Competition in two-sided markets
Bibliographic Data
| ID | 23367476 |
|---|---|
| Authors | Mark Armstrong (0000-0003-0962-8112, Wardell Armstrong (United Kingdom), corresponding author) |
| Year | 2006 |
| Volume | 37 |
| Issue | 3 |
| Pages | 668-691 |
| Publication date | 2006-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The RAND Journal of Economics (JOURNAL) |
| Journal identifiers | ISSN: 0741-6261 • E-ISSN: 1756-2171 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1756-2171.2006.tb00037.x |
| OpenAlex | W2169544344 |
| Language | EN |
| Citations received | 106 |
| References cited | 17 |
Many markets involve two groups of agents who interact via “platforms,“ where one group's benefit from joining a platform depends on the size of the other group that joins the platform. I present three models of such markets: a monopoly platform; a model of competing platforms where agents join a single platform; and a model of “competitive bottlenecks” where one group joins all platforms. The determinants of equilibrium prices are (i) the magnitude of the cross-group externalities, (ii) whether fees are levied on a lump-sum or per-transaction basis, and (iii) whether agents join one platform or several platforms.
Business · Combinatorics · Competition (biology) · Database · Database transaction · Economics · Externality · Group (periodic table) · Industrial organization · Join (topology) · Joins · Microeconomics · Monopoly · Network effect · Computer Science · Consumer Market Behavior and Pricing · Digital Platforms and Economics · Mathematics · Merger and Competition Analysis
Filling in the gaps
Upward Pricing Pressure in Two‐sided Markets
Economics of Privacy and User‐Generated Content
Business Platforms
Bridging differing perspectives on technological platforms
Digital platform ecosystems
Two-sided markets
Industry Platforms and Ecosystem Innovation
Networks, platforms, and strategy
Economic modeling of innovation in the creative industries and its implications
Integrative Review of Recruitment Literature
Deceptive Features on Platforms
Strategic Differentiation by Business Models
Online Advertising and Privacy
A Blockchain Technology Introduction Strategy for Asymmetric Sharing Platforms under Different Homing Behaviors of Both Sides
La Gratuité Peut-Elle Avoir Des Effets Anticoncurrentiels ? Une Perspective D’Économie Industrielle Sur Le Cas Google (Exclusionary Pricing in a Two-Sided Platform
Continuous adoption of online healthcare platforms
Regulating Dominant Platforms
The platform policy matrix
Crowdsourcing as a mode of open innovation
The economics of platform liability
Net neutrality and high-speed broadband networks
Should social networks inform their users about the prices they charge advertisers
What does it take to survive in a digital world? Resource-based theory and strategic change in the TV industry
The art of crowdfunding arts and innovation
The social value of a ridesharing platform
A Theory of Digital Economy Development
“Platform Holdup” and Platform Regulation
The impact of antitrust enforcement on China’s digital platforms
Knowledge management and innovation
From matchmakers to innovation machines
A bibliometric analysis of 30 years of platform research
Advertising strategies for innovation capability sharing
Professional services in the age of platforms
The paradox of (Inter)net neutrality
Digital industrial platform development
The Stackelberg duel between Central Bank Digital Currencies and private payment titans in China
Deciphering the determinants
The impact of metaverse for business model innovation
Business model innovation in video-game consoles to face the threats of mobile gaming
Income distribution and nudity on social media
Leveraging collaborations to increase the impact of food sharing platforms
Toward identifying the critical mass in spatial two-sided markets
Do the companies of the future have a future? A case-based overview of the structure, development and limitations of delivery platforms
Intellectual monopoly in global value chains
Multichannel distribution strategy of Airbnb hosts
Twenty Years of Network Usage Fees in South Korea
Personal Data
How Does an Incumbent News Media Organization Become a Platform? Employing Intra-Firm Synergies to Launch the Platform Business Model in a News Agency
Conflicts of interest and incentives to bias
A Comparative Analysis of Data-Driven Monopolization
Información personal
The Impact of Airbnb on the Hotel Industry
Developing a P2P lending platform
Impact of O2O platform multihoming and vertical integration on performance of local service firms – a quantile regression approach
Beyond price and money
Food waste in the sharing economy
Has Covid-19 accelerated the E-commerce of agricultural products? Evidence from sales data of E-stores in China
The double-edged impact of e-commerce participation on farm’s Income
Business use of online platforms
Structuring and Operating Patent Intermediary as Platform Ecosystem
Price Negotiation with Merchant Heterogeneity in the Payment Card Industry
Is OTT Video a Substitute for TV? Policy Insights from Cord-Cutting
Does Online Availability Increase Citations? Theory and Evidence from a Panel of Economics and Business Journals
The Role of Interchange Fees in Two-Sided Markets
Les développements récents de la littérature sur les plates-formes
Intégration verticale et problèmes de coordination dans les marchés bifaces
L'impact de la suppression de la publicité sur les chaînes de télévision publiques
Faut-il autoriser des aides d’exploitation pérennes versées par les aéroports régionaux aux compagnies à bas coûts
Le rôle des effets de réseau locaux et des effets spatiaux dans le développement des plateformes numériques
Digital platforms versus local authorities
The Network Origins of Entry
Segmentation versus Agglomeration
Incertitude et complémentarité
Complex Dynamics in the Platform Ecosystem Competition Model Between IHAs and THAs
The age of digital entrepreneurship
The digital entrepreneurial ecosystem
The evolution of the global digital platform economy
Crossing administrative boundaries
E-commerce empowers urban entrepreneurial activity—Empirical evidence from the construction of national e-commerce demonstration cities
GenAI in tourism
Hotels to OTAs
Performance effects of innovation in two-sided markets
When users decide to bypass collaborative consumption platforms
Taxing platforms with multi-homing
A discrete model of market interaction in the presence of social networks and price discrimination
A market-based rationale for the privacy paradox
Hybrid Governance in Online Drug Distribution
Politics, entertainment and business
Newspaper Differentiation and Investments in Journalism
What do the Papers Sell? a Model of Advertising and Media Bias
On the Evolution of Market Institutions
Opening Access to Research
Competition for Advertisers and for Viewers in Media Markets
Mobile Call Termination
On the Optimality of Clickthrough Fees in Online Markets
The Ascent of Plastic Money
Making life ‘platform ready’
Evaluating structural and behavioral remedies for anticompetitive conducts in the ad tech ecosystem
Keep Winning with WinRed? Online Fundraising Platform as the Party's Public Good
| Unique citing works | 106 |
|---|---|
| Citations per year | 5,3 |
| Citation span | 2006 - 2026 (21) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 105 |