Jean Tirole, the French economist who won the Nobel Prize today, is known for the breadth and scope of his work across a number of fields. The Royal Swedish Academy specifically cited his work on competition and anti-trust issues as prizeworthy.
But I think many people will be most interested in his 2002 paper "Platform Competition in Two-Sided Markets," co-authored with Jean-Charles Rochet. Among other things, the paper offers a powerful explanation of why so many leading internet companies — most prominently Google and Facebook — don't charge for their products.
continue
No comments:
Post a Comment