Regulating Powerful Platforms: Evidence from Commission Fee Caps

References

• Baker J, Rose N, Salop S, Scott Morton F (2019) Five principles for vertical merger enforcement policy. Antitrust 33(3):12–19.Google Scholar
• Bekkerman R, Cohen MC, Kung E, Maiden J, Proserpio D (2023) The effect of short-term rentals on residential investment. Marketing Sci. 42(4):819–834.Link, Google Scholar
• Bhargava HK, Wang K, Zhang X (2022) Fending off critics of platform power with differential revenue sharing: Doing well by doing good? Management Sci. 68(11):8249–8260.Link, Google Scholar
• Biggar D, Heimler A (2021) Digital platforms and the transactions cost approach to competition law. Indust. Corporate Change 30(5):1230–1258.Crossref, Google Scholar
• Cachon GP, Lariviere MA (2005) Supply chain coordination with revenue-sharing contracts: Strengths and limitations. Management Sci. 51(1):30–44.Link, Google Scholar
• Callaway B, Sant’Anna PHC (2021) Difference-in-differences with multiple time periods. J. Econometrics 225(2):200–230.Crossref, Google Scholar
• Chen MK, Rohla R (2018) The effect of partisanship and political advertising on close family ties. Science 360(6392):1020–1024.Crossref, Google Scholar
• Chen P, Wu S (2013) The impact and implications of on-demand services on market structure. Inform. Systems Res. 24(3):750–767.Link, Google Scholar
• Chen M, Hu M, Wang J (2022) Food delivery service and restaurant: Friend or foe? Management Sci. 68(9):6539–6551.Link, Google Scholar
• Evans DS (2012) Governing bad behavior by users of multi-sided platforms. Berkeley Technol. Law J. 27(2):1201–1250.Google Scholar
• Evans DS (2013) Attention rivalry among online platforms. J. Competition Law Econom. 9(2):313–357.Crossref, Google Scholar
• Evans DS, Schmalensee R (2005) The economics of interchange fees and their regulation: An overview. Conf. Interchange Fees in Credit and Debit Card Industries: What Role for Public Authorities? (Federal Reserve Bank of Kansas City, Kansas City, MO), 77–120.Google Scholar
• Evans DS, Schmalensee R (2013) The antitrust analysis of multi-sided platform businesses. NBER Working Paper No. 18783, National Bureau of Economic Research, Cambridge, MA.Google Scholar
• Feldman P, Frazelle AE, Swinney R (2023) Managing relationships between restaurants and food delivery platforms: Conflict, contracts, and coordination. Management Sci. 69(2):812–823.Link, Google Scholar
• Furnari C (2020) Without federal aid, 85% of independent restaurants could permanently close. Forbes (June 16), https://www.forbes.com/sites/chrisfurnari/2020/06/16/report-without-federal-aid-85-of-independent-restaurants-could-permanently-close/.Google Scholar
• Goldfarb A, Tucker C (2012) Shifts in privacy concerns. Amer. Econom. Rev. 102(3):349–353.Crossref, Google Scholar
• Gomes R, Mantovani A (2022) Regulating platform fees under price parity. Working Paper No. 1325, Toulouse School of Economics, Toulouse, France.Google Scholar
• Hadfield P (2020) Why food delivery companies may be doing more harm than good, and how restaurants can fix it. Forbes (May 4), https://www.forbes.com/sites/forbesfinancecouncil/2020/05/04/why-food-delivery-companies-may-be-doing-more-harm-than-good-and-how-restaurants-can-fix-it.Google Scholar
• Hagiu A, Wright J (2015) Marketplace or reseller? Management Sci. 61(1):184–203.Link, Google Scholar
• He S, Peng J, Xu L, Li J, Dai B (2020) The impact of platform owner’s entry on third-party stores. Inform. Systems Res. 31(4):1467–1484.Link, Google Scholar
• Ho Y-C, Ho Y-J, Tan Y (2017) Online cash-back shopping: Implications for consumers and e-businesses. Inform. Systems Res. 28(2):250–264.Link, Google Scholar
• Holland F, Reed JR (2020) DoorDash continues to lead in the food delivery wars. CNBC (November 21), https://www.cnbc.com/2019/11/21/doordash-continues-to-lead-in-the-food-delivery-wars.html.Google Scholar
• Hu M, Zhou Y (2020) Price, wage and fixed commission in on-demand matching. Preprint, submitted August 31, https://dx.doi.org/10.2139/ssrn2949513.Google Scholar
• Jacobides MG (2021) What drives and defines digital platform power? Evolution Ltd, Limassol, Cyprus.Google Scholar
• Jacobides MG, Lianos I (2021) Ecosystems and competition law in theory and practice. Indust. Corporate Change 30(5):1199–1229.Crossref, Google Scholar
• Jiang B, Jerath K, Srinivasan K (2011) Firm strategies in the ‘mid tail’ of platform-based retailing. Marketing Sci. 30(5):757–775.Link, Google Scholar
• Katz M, Shapiro C (1985) Network externalities, competition, and compatibility. Amer. Econom. Rev. 39(10):424–440.Google Scholar
• Krishnan H, Kapuscinski R, Butz DA (2004) Coordinating contracts for decentralized supply chains with retailer promotional effort. Management Sci. 50(1):48–63.Link, Google Scholar
• Mantovani A, Piga CA, Reggiani C (2021) Online platform price parity clauses: Evidence from the EU Booking.com case. Eur. Econom. Rev. 131:103625.Crossref, Google Scholar
• Meyer BD (1995) Natural and quasi-experiments in economics. J. Bus. Econom. Statist. 13(2):151–161.Crossref, Google Scholar
• Mitchell S (2016) Monopoly Power and the Decline of Small Business (Institute for Local Self-Reliance, Minneapolis).Google Scholar
• MorganStanley (2020) Can food delivery apps deliver profits for investors? https://www.morganstanley.com/ideas/food-delivery-app-profits.Google Scholar
• Painter M, Qiu T (2021) Political beliefs affect compliance with government mandates. J. Econom. Behav. Organ. 185:688–701.Crossref, Google Scholar
• Parker GG, Van Alstyne MW, Choudary SP (2016) Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You (W. W. Norton & Company, New York).Google Scholar
• Plambeck EL, Taylor TA (2005) Sell the plant? The impact of contract manufacturing on innovation, capacity, and profitability. Management Sci. 51(1):133–150.Link, Google Scholar
• Qiu L, Tang Q, Whinston AB (2015) Two formulas for success in social media: Learning and network effects. J. Management Inform. Systems 32(4):78–108.Crossref, Google Scholar
• Raj M, Sundararajan A, You C (2023) COVID-19 and digital resilience: Evidence from Uber Eats. Preprint, submitted January 18, https://dx.doi.org/10.2139/ssrn.3625638.Google Scholar
• Rochet J-C, Tirole J (2006) Externalities and regulation in card payment systems. Rev. Network Econom. 5(1):1–14.Google Scholar
• Sokol DD, Van Alstyne M (2021) The rising risk of platform regulation. MIT Sloan Management Rev. 62(2):6A–10A.Google Scholar
• Sun M, Zhu F (2013) Ad revenue and content commercialization: Evidence from blogs. Management Sci. 59(10):2314–2331.Link, Google Scholar
• Tremblay MJ (2023) The limits of marketplace fee discrimination. Preprint, submitted October 18, https://dx.doi.org/10.2139/ssrn.3729378.Google Scholar
• Wang Z (2016) Price cap regulation in a two-sided market: Intended and unintended consequences. Internat. J. Indust. Organ. 45:28–37.Crossref, Google Scholar
• Wen W, Zhu F (2019) Threat of platform-owner entry and complementor responses: Evidence from the mobile app market. Strategic Management J. 40(9):1336–1367.Crossref, Google Scholar
• Zhu F, Iansiti M (2012) Entry into platform-based markets. Strategic Management J. 33(1):88–106.Crossref, Google Scholar
• Zhu F, Li X, Valavi E, Iansiti M (2021) Network interconnectivity and entry into platform markets. Inform. Systems Res. 32(3):1009–1024.Link, Google Scholar