The Simple Economics of Hybrid Marketplaces
The Simple Economics of Hybrid Marketplaces
复制标题
混合市场的简单经济学
DOI:
10.2139/ssrn.3650903
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发表时间:
2020
期刊:
影响因子:
--
通讯作者:
Jorge Padilla
中科院分区:
文献类型:
--
作者:
Neil Dryden;Sergey Khodjamirian;Jorge Padilla
This paper explains that that the decision of a marketplace to operate its own reseller in competition with third-party sellers within the platform is likely to spur competition to the ultimate benefit of consumers. A marketplace will profit by supplying directly as a reseller when that duality is needed to (a) achieve selection parity with other distribution channels and/or (b) prod third-party sellers to compete more aggressively. The success of a hybrid marketplace (i.e. an online business that is both a marketplace and a reseller operating in that marketplace) may require it to support its retail operations in order to increase the appeal of its store vis-à-vis other stores. The effect of such strategy on the incentives to innovate of other sellers in the marketplace is in principle ambiguous but the available evidence suggests it may be positive.