Networked Cournot Competition in Platform Markets
Unlike traditional firms, platforms do not manufacture products. Instead, they arrange matches between firms and consumers, facilitating a safe and simple trading process, providing value for all parties involved. Among the many design considerations for platforms is the trade-off between transparency and search costs. In this talk, we discuss the impact of transparency and search on the economic efficiency of platforms.
© 2017 IEEE. Date Added to IEEE Xplore: 18 January 2018. This work has received support from the NSF through AitF-1637598, CNS-1518941, CPS-154471, ECCS-1351621, and IIP-1632124. The collaboration began while the authors were visiting the Simons Institute for the Theory of Computing.