Versatile Stochastic Two-Sided Platform Models

08/15/2022

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by   Song-Kyoo Kim, et al.

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This paper deals with the alternative mathematical modeling of the two-side platform. Two-sided platforms are specific multi-sided platforms that bring together two distinct but interdependent groups of customers. Although there are several researches to use mathematical models to describe multi-sided platform, the stochastic modeling by adapting various innovative mathematical methods including the first exceed theory and the pseudo-stochastic game theory has been applied for describing a two-sided platform more properly. The paper including how this incredible analytical model could be possibly applied into real world cases.