Platform Pricing under Dispersed Information
AbstractWe study monopoly and duopoly pricing in a two-sided market with dispersed information about users' preferences. We first show how the dispersion of information introduces idiosyncratic uncertainty about participation rates and how the latter shapes the elasticity of the demands and thereby the equilibrium prices. We then study informative advertising campaigns and product design affecting the agents' ability to estimate their own valuations and/or the distribution of valuations on the other side of the market.
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Bibliographic InfoPaper provided by Institut d'Économie Industrielle (IDEI), Toulouse in its series IDEI Working Papers with number 793.
Date of creation: Aug 2013
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two-sided markets; dispersed information; platform competition; global-games; informative advertising;
Other versions of this item:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-18 (All new papers)
- NEP-COM-2013-10-18 (Industrial Competition)
- NEP-CTA-2013-10-18 (Contract Theory & Applications)
- NEP-MIC-2013-10-18 (Microeconomics)
- NEP-MKT-2013-10-18 (Marketing)
- NEP-NET-2013-10-18 (Network Economics)
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