Platform Competition in Two-Sided Markets

Jean-Charles Rochet, Jean Tirole, Jan 30, 2015 Many if not most markets with network externalities are two-sided. To succeed, platforms in industries such as software,...

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...

Object Restrictions and Two-sided Markets in EU Competition Law after Cartes...

Renato Nazzini, Ali Nikpay, Jan 30, 2015 On September 11, 2014, the Court of Justice overturned the judgment of the General Court upholding the European...

Antitrust Issues in Two-Sided Network Markets: Lessons from In Re Payment...

Alan Sykes, Jan 30, 2015 In 2013, I served as a court-appointed expert in consolidated class and individual plaintiff antitrust litigation against Visa and Mastercard...

Economic Considerations Raised by the Federal Trade Commission’s Investigation of Google’s...

Robert Levinson, Michael Salinger, Jan 30, 2015 In January 2013, the Federal Trade Commission closed its nineteen-month antitrust investigation into Google’s search practices. The primary...

Price Restrictions in Multi-sided Platforms: Practices and Responses

Benjamin Edelman, Julian Wright, Jan 30, 2015 In connecting buyers to sellers, some two-sided platforms require that sellers offer their lowest prices through the platform,...

The Antitrust Analysis of Rules and Standards for Software Platforms

David Evans, Jan 30, 2015 Software platforms anchor vast global communities of users, application developers, device manufacturers, content providers, advertisers, and others. They drive innovation...

Competition Policy and Regulation in Credit Card Markets: Insights from Single-sided...

Dennis Carlton, Ralph Winter, Jan 30, 2015 This paper reexamines the economics of two common features of credit card networks: the interchange fee paid by...

Let the Right “One” Win: Policy Lessons from the New Economics...

Glen Weyl, Alexander White, Jan 30, 2015 Many of the leading controversies in competition policy in the last two decades, especially those surrounding the Microsoft...

Card Surcharges and Cash Discounts: Simple Economics and Regulatory Lessons

Helene Bourguignon, Renato Gomes, Jean Tirole, Jan 30, 2015 The role of payment cards in modern economies can hardly be underrated. In 2013, debit and...

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