http://editjems.org/article-item/focality-advantage-in-platform-competition/ WebIn order to capture the effect of network effects and users’ beliefs, we assume a market with two competing platforms where one has an advantage in terms of the value it offers at the outset while the other platform enjoys focality–meaning, users …

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WebWe consider dynamic competition among platforms in a market with network externalities. A platform that dominated the market in the previous period be- comes \focal" in the current period, in that agents play the equilibrium in which they join the focal platform whenever such equilibrium exists. Web"Focality advantage in platform competition," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 28(1), pages 49-59, January. André Veiga & E. Glen Weyl & Alexander White, 2024. "Multidimensional Platform Design," American Economic Review, American Economic Association, vol. 107(5), pages 191-195, May. grand avenue elementary school baldwin ny

Focality advantage in platform competition - Wiley Online …

WebFeb 1, 2024 · Focality advantage in platform competition. Article. Jan 2024; Hanna Hałaburda; Yaron Yehezkel; We consider a methodology for studying how beliefs shape platform competition based on the notion ... WebOct 22, 2015 · Platform competition typically involves not only network e ects, but also repeated inter-action. We often observe that the platform that was dominant in the recent past has the advantage of customers favorable expectations in that customers expect that today the plat-form will be successful in also attracting other customers. WebThe concept of focality is useful for modeling platform competition when the presence of network effects results in multiple equilibria for a certain set of prices. We illustrate how … china women cork slippers