Competing Matchmakers: An Experimental Analysis
Competing Matchmakers: An Experimental Analysis
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竞争媒人:实验分析
DOI:
10.1287/mnsc.1110.1407
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发表时间:
2011
期刊:
影响因子:
--
通讯作者:
J. Morgan
中科院分区:
文献类型:
--
作者:
Tanjim Hossain;Dylan Minor;J. Morgan
Platform competition is ubiquitous, yet platform market structure is little understood. Theory models typically suffer from equilibrium multiplicity---platforms might coexist or the market might tip to either platform. We use laboratory experiments to study the outcomes of platform competition. When platforms are primarily vertically differentiated, we find that even when platform coexistence is theoretically possible, markets inevitably tip to the more efficient platform. When platforms are primarily horizontally differentiated, so there is no single efficient platform, we find strong evidence of equilibrium coexistence.
This paper was accepted by Peter Wakker, decision analysis.