Maximizing Competition in the Case of Two-Sided Markets

A two-sided market refers to a type of economic transaction or network in which there are two distinct user groups and the demands of each group are both dependent and subject to economies of scale. In their paper, Two-Sided Markets: A Progress Report, Rochet & Tirole describe a two-sided market as one “in which the volume of transactions between end-users depends on the structure and not only on the overall level of the fees charged by th