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Aggregators Around us: the new Reality and Approaches to Research
 
PIIS086904990011495-6-1
Publication type Article
Status Published
Authors
Andrey Shastitko 
Occupation: Professor of Center, Head of Department
Affiliation:
Center for Research за Competition and Economic Regulation in the Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Moscow State Lomonosov University
Address: 84, build. 9, off. 1904, Vernadsky av., Moscow 119571. Russian Federation
Olga Markova
Occupation: MA in Economics
Affiliation: Lomonosov Moscow State University
Address: Leninsky gory, 1, Moscow, 119234. Russian Federation
Journal nameObshchestvennye nauki i sovremennost
EditionIssue 4
Pages5-15
Abstract

Due to the rapid development of digital economy and frequently emerged new players in the markets, information aggregators, there exists a need to determine what they are to limit the subject field of this concept. This work is an attempt to set a scope of information aggregators, highlight their functional relationship with intermediaries, platforms on two-sided (multi-sided) markets. The conducted research shows that the emergence of an aggregator on a two-sided market is possible when reducing average (per transaction) transaction costs, that reflects different ways to internalize positive indirect network externalities. Furthermore, the comparative advantages of aggregator emergence are closely connected with the type of goods exposed in the market.

Keywordstwo-sided (multi-sided) markets, indirect network externalities, platforms, transaction costs, digital economy, standardization
Received13.09.2020
Publication date17.08.2017
Number of characters781
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