Upward pricing pressure in two-sided markets: Incorporating rebalancing effects

被引：0

作者：

Cosnita-Langlais, Andreea ^{[1
,2
]}

Johansen, Bjorn Olav ^{[3
]}

Sorgard, Lars ^{[4
]}

机构：

[1] Univ Paris Nanterre, Economix, UPL, CNRS, F-92000 Nanterre, France

[2] CNRS, EconomiX, F-92000 Nanterre, France

[3] Univ Bergen, Dept Econ, Bergen, Norway

[4] Norwegian Sch Econ, Dept Econ, Bergen, Norway

来源：

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION | 2021年 / 74卷 / 74期

关键词：

Merger assessment; Two-sided markets; Upward Pricing Pressure; MERGERS;

D O I：

10.1016/j.ijindorg.2020.102692

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In two-sided markets it is important to consider rebalancing effects following a merger, i.e. the impact of a change in margin on one side of the market, either due to a price change or to efficiency gains, on the pricing incentives on the other side. We propose modified versions for the indices of pricing pressure (UPP and GUPPI) that take this into account. We show that in two-sided markets where the cross-group externalities are positive the upward pricing pressure will typically be overstated if the rebalancing effect is ignored. Our approach explains why competition agencies should look at both sides of the market when assessing platform mergers. (C) 2020 Elsevier B.V. All rights reserved.

引用

页数：11

共 34 条

[1] UPWARD PRICING PRESSURE IN TWO-SIDED MARKETS (vol 123, pg F505, 2013) [J].