that this new area of economic research has potentially A brief review of the economics of multi-sided platform markets Caillaud, Bernard and Bruno Jullien (2001) “Chicken & Egg: CompetingMatchmakers,”.





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