Digital Public Goods

Precisely how does the online world provide public goods? That is the question for this column. Public goods in the digital world contain some of the same features as those in the offline world. Yet, there are some key differences in the boundaries between public and private, and that shapes what arises and what does …

Differentiated Platforms

Differentiation is a standard concept for analyzing competition. It describes a common situation, where one firm develops the ability to serve one type of customer in a market—say, buyers who will pay a lot to save time—while a competing firm serves another—say, budget-conscious buyers who are patient. Differentiation can describe common competitive behavior in technology …