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Proprietary vs. Open Two-Sided Platforms and Social Efficiency
Two-Sided Markets Platforms Indirect Network Effects Product Variety Social Efficiency Two-Sided Platforms
2015/4/21
This paper identifies a fundamental economic welfare tradeoff between two-sided open platforms and two-sided proprietary (closed) platforms connecting consumers and producers. Proprietary platforms cr...
Interpreting the Asian Financial Crisis: Open Issues in Theory and Policy
Asian Financial Crisis Theory Policy
2009/9/1
This paper discusses the theoretical and policy debate on the crisis in
Southeast Asia. After contrasting competing interpretations of the crisis, the paper
presents stylized facts about fundamental...
The "Free and Open" "People's Market": Public Relations at the New York Stock Exchange, 1913-1929
"People's Market" Public Relations New York Stock Exchange
2010/10/8
In 1913, the New York Stock Exchange (NYSE) stumbled into public relations to counteract threats of regulation in “the public interest.” Transforming criticism into a legitimizing ideology,publicists ...