Retailer-Led Marketplaces

The authors thank the journal’s editors and three anonymous referees for suggestions that helped to improve this paper. The authors also thank Leslie Marx, Jorge Padilla, Martin Peitz, and Patrick Rey for insightful discussions and helpful comments, as well as seminar participants at UPF, Toulouse ICT conference, Tel Aviv University, European University Institute, Bonn-Berlin Microeconomics seminar, Bocconi University, CEPR VIO seminar, EARIE conference, Mannheim Platforms workshop, Ashoka Economics conference, European Commission DG for Competition, BECCLE conference, CRESSE conference, ZEW ICT conference, UEA Digital Economics workshop, Bergamo Winter Symposium, UIB, and Bayes.