Information management and pricing in platform markets

Bruno Jullien, Alessandro Pavan

Research output: Contribution to journalArticlepeer-review

9 Scopus citations

Abstract

We study platform markets in which the information about users' preferences is dispersed. First, we show how the dispersion of information introduces idiosyncratic uncertainty about participation decisions and how the latter shapes the elasticity of the demands and the equilibrium prices. We then study the effects on profits, consumer surplus, and welfare of platform design, blogs, forums, conferences, advertising campaigns, post-launch disclosures, and other information management policies affecting the agents' ability to predict participation decisions on the other side of the market.

Original languageEnglish (US)
Pages (from-to)1666-1703
Number of pages38
JournalReview of Economic Studies
Volume86
Issue number4
DOIs
StatePublished - Jul 1 2019

Keywords

  • Design
  • Dispersed information
  • Global games
  • Information management
  • Informative advertising
  • Market ignition
  • Platform markets

ASJC Scopus subject areas

  • Economics and Econometrics

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