Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104716
Authors: 
Peitz, Martin
Valletti, Tommaso
Year of Publication: 
2014
Series/Report no.: 
ZEW Discussion Papers 14-101
Abstract: 
Central features of today's electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two-sided business models that partly involve indirect revenue generation (such as advertising and data profiling), and a patchwork of regulated and unregulated segments of the market. This complexity requires a fresh look at the market forces shaping the industry and a rethinking of market definitions and of the assessment of market power. This article presents the state of play in European electronic communication markets, with a particular emphasis on the recent development of 'over the tops'. We also use a stylised model of an electronic communications market to draw some central lessons from economic theory and to elaborate on market definition and market power.
Subjects: 
telecommunications
OTT
relevant market
two-sided markets
market power
JEL: 
D82
L13
L41
L51
L86
L96
Document Type: 
Working Paper

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