Firm/Market Equivalency: Determinants and Effects on Industry Dynamics
TELECOM Ecole de Management
Telecom Business School
October 18, 2011
Today's firm is a complex nexus of interactions, which it facilitates and regulates; it supports market activity by providing the participants with basic resources. Market failures form the foundation of this phenomenon; they create business opportunities that firms address through market support strategy. The concept of firm/market equivalency introduced here integrates an economics and a management strand of literature: multi-sided markets and business ecosystems & platforms. We address firm/market equivalency through concepts of interactions and gravity, i.e. density of firm's external interactions. We then apply these concepts to a case study and discuss implications of firm/market equivalency for antitrust policy.
Number of Pages in PDF File: 23
Keywords: firm/market equivalency, multi-sided markets, platforms, gravity
JEL Classification: L10, L22working papers series
Date posted: October 20, 2011
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo8 in 0.297 seconds