Andrei Hagiu
@theplatformguy
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Associate Professor at the Boston University Questrom School of Business. Expert on platform businesses. https://t.co/PRtXfZpSeI
Joined March 2009
Does @ChatGPTapp have $300B worth of network effects? Not right now - the network effects are quite weak. But they could become a lot stronger if @OpenAI.turns @ChatGPTapp into a platform similar to iOS/App Store.
hbr.org
ChatGPT’s success to date has generated a debate about whether it could harness network effects to dominate the market for the type of generative AI product known as large language models (LLMs). Its...
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New paper “AI and Competition Policy” forthcoming in IJIO. Will AI be dominated by a few firms? How will AI affect the market structure for existing sectors? What “traditional” competition policy issues arise with AI and what novel issues does AI raise?.
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Column for the Korea Herald on #GenerativeAI and competitive advantage.
biz.heraldcorp.com
Generative AI, which includes chatbots such as ChatGPT, have exploded over the past year.[AFP]Generative AI is a powerful tool that businesses can use to make t
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RT @InfoEcon: The agenda for the premier Platform Strategy summit is posted. Pls join us July 16 to see top tier research .
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My new @HarvardBiz article with Julian Wright on how to evaluate defensibility and upside potential for marketplaces. Available online now, will be in the July-August magazine issue. Please share with your marketplace entrepreneur and investor friends! .
hbr.org
Marketplaces are the quintessential type of business that can profit from network effects: The greater the number of buyers who join one, the more attractive it becomes to sellers, and vice versa....
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RT @marketplaceshq: Miss our group chat with @theplatformguy earlier this week?. This was a great chat where we did a deep dive into topics….
everythingmarketplaces.com
Recording of the Everything Marketplaces Group Chat #160 (5/21) with Andrei Hagiu, Associate Professor at Boston University.
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Then a pro I didn't hire let me know that my reply cost him $25. @Thumbtack never told me that my replies would cost the pros, but did encourage me to reach out to multiple pros. That seems like blatantly misaligned incentives on their part and not fair to the pros.
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I post the job, each pro can send me first message for free. If I reply to the message, the pro gets charged the referral fee. I didn't know, so replied to all pros that responded to let them know I already hired one of them (basic courtesy in my mind).
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Used @Thumbtack to hire a plumber and realized there is a design/pricing issue that seems unfair to pros. Here is my understanding of how it works (please correct me if I'm wrong):.
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Less than three weeks to vote for this (if you think the article is worthy).
Article with Julian Wright "Data-enabled learning, network effects and competitive advantage" has been nominated for the #AntitrustWritingAwards2024.If you think it worthy, please don't hesitate to vote for it (one click and no login required) .#AWA2024 .
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New paper in Management Science on how much discovery #platforms should enable. Making it easier for buyers to discover sellers leads to more transactions, but it also commoditizes sellers. So LESS discovery may sometimes be more attractive to sellers.
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RT @InfoEcon: Call for papers on platforms. Deadline April 21. See @g2parker @AnnabelleGawer @pevans_c @benedicteva….
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Article with Julian Wright "Data-enabled learning, network effects and competitive advantage" has been nominated for the #AntitrustWritingAwards2024.If you think it worthy, please don't hesitate to vote for it (one click and no login required) .#AWA2024 .
awards.concurrences.com
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RT @AndreyFradkin: We wrote a short piece about the economics of the FTC's case against Amazon. Curious to hear your thoughts:. https://t.co….
hbr.org
Regulators in the United States and Europe have been taking on Big Tech, challenging what they say are the companies’ anti-competitive and predatory strategies that harm consumers and third-party...
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New @HarvardBiz article on #GenerativeAI and competitive advantage, with Scott Cook & Julian Wright. Feedback and examples of particularly good/creative implementations of gen AI by established companies most welcome.
hbr.org
By making it vastly easier and cheaper to improve or create products and services that previously required significant human labor and creativity, generative AI has the potential to disrupt or even...
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RT @InfoEcon: Do you have a platform challenge? #Strategy #Launch? #Monetization? #OpenInnovation? Student teams will produce a 25-page sol….
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@amazon What am I missing here? These seem like pretty egregious factual errors to make in a serious lawsuit. (4/4).
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@amazon 2) Since April 2022, Amazon allows sellers to display the Prime badge even when selling OUTSIDE Including when selling on their own Shopify-powered websites.See And (3/4).
cnbc.com
Buy with Prime enables third-party retailers to take advantage of Amazon's vast shipping and fulfillment network for orders placed on their own site.
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