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

A French economist wins the Nobel in economics.  Matt Yglesias points to another paper written by the winner that discusses the economics of digital media:

But I think many people will be most interested in his 2002 paper “Platform Competition in Two-Sided Markets,” co-authored with Jean-Charles Rochet. Among other things, the paper offers a powerful explanation of why so many leading internet companies — most prominently Google and Facebook — don’t charge for their products.

via One paper by Nobel Prize winner Jean Tirole that every internet user should know – Vox.

 

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