Review of Network Economics
Editor-in-Chief: Grzybowski, Lukasz
Ed. by Briglauer, Wolfgang / Goetz, Georg / Pereira, Pedro
4 Issues per year
IMPACT FACTOR 2016: 0.500
5-year IMPACT FACTOR: 0.595
CiteScore 2016: 0.83
SCImago Journal Rank (SJR) 2015: 0.371
Source Normalized Impact per Paper (SNIP) 2015: 0.719
This paper provides a first pass at comparing two polar strategies for market intermediation: "merchant" mode buying from sellers and reselling to buyers - and "two-sided platform" mode enabling affiliated sellers to sell directly to affiliated buyers. The merchant mode is more profitable when the chicken-and-egg problem for the two-sided platform is more severe and when the degree of complementarity among sellers' products is higher. The platform mode is preferred when seller investment incentives are important or when there is asymmetric information regarding seller product quality. We discuss these tradeoffs in the context of several prominent digital intermediaries.
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