Every summer my wife and I take the children west to experience nature at its grandest. Though these trips are designed to foster “quality family time,” invariably they teach us about more about ourselves than merely about nature. In previous posts I have used these trips to learn something new about the role of information …
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 …

