This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2009-06-09 09:40:00",
"attribution": {
"en": "Prof. Barry Scholnick",
"fr": ""
},
"content": {
"en": "<p data-HoCid=\"1563128\" data-originallang=\"en\"> That's absolutely true. In fact, in economic literature they talk about many-sided markets. It doesn't have to be two. Two is just a simplification. Clearly, you would have in this situation multiple sides. As a simplification, the way I think of this game is between buyers and sellers. I would put together the banks, Visa, and MasterCard on the same side, as part of the platform. That's the key part. They are the middle people who try to bring together lots of buyers, who are consumers, and lots of sellers, who are retailers.</p>\n<p data-HoCid=\"1563129\" data-originallang=\"en\">The way I envisage the issue before you is to think about retailers, who are the sellers, and consumers, who are the buyers, and the platform. For me, that's the key word when I'm trying to think about this issue. How does the platform work? Whether or not there are multiple parties within the platform, I think that's quite obvious in this case. It's quite possible to have multiple-sided markets.</p>",
"fr": "<p data-HoCid=\"1563128\" data-originallang=\"en\">C'est tout \u00e0 fait juste. D'ailleurs, dans la litt\u00e9rature \u00e9conomique, on parle de march\u00e9s multifaces. Il ne sont pas n\u00e9cessairement bifaces. C'est plus simple de parler d'un march\u00e9 biface. Manifestement, dans le cas qui nous occupe, le march\u00e9 serait multiface. Par souci de simplicit\u00e9, je dirais que ce jeu se fait entre acheteurs et vendeurs. Je grouperais d'un c\u00f4t\u00e9 les banques, Visa et MasterCard. Ils jouent le r\u00f4le cl\u00e9. Ils sont les interm\u00e9diaires qui tentent de faciliter l'interaction entre de nombreux acheteurs, qui sont les consommateurs, et de nombreux vendeurs, qui sont les d\u00e9taillants.</p>\n<p data-HoCid=\"1563129\" data-originallang=\"en\">Dans le cadre de votre examen, je vous conseille de parler des d\u00e9taillants, qui sont les vendeurs, des consommateurs, qui sont les acheteurs, et de la plateforme. C'est pour moi le mot cl\u00e9 quand j'examine cette question. Comment fonctionne la plateforme? Qu'il y ait ou non des intervenants multiples sur cette plateforme m'appara\u00eet \u00e9vident dans ce cas. Il est tout \u00e0 fait possible d'avoir des march\u00e9s multifaces.</p>"
},
"url": "/committees/industry/40-2/24/prof-barry-scholnick-1/",
"politician_url": null,
"politician_membership_url": null,
"procedural": false,
"source_id": "2817072",
"document_url": "/committees/industry/40-2/24/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Findustry%2F40-2%2F24%2F"
}
}