Competition Policy for the Matchmaker Economy: Insights from the New Economics of Multisided Platforms
Free Public Lecture
Woodward Conference Centre
185 Pelham Street
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The 9th Annual Baxt lecture
Matchmakers operate platforms that enable different types of participants, such as drivers and passengers in the case of Uber, to connect and exchange value. These types of businesses have been around for millennia but have become much more common and important as a result of technological change.
Several of the largest companies in the world, such as Apple, Google, and Facebook, follow this business model, as do many of most valuable startups, such as Uber and Airbnb.
The new economics of multisided platforms provides important insights into competition policy for these businesses. Competition authorities and courts have already incorporated some of the new learning into their analyses.
After providing an overview of the economics of matchmakers this event will examine outstanding issues on how to define markets, analyse competitive effects, and reduce false positive and negative findings for platform-based industries. Its timing is significant given the current global debate about the impact of platforms on competition in various markets and in Australia, particularly so in light of the inquiry being conducted by the Australian Competition and Consumer Commission into digital platforms.
David Evans is one of the world’s leading authorities on the economics of multi-sided platforms and he is the co-author of the widely acclaimed book on the topic, Matchmakers: The New Economics of Multisided Platforms.