Many if not most markets with network externalities are two-sided. To succeed, platforms in
industries such as software, portals and media, payment systems and the Internet, must “get …

… Tirole begins with a background discussion of the theory of the firm. In Part I he develops …
In Part II, Tirole takes up strategic interaction between firms, starting with a novel treatment of …

We provide a roadmap to the burgeoning literature on two‐sided markets and present new
results. We identify two‐sided markets with markets in which the structure, and not only the …

We develop a theory of prosocial behavior that combines heterogeneity in individual altruism
and greed with concerns for social reputation or self-respect. Rewards or punishments (…

… Jean Tirole builds his landmark book around a single model, using an incentive or
contract … Tirole conveys the organizing principles that structure the analysis of today's key …

Based on their pathbreaking work in the application of principal-agent theory to questions of
regulation, Laffont and Tirole develop a synthetic approach, with a particular, though not …

… case considered in this paper; see Laffont and Tirole 1984). The output is not marketed by
… In an earlier draft (Laffont and Tirole 1984), we solved for the optimal regulatory policy for a …

We study an incentive model of financial intermediation in which firms as well as
intermediaries are capital constrained. We analyze how the distribution of wealth across firms, …

This paper develops a theory of the allocation of formal authority (the right to decide) and real
authority (the effective control over decisions) within organizations, and it illustrates how a …

There has been a recent surge of interest in open source software development, which
involves developers at many different locations and organizations sharing code to develop and …