000 a
999 _c33391
_d33391
008 241105b xxu||||| |||| 00| 0 eng d
020 _a9781108811620
082 _a343.0721
_bDUC
100 _aDucci, Francesco
245 _aNatural monopolies in digital platform markets
260 _bCambridge University Press,
_c2020
_aCambridge :
300 _ax, 191 p. ;
_bill.,
_c23 cm
365 _b1282.69
_c
_d01
490 _aGlobal competition law and economics policy
504 _aIncludes bibliographical references and index.
520 _aMulti-sided platform markets characterized by network externalities have always existed as an economic paradigm, but in different technological forms.1 The old village market place, physical shopping malls, or any traditional fair can be seen as multi-sided platform markets connecting buyers and sellers. They are all platform-meeting places where different agents that want to interact and transact with each other are brought together by an intermediary. The traditional printed ad-based newspaper is also a classic version of a platform connecting advertisers and eyeballs. More readers increase the value for advertisers that want to reach them, and readers generally are indifferent to or dislike ads. Due to these externalities across the different sides, newspapers can often be provided for free to create an audience for advertisers. Payment cards of various kind, the first twosided market closely studied in the industrial organization literature, are also a typical example of platforms, which connect merchant and cardholders concluding transactions.
650 _aAntitrust law
650 _aElectronic commerce
650 _aLaw and legislation
650 _aInternet industry
650 _aDigital Industries
650 _aPlatform Intermediation
650 _aTheory of the Firm
650 _aAlternative business models
650 _aE-Commerce marketplace
650 _aAmazon
650 _aRide-hailing platforms
650 _aCompetition policy
650 _aNatural monopolies
650 _aBreak-up policies
942 _2ddc
_cBK