
Platform Classics: Foundational works on the Economics of Networks
Talking about Platforms
Navigating Compatibility and Market Dynamics
This chapter delves into the complexities of market dynamics, particularly how a firm's choice to create an adapter influences strategic behaviors among competitors. It addresses the challenges of free rider issues and emphasizes the critical need for policymakers to find a balance between fostering compatibility and stimulating innovation.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.