Firm-Market equivalency : determinants and effects on industry dynamics
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.
Domaines
Economies et financesOrigine | Fichiers produits par l'(les) auteur(s) |
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