Brief Introduction
Citizenship: New Zealand
Degrees: PhD Stanford University 1996; BSc (Hons) University of Canterbury 1991
Lim Chong Yah Professor, Department of Economics (July 1, 2015 - present)
Co-Editor of International Journal of Industrial Organization
Singapore Competition Appeal Board member (Sept 1, 2019 - )
Energy Market Authority Board member (April 1, 2022- )
Energy Market Authority Licensing, Tariffs & Competition Committee member (May 17, 2021- )
Head of Department (July 1, 2012 - June 30, 2019)
LinkedIn: https://www.linkedin.com/in/wrighteconomics/
Website: https://www.WrightEconomics.com/
Research Interests
Multi-Sided Platforms
Industrial Organisation
Network Economics
Competition Policy
Publications
WORKING PAPERS AND WORK IN PROGRESS
- "Competitive bottlenecks and platform spillovers" (with Tat-How Teh)
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"Optimal discoverability on platforms" (with Andrei Hagiu)
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"Regulating platform fees" (with Chengsi Wang)
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"Documenting and Explaining the Dramatic Rise of the New Society Journals in Economics" (with John Ham and Ziqiu Ye)
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"Recommender systems and the value of user data" (with Gunhaeng Lee)
MULTI-SIDED PLATFORMS
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"Marketplace leakage" Management Science, forthcoming (with Andrei Hagiu)
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"Multihoming and oligopolistic platform competition" American Economic Journal: Microeconomics, forthcoming (with Tat-How Teh, Chunchun Liu and Junjie Zhou)
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"Data-enabled learning, network effects and competitive advantage" RAND Journal of Economics, forthcoming (with Andrei Hagiu)
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"Platform investment and price parity clauses" Journal of Industrial Economics, forthcoming (with Chengsi Wang)
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"Should platforms be allowed to sell on their own marketplaces?" RAND Journal of Economics, 53(2), Summer 2022, 297-327 (with Andrei Hagiu and Tat-How Teh)
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"Intermediation and steering: Competition in prices and commissions" American Economic Journal - Microeconomics, May 2022, 14(2), 281-321 (with Tat-How Teh)
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"Pricing distortions in multi-sided platforms" International Journal of Industrial Organization, December 2021 (102732) (with Hongru Tan)
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"Search platforms: Showrooming and price parity clauses" RAND Journal of Economics, 51(1), Spring 2020, 32–58 (with Chengsi Wang)
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"Creating platforms by hosting rivals" Management Science, 2020, Vol 66(7): 3234–3248 (with Andrei Hagiu and Bruno Jullien)
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"Platforms and the exploration of new products" Management Science, 2020, Vol 66(4): 1527–1543 (with Andrei Hagiu)
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"Why (don’t) firms free ride on an intermediary’s advice?" International Journal of Industrial Organization, 2019, Vol 64: 27-54 (with Bo Shen)
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"Controlling versus enabling" Management Science, 2019, Vol. 65(2): 577-595 (with Andrei Hagiu)
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"The status of workers and platforms in the sharing economy" Journal of Economics & Management Strategy, 2019, Vol. 28(1): 97-108 (with Andrei Hagiu) in Special Issue on Platforms
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"A price theory of multi-sided platforms: Comment" American Economic Review, 2018, Vol. 108(9): 2761-62 (with Hongru Tan)
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"Should platforms be allowed to charge ad valorem fees?" Journal of Industrial Economics, 2018, Vol 66(3): 739-760 (with Zhu Wang)
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"Ad-valorem platform fees, indirect taxes and efficient price discrimination" RAND Journal of Economics, 2017, Vol. 48: 467–484 (with Zhu Wang)
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"Payment card interchange fees and price discrimination" Journal of Industrial Economics, 2017, Vol. 65: 39-72 (with Rong Ding)
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"Price coherence and excessive intermediation" Quarterly Journal of Economics, 2015, Vol. 130: 1283-1328 (with Benjamin Edelman)
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"Multi-sided platforms" International Journal of Industrial Organization, 2015, Vol. 43: 162-174 (with Andrei Hagiu)
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"Marketplace or reseller?" Management Science, 2015, Vol. 61: 184–203 (with Andrei Hagiu)
- "Price Restrictions in Multi-sided Platforms: Practices and Responses." Competition Policy International, 2014, Vol. 10, Iss. 2 (with Benjamin Edelman)
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"The economics of payment cards" Review of Network Economics, 2014, Vol. 13: 303-353 (with Marc Rysman)
- "Do you really want to be an eBay?" Harvard Business Review, March 2013 (with Andrei Hagiu)
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"Why payment card fees are biased against retailers" RAND Journal of Economics, 2012, Vol. 43: 761-780.
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"Credit card interchange fees" Journal of Banking and Finance, 2010, Vol. 34: 1788-1797 (with Jean-Charles Rochet)
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"Why do merchants accept payment cards?" Review of Network Economics: Vol. 9, Iss. 3, Article 1.
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"Mobile call termination" Economic Journal, 2009, Vol. 119: 270-307 (with Mark Armstrong)
- "Two-Sided Markets" in The New Palgrave Dictionary of Economics, 2nd Edition, Larry Blume and Steven Durlauf (eds.), Palgrave Macmillan, 2008 (with Mark Armstrong)
- "Credit Card Industry" The New Palgrave Dictionary of Economics, 2nd Edition, Larry Blume and Steven Durlauf (eds.), Palgrave Macmillan, 2008 (with Victor Stango).
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"Two-sided markets, competitive bottlenecks and exclusive contracts" Economic Theory, 2007, Vol. 32, 353-380 (with Mark Armstrong)
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"Competing payment schemes" Journal of Industrial Economics, 2007, Vol. 55, 37-67 (with Graeme Guthrie)
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"Price Structure in Two-Sided Markets: Evidence from the Magazine Industry," International Journal of Industrial Organization, 2006, Vol. 24, 1-28 (with Ulrich Kaiser)
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"Multihoming and Compatibility," International Journal of Industrial Organization, 2006, Vol. 24, 45-67 (with Toker Doganoglu).
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"Interchange Fees in Various Countries: Developments and Determinants" Review of Network Economics, 2005, Vol. 4: 290 - 323 (with Stuart Weiner)
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"The Determinants of Optimal Interchange Fees in Payment Systems," Journal of Industrial Economics, 2004, Vol. 52: 1-26.
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"One-Sided Logic in Two-Sided Markets," Review of Network Economics, 2004, Vol. 3: 42-63.
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"Pricing in Debit and Credit Card Schemes," Economics Letters, 2003, Vol. 80: 305-309.
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"Optimal Card Payment Systems," European Economic Review, 2003, Vol. 47: 587-612.
APPLIED THEORY (GENERAL)
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"Real-time pricing and imperfect competition in electricity markets" Journal of Industrial Economics, 2020, 68(1), 93-135 (with Stephen Poletti)
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"The optimality of ad valorem contracts" Management Science, 2019, Vol 65(11), 5219-5233 (with Andrei Hagiu)
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"Signaling private choices" Review of Economic Studies, 2018, Vol. 85: 558–580 (with Younghwan In)
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"Loss-leader pricing and upgrades," Economics Letters, 2014, Vol. 122: 19-22 (with Younghwan In)
EXCLUSIVE DEALING
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"Exclusion via non-exclusive contracts" Canadian Journal of Economics, 2014, Vol. 47: 325-347 (with Aggey Semenov)
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"Exclusive dealing with network effects" International Journal of Industrial Organization, 2010, Vol. 28: 145-154 (with Toker Doganoglu)
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"Exclusive dealing and entry, when buyers compete: Comment" American Economic Review, 2009, Vol. 99: 1070-1081.
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"Exclusive dealing with imperfect downstream competition", International Journal of Industrial Organization, 2008, Vol. 26: 227-246 (with Jose Miguel Abito)
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"Naked exclusion and the anticompetitive accommodation of entry," Economics Letters, 2008, Vol. 98, 107-112.
COLLUSION
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"Punishment strategies in repeated games: Evidence from experimental markets," Games and Economic Behavior, 2013, Vol. 82 (November): 91-102.
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"Tacit collusion with price-matching punishments" International Journal of Industrial Organization, 2010, Vol. 28: 298-306 (with Yuanzhu Lu)
TELECOMMUNICATIONS
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"Mobile Call Termination" Economic Journal, 2009, Vol. 119: 270-307 (with Mark Armstrong)
- “The UK regulation of fixed-to-mobile termination” in Cases in European Competition Policy: The Economic Analysis, Cambridge University Press, 2009 (with Mark Armstrong).
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"Mobile Termination" Chapter 5 in Access Pricing: Theory and Practice. Ralf Dewenter and Justus Haucap (Eds.) Elsevier, Amsterdam (2007) (with Olivier Renard and Harley Thompson).
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"Pricing Access: Forward versus Backward Looking Cost Rules," European Economic Review, 2006, Vol. 50, 1767-1789 (with Graeme Guthrie and John Small)
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"Wireless Communications" Handbook of Telecommunications Economics, Volume 2. 2005. Martin Cave et al. (eds.) North Holland: Amsterdam. (with Joshua Gans and Stephen King).
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"Pricing access to Internet service providers," Information, Economics and Policy, 2004, Vol. 16: 459-473.
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"Network Interconnection with Participation Constraints," Information, Economics and Policy, 2004, Vol. 16: 347-373 (with Stephen Poletti).
- "Competition in telecommunications: an introduction," Information, Economics and Policy, 2004, Vol. 16: 315-321 (with Martin Peitz and Tommaso Valletti)
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"Asymmetric Network Interconnection," Review of Industrial Organization, 2003, Vol. 22: 27-46 (with Michael Carter).
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"Access Pricing under Competition: An Application to Cellular Networks," Journal of Industrial Economics, 2002, Vol. L(3): 289-315.
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"Bill and Keep as the Efficient Interconnection Regime?" Review of Network Economics, 2002, Vol 1: 54-60.
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"Peering and Settlement in the Internet: An Economic Analysis," Journal of Regulatory Economics, 2000, Vol. 18: 151-173 (with Iain Little)
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"Bargaining over Interconnection: The Clear-Telecom Dispute," The Economic Record, 1999, Vol. 75: 241-55 (with Michael Carter).
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"International Telecommunications, Settlement Rates, and the FCC," Journal of Regulatory Economics, 1999, Vol. 15: 267-291.
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"Interconnection in Network Industries," Review of Industrial Organization, 1999, Vol. 14: 1-25 (with Michael Carter).
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"Symbiotic Production: The Case of Telecommunication Pricing," Review of Industrial Organization, 1994, Vol. 9: 365-378 (with Michael Carter).
- "Optimal Telecommunication Tariffs and the CCITT," Telecommunication Journal, March 1992, 59 (with Michael Carter).
MONEY, BANKING AND FINANCE
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"The Optimal Design of Interest Rate Target Changes," Journal of Money, Credit and Banking, 2004, Vol. 36: 115-137 (with Graeme Guthrie).
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"Open Mouth Operations," Journal of Monetary Economics, 2000, Vol. 46: 489-516 (with Graeme Guthrie).
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"How do Firms choose their Lenders? An Empirical Investigation," Review of Financial Studies, 2000, Vol. 13: 155-189 (with Miguel Cantillo).
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"The Forward Premium Bias under Different Monetary Policy Environments," Briefing Notes in Economics, 2000, Vol. 48: 1-5 (with David Steele).
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"Testing the Expectations Theory of the Term Structure for New Zealand," New Zealand Economic Papers, 1999, Vol. 33: 93-114. (with Graeme Guthrie and Jun Yu)
- "Optimal Currency Denomination of Public Debt in New Zealand," New Zealand Economic Papers, 1997, Vol. 31: 137-151 (with Kerryn Fowlie).
- "Policy Credibility and Debt Management in a Small Open Economy," New Zealand Economic Papers, 1993, Vol. 27: 81-89 (with Paul Dalziel).
SUPPLEMENTARY MATERIALS FOR MY PAPERS
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Online Appendix: Multihoming and oligopolistic competition (with Tat-How Teh, Chunchun Liu and Junjie Zhou)
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"Online Appendix: Data-enabled learning, network effects and competitive advantage" (with Andrei Hagiu)
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"Online Appendix: Should platforms be allowed to sell on their own marketplaces?" (with Andrei Hagiu and Tat-How Teh)
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"Online Appendix: Controlling versus enabling" (with Andrei Hagiu)
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"Online Appendix: Should platforms be allowed to charge ad valorem fees?" (with Zhu Wang)
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"Online Appendix: Why (don’t) firms free ride on an intermediary’s advice?" (with Bo Shen)
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"Online Appendix: Signaling private choices" (with Younghwan In)
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"Online Appendix: Ad-valorem platform fees, indirect taxes and efficient price discrimination" (with Zhu Wang)
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"Supplementary Appendix. Punishment strategies in repeated games: Evidence from experimental markets"
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Supplementary Appendix to "Exclusive Dealing with Network Effects" (with Toker Doganoglu)
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"Supplementary Appendix for Tacit Collusion with Price-Matching Punishments" (with Yuanzhu Lu)
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"Technical Appendix to: Exclusive Dealing with Imperfect Downstream Competition," mimeo, National University of Singapore (with Jose Miguel Abito)
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Naked Exclusion and the Anticompetitive Accommodation of Entry: Two Examples
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Supplementary material: "Appendix for Multihoming and Compatibility"
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"The Determinants of Optimal Interchange Fees in Payment Systems," Supplementary Appendix.
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Supplementary material: "Competing Payment Schemes," NUS Working Paper No. 0311 (with Graeme Guthrie)
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Supplementary material: "Competing Payment Schemes," Working Paper No. 245. Department of Economics. University of Auckland (with Graeme Guthrie)
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"Interconnection in Network Industries," Supplementary Appendix.
CONFERENCE PAPERS
UNPUBLISHED (OLD) WORKING PAPERS
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"The Bilateral Negotiation of Interchange Fees in Payment Schemes" (with John Small)
- "Competition and Termination in Cellular Networks" Working Paper. Downloadable from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=201988
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The Optimal Public Debt Portfolios For Nine OECD Countries: A Tax Smoothing Approach (with Christian Hawkesby)