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Platform Models and Strategic Interaction on a Multi-Agent Transport Network

Author

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  • Jolian McHardy

    (Department of Economics, University of Sheffield, UK)

Abstract

Strategic price interaction on networks with rival and interchangeable services are well-known to produce damaging externalities with which the number of agents acting independently can interact in non-linear ways. We examine how varying the number of independent agents can impact the relative performance of platform models on a transport network whose design can mitigate some of the damaging externalities in the 2-agent setting. We show that increasing the number of agents can preserve or enhance some of the benefits of the platform models under some circumstances but the platform structure, that abates damaging externalities with 2-agents, can constrain beneficial competitive forces with more agents, damaging relative performance.

Suggested Citation

  • Jolian McHardy, 2023. "Platform Models and Strategic Interaction on a Multi-Agent Transport Network," Working Papers 2023007, The University of Sheffield, Department of Economics.
    • Handle: RePEc:shf:wpaper:2023007
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    File URL: https://www.sheffield.ac.uk/economics/research/serps
    File Function: First version, March 17 2023
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    More about this item

    Keywords

    Platform; Strategic Interaction; Multi-operator; Transport Network; Pricing; Welfare;
    All these keywords.

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General

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