An Instant Classic: Rochet & Tirole, Platform Competition in Two-Sided Markets

Richard Schmalensee, Jan 30, 2015

The press release announcing that Jean Tirole had been awarded the 2014 Nobel Prize in Economic Sciences noted that he had “made important theoretical research contributions in a number of areas.” One of his most important contributions was the discovery and pioneering analysis of multi-sided platforms (“MSPs”) in his 2003 paper with Jean-Charles Rochet, Platform Competition in Two-Sided Markets. According to Google Scholar, this paper has been cited over 1800 times, fourth among Jean’s many papers. The Rochet & Tirole (“RT”) paper has spawn…

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