Hamilton Helmer: evaluation

Transcript context

…Right. Maybe they're just the one. That's why you would observe the economic structure of both scale economies and network economies. There's a deeper question there, which I haven't had an answer to. Is one of them the cause and the other is the effect, or are both of them causes for power? Right. I love the answer. I think she's right. When we look at platform things, there is the business of running the platform. Think of, for example, the fixed cost in Uber of their modeling and all that kind of stuff, and then there's the network economy aspects of a two-sided platform of people and so on. You could have power in either one of those. But if it turns out that there isn't a huge lump of fixed costs, then it doesn't matter much. But I think Chenyi got it right. Okay. We feel vindicated because that's the conclusion we came to on episode two of it's both and they're deeply intertwined.…

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