Monday, October 13, 2014

Matthew Yglesias — One paper by Nobel Prize winner Jean Tirole that every internet user should know


Two-sided markets. Razor makers learned long ago to give away the razors and charge for the blades.

Then the issue is how to regulate against erection of entry barriers to create a monopoly when the product is essentially free and the profit is on the other side of the market. 

VOX
One paper by Nobel Prize winner Jean Tirole that every internet user should know
Matthew Yglesias

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