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Communication Dans Un Congrès Année : 2012

Firm-Market equivalency : determinants and effects on industry dynamics

Elena de Vogeleer
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Denis Lescop
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Résumé

Today's firm is a complex nexus of interactions, which it facilitates and regulates; it supports market activity by providing participants with basic resources. Market failures form the foundation of this phenomenon; they create business opportunities that rms address through market support strategy.This paper explores the phenomenon of concurrent double function of firm : market creation and market support, through the concept of firm/market equivalency. We define firm/market equivalency as a platform-based cohort founded on mutually beneficial cooperative interactions between platform leader and firms-satellites, that gravitate towards the platform leader, subject to certain conditions. We address firm/market equivalency through its determinants (control and governance, capitalization, and interaction type). We then apply these concepts to a case study and discuss implications of firm/market equivalency for antitrust policy.
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Dates et versions

hal-02408568 , version 1 (13-12-2019)

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  • HAL Id : hal-02408568 , version 1

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Elena de Vogeleer, Denis Lescop. Firm-Market equivalency : determinants and effects on industry dynamics. ENEF 2012 : 9th European Network on the Economics of the Firm meeting, Sep 2012, Bologne, Italy. ⟨hal-02408568⟩
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