Platform Ecosystems: Co-Dependence, Scale, Design
Hemant K. Bhargava
Jerome and Elsie Suran Chair in Technology Management
Director, Center for Analytics and Technology in Society
Graduate School of Management
University of California Davis
Friday, Mar 18
11:00 am – 12:30 pm
In-person: 1810 Liacouras Walk, Room 420
I will discuss a couple of recent papers on platform economics, that aim to develop a highly general and extensible modeling architecture for analyzing the economics of platform ecosystems, specifically studying issues such as:
What factors govern the scale of the platform ecosystem? How are platform scale and power affected by: (i) Complementors’ production attributes? (ii) Platform’s economic + technical design, and strategic choices? (iii) Platform market structure? (iv) Nature of dependence between a platform and its complementors?
How does ecosystem structure influence distribution of power (and revenue) between platform and complementors?
How will ecosystem structure, and platform-complementor co-dependence, evolve?
The two papers provide the basic modeling infrastructure, applied to platforms that monetize through advertising and through user fees. I will then discuss how the models can be adapted to address questions related to platform power, revenue-sharing, and platform regulation.
Professor Hemant K. Bhargava is an academic leader in economic modeling and analysis of technology-based business and markets. He holds the Jerome and Elsie Suran Chair Professorship in Technology Management at UC Davis, and is the Director of the Center for Analytics and Technology in Society. His research focuses on decision analytics and how the distinctive characteristics of technology goods influences specific elements of operations, marketing, and competitive strategy, and the implications it holds for competitive markets and technology-related policy. He has examined deeply these issues in specific industries including platform businesses, information and telecommunications industries, healthcare, media and entertainment, and electric vehicles. He has published extensively in the top journals Management Science, Operations Research, Marketing Science, Journal of Marketing Research, Information Systems Research, INFORMS Journal on Computing, and Production and Operations Management. He is a Distinguished Fellow of the INFORMS Information Systems Society. He serves as Department Editor (Information Systems) for INFORMS’ flagship journal Management Science, and is on the Editorial Board of Marketing Science and other major journals. He co-founded the annual Theory in Economics of Information Systems workshop. He co-founded and was the first Academic Director of the UC Davis Master of Science in Business Analytics program, and previously served as Associate Dean at the Graduate School of Management. He was listed among the Global 100 Top Academic Data Leaders by Chief Data Officer magazine in 2020. He has received several research awards, including most recently the INFORMS Journal on Computing “Test of Time” award for his 2007 paper on search engines, a Best Paper Award at INFORMS CIST 2021 for his work on revenue-sharing in platforms, and a Research Excellence Gift by Google in 2017-18.