> Platforms

Fordist Business Model

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Post-Fordist Business Model
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Platform Business Model
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Facebook as Intermediary
Platform Business Model
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App Store as Infrastructure
Benefits of Platforms
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Platform Capitalism
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> Platform
Monopolies
What is a Monopoly?
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Market Power
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Market Power
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Competitive Markets
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Monopoly Markets
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> What Creates
Monopolies?
Economies of Scale
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Impact on Competition
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Economies of Scope
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Network Effects
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Direct Network Effects
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Indirect Network Effects
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Uber’s Network Effects
Data Barriers
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Path Dependency
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Path Dependency
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UK Market Share (Two Leading Firms)
UK Time Spent Online (Minutes)
Cloud Computing Market Share (2018)
> The Impact of
Monopolies
> Impacts on Prices
Price Myopia
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Monopoly Rents
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US Average Markup (1960-2014)
Growing Markups
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Zero Price
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“Free”
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The Other Side
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> Impacts on Innovation
Why Innovate?
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R&D Expenditures
Acquisitions (2008-2018)
“Kill Zones”
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> Impacts on Politics
Beyond Price
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US Lobbying (Quarterly)
Uber Lobbying Drivers
Funding Supportive Research
Funding Supportive Research
Too Big to Fail
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> Three Ways
Forward
A Sea Change
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> Interoperability and
Data Portability
Taking Another Path
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Interoperability and Portability
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Interoperability
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Data Portability
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Data Portability
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Limits
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> Breaking Up
Monopolies
Break Up
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Break Up Facebook?
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Limits
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> Regulating as Public
Utilities
Accepting Monopolies
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Digital Public Utilities
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Public Utility Regulations
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References
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References
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Next Week