Platform Competition as Network Contestability
| Autor: | Robert P. Gilles, Dimitrios Diamantaras |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2013 |
| Předmět: |
Social and Information Networks (cs.SI)
FOS: Computer and information sciences jel:D81 Physics - Physics and Society Computer Science - Computer Science and Game Theory jel:D85 competition middlemen ambiguity platform two-sided market market intermediation jel:C72 FOS: Physical sciences Computer Science - Social and Information Networks Physics and Society (physics.soc-ph) Computer Science and Game Theory (cs.GT) |
| Popis: | Recent research in industrial organisation has investigated the essential place that middlemen have in the networks that make up our global economy. In this paper we attempt to understand how such middlemen compete with each other through a game theoretic analysis using novel techniques from decision-making under ambiguity. We model a purposely abstract and reduced model of one middleman who pro- vides a two-sided platform, mediating surplus-creating interactions between two users. The middleman evaluates uncertain outcomes under positional ambiguity, taking into account the possibility of the emergence of an alternative middleman offering intermediary services to the two users. Surprisingly, we find many situations in which the middleman will purposely extract maximal gains from her position. Only if there is relatively low probability of devastating loss of business under competition, the middleman will adopt a more competitive attitude and extract less from her position. 23 pages, 3 figures |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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