Natural monopolies in digital platform markets / Francesco Ducci.
Material type:
TextSeries: Global competition law and economics policyPublisher: Cambridge, United Kingdom ; New York, NY, USA : Cambridge University Press, 2020Description: x, 191 pages: 23cmContent type: - text
- computer
- online resource
- 9781108867528
- 343.07/21 23
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MYCC Library General stacks | 343.0721 DUC 2020 (Browse shelf(Opens below)) | Available |
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| 343.0721 COM 2022 Competition law and economics inequality / | 343.0721 COM 2022 Competition inspections in 21 jurisdictions : a practitioner's guide | 343.0721 DOU Douglas H. Ginsburg : an antitrust professor on the bench : Liber Amicorum / | 343.0721 DUC 2020 Natural monopolies in digital platform markets / | 343.0721 ELE Eleanor M. Fox : antitrust ambassador to the world : liber amicorum / | 343.0721 EVO 2012 The evolution of competition laws and their enforcement : a political economy perspective / | 343.0721 EVO 2012 The evolution of competition laws and their enforcement : a political economy perspective / |
Based on author's thesis (doctoral - University of Toronto, 2019).
Includes bibliographical references and index.
Introduction -- Technological Change and Natural Monopolies in Digital Industries -- Horizontal Search -- E-Commerce Marketplaces -- Ride-Hailing PlatformsChapter -- The Institutional Dimension of Alternative Policy Options -- Conclusion
"Multi-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"-- Provided by publisher.
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