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Natural Monopolies in Digital Platform Markets

Natural Monopolies in Digital Platform Markets

Name: Natural Monopolies in Digital Platform Markets
Brand: Cambridge University Press
SKU: 9781108491143
Price: 1374.49 HKD
Availability: InStock
Author: Francesco Ducci
ISBN: 9781108491143

By Francesco Ducci

Cambridge University Press July 2020

Specifications

ISBN-13: 9781108491143
Publisher: Cambridge University Press
Publication: July 2020
Format: Hardback
Jurisdiction: U.K. ? Countri(es) for reference only

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Paperback

Details

Competition policy debates on digital platform markets are often premised on the idea that market fragmentation and the standard forces of competition and entry may provide a potential solution to excessive concentration and market power. In this work, Francesco Ducci provides readers with a different perspective based on the theoretical lens of natural monopoly. Ducci explores this framework through the development of three case studies on horizontal search, e-commerce marketplaces, and ride-hailing platforms, investigating the strength and limit of potential (and often heterogeneous) sources of natural monopoly at play in each industry. Building on these case studies, the book then derives from the application of the natural monopoly framework general policy implications for digital industries by identifying the respective institutional flaws and shortcomings of ex ante and ex post approaches to market power as one of the central challenges in digital platform markets.

1. Introduction

2. Technological change and natural monopolies in digital industries

3. Horizontal search

4. E-commerce marketplaces

5. Ride-hailing platforms

6. The institutional dimension of alternative policy options

7. Conclusion

Bibliography

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