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4min chapter
Platforms and Power (with Hamilton Helmer and Chenyi Shi)
Acquired
How to Analyze the Power of a Platform?
Each form we've tried to do a case steady on the industry, economics different. There're so many idiosyncratic characteristics that impact the equilibrium state. The first question is what's going on here economically? Who's gaining and where's the money right? And so i'll give you an example in ober. By having more drivers and more passengers, it makes it possible for ober to develop more efficient route structures. It doesn't change how long it takes to do the drive but it does change how much time you have to wait before your next ride.
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