Building U.S.-Indonesia Mutual Understanding Since 1994

USINDO Jakarta Open Forum: “Matchmakers : The New Economics of Multisided Platforms”, March 22, 2018

March 22, 2018 5:00 pm - 6:00 pm UTC+7

     

    are pleased to invite you to a Special Open Forum on:

    Matchmakers: The New Economics of Multisided Platforms 

    With

    Professor Richard Schmalensee

    The Howard W. Johnson Professor of Economics and Management Emeritus,

    MIT Sloan School of Management

     

    Moderator:

    Furyanto Jawoto

    GTech Asia

     

    Thursday, March 22, 2018

    17:00 – 18:00

    (Registration starts at 16:45) 

    As seats are limited, please RSVP to ensure confirmation of your seat. No walk-in entry, please.

    Venue:

    To be confirmed after RSVP


    Many of the most dynamic public companies, from Alibaba to Facebook to Visa, and the most valuable start-ups, such as Airbnb and Uber, are matchmakers that connect one group of customers with another group of customers. A plethora of matchmakers have emerged in countries around the world, including the US and Indonesia, and provide valuable services to the people in these countries. Economists call matchmakers multisided platforms because they provide physical or virtual platforms for multiple groups to get together. Dating sites connect people with potential matches, for example, and ride-sharing apps do the same for drivers and riders. Although matchmakers have been around for millennia, they’re becoming more and more popular—and profitable—due to dramatic advances in technology, and a lot of companies that have managed to crack the code of this business model have become today’s power brokers. Starting a matchmaker is one of the toughest business challenges, and almost everyone who tries to build one, fails.

    In their recently published book, Matchmakers : The New Economics of Multisided Platforms; Professor Richard Schmalensee and Professor David S. Evans, two US economists who were among the first to analyze multisided platforms and discover their principles, and who’ve consulted for some of the most successful platform businesses in the world, explain how matchmakers work best in practice, why they do what they do, and how entrepreneurs can improve their chances for success.

    Whether you’re an entrepreneur, an investor, a consumer, or an executive, your future will involve more and more multisided platforms, and Matchmakers—rich with stories from platform winners and losers—is the one book you’ll need in order to navigate this appealing but confusing world.

    GTech Digital Asia and Asia School of Business and MIT Sloan Management in cooperation with The United States-Indonesia Society (USINDO) are delighted to host Professor Richard Schmalensee, the Howard W. Johnson Professor of Economics and Management Emeritus, MIT Sloan School of Management and author of Matchmakers : The New Economics of Multisided Platforms in this Open Forum. Please join us for this insightful event.


    As seats are limited, please RSVP HERE, or email to usindojkt@usindo.org to ensure confirmation of your seat. No walk-in entry, please.


    Professor Richard Schmalensee is the Howard W. Johnson Professor of Economics and Management Emeritus at the Massachusetts Institute of Technology (MIT) and served for nine years as the John C Head III Dean of the MIT Sloan School of Management. He was a member of the President’s Council of Economic Advisers from 1989 through 1991 and served for 12 years as Director of the MIT Center for Energy and Environmental Policy Research.

    Professor Schmalensee is the author or co-author of 12 books and more than 120 published articles, and he is the author of Matchmakers : The New Economics of Multisided Platforms. His research has centered on industrial organization economics and its application to managerial and public policy issues, with particular emphasis on antitrust, regulatory, energy, and environmental policies.  He has served as a consultant to the U.S. Federal Trade Commission, the U.S. Department of Justice, and numerous private corporations.

    Professor Schmalensee is a Fellow of the Econometric Society and the American Academy of Arts and Sciences.  He was the 2012 Distinguished Fellow of the Industrial Organization Society.  He has served as a member Executive Committee of the American Economic Association and as a Director of the International Securities Exchange and other corporations.  He is currently a Director of the National Bureau of Economic Research, Chairman of the Board of Directors of Resources for the Future, and Co-Chairman of the Board of Governors of the newly established Asia School of Business, a business school established by Bank Negara in collaboration with the MIT Sloan School of Management in Kuala Lumpur, Malaysia.