The Economics of Attention Markets

Posted by Social Science Research Network The Economics of Attention Markets By David S. Evans (Global Economics Group) Abstract:        This paper describes the fundamental economic features of the attention market in which platforms acquire time from consumers and sell access to that time to advertisers who want to deliver messages to those consumers. […]

Network Effects: March to the Evidence, Not to the Slogans

Posted by Social Science Research Network Network Effects: March to the Evidence, Not to the Slogans By David S. Evans (Global Economics Group) & Richard Schmalensee (MIT) Abstract:        Though network effects are important for multisided platforms, the simple winner-take-all notion that they always give larger platforms an insurmountable advantage over smaller rivals […]

Why the Dynamics of Competition for Online Platforms Leads to Sleepless Nights But Not Sleepy Monopolies

Posted by Social Science Research Network Why the Dynamics of Competition for Online Platforms Leads to Sleepless Nights But Not Sleepy Monopolies By David S. Evans (Global Economics Group) Abstract:      Recent claims that online platforms have secured permanent monopolies, protected by barriers to entry from network effects and stockpiles of data, and should […]

Antitrust In The EU Digital Markets: A Case Study

Antitrust In The EU Digital Markets: A Case Study

By Timothy Cowen & Stephen Dnes – This article will place EU competition law policy in a comparative perspective, drawing comparisons with U.S. federal antitrust law, which differs on a number of key points relating to innovation. As a starting point, both EU and U.S. policy and law both seek to foster innovation. However, they […]

Multisided Platforms, Dynamic Competition and the Assessment of Market Power for Internet-based Firms

Multisided Platforms, Dynamic Competition and the Assessment of Market Power for Internet-based Firms

By David S. Evans – This paper describes the new economics of multi-sided platforms by showing how new technologies have turbocharged this business model and led to online mobile platforms anchored by websites and mobile apps. In addition, it examines the implications of the online multi-sided platform business model for the analysis of market power for […]

Legal boundaries of Competition in the Area of Internet: Challenges and Judicial Responses

Zhu Li, March 20, 2016 Some new characteristics of competition in the Internet industry, e.g., competition for attention, innovation competition, cross-market competition etc., have brought about new challenges and difficulties for the legal regulation of competition. In virtue of the theoretical innovation and the innovation of law applicability, Chinese courts gave creative judicial responses in […]

Platform regulation — ex-ante versus ex-post intervention: evolving our antitrust tools and practices to meet the challenges

Alex Chisholm & Nelson Jung, March 20, 2016 The rapid change in the economic environment, in particular the growth of the digital economy, poses challenges for competition authorities and policymakers alike: what are the key considerations that should inform the approach to intervention in such a fast moving sector? Joseph Schumpeter showed that great historical […]

Supplement to Platform Economics: The Economics of Multi-Sided Businesses

Supplement to Platform Economics: The Economics of Multi-Sided Businesses

Oct 16, 2013 (Click here for a PDF version of the article.) I’ve written the following articles on multi-sided platforms since the publication of Platform Economics: Essays on Multi-Sided Businesses in December 2011. Hopefully, you’ll find them useful. The first article, the “Antitrust Analysis of Multi-Sided Platforms,” provides a survey of the literature on multi-sided […]