COMPETITION IN THE INFORMATION MARKET: MONOPOLY TRENDS AND THE DIGITAL PLATFORM ECONOMY

Durdonaxon Mo‘ydinjonova; Ibrohim Ismanov

doi:10.5281/zenodo.21289573

COMPETITION IN THE INFORMATION MARKET: MONOPOLY TRENDS AND THE DIGITAL PLATFORM ECONOMY

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Durdonaxon Mo‘ydinjonova
Ibrohim Ismanov

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https://doi.org/10.5281/zenodo.21289573

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two-sided markets; platform economics; Rochet–Tirole model; digital antitrust; Uzbekistan; competition policy; tipping markets.

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This article examines whether Uzbekistan’s competition-policy architecture can adequately address concentration
in multi-sided digital markets. Employing the Rochet–Tirole two-sided platform model and Schmalensee’s analysis
of single- and multi-homing, the study shows that conventional tools — the Herfindahl–Hirschman Index, the standard
Lerner Index, and the SSNIP test — misstate market power when consumer-facing prices are zero. Using UNDP and
MEF structural data and case evidence from Uzum Market, Yandex Go/Eats, and the Payme–Click–TBC Bank cluster, the
paper demonstrates that Uzbek platforms apply asymmetric, elasticity-proportional pricing consistent with the generalized
Rochet–Tirole Lerner formula.

Биографии авторов

Durdonaxon Mo‘ydinjonova

Student, Fergana state technical university

Ibrohim Ismanov

Doctor of Economic Sciences, Fergana State Technical University

Библиографические ссылки

Resolution of the Cabinet of Ministers of the Republic of Uzbekistan № 256 dated May 1, 2024 “On the approval

of regulatory legal acts on antimonopoly regulation in commodity and financial markets” // URL: https://lex.uz/en/

docs/6907023

Dentons. (2025). Uzbekistan’s digital overhaul: Digital platforms regulation. https://www.dentons.com/en/insights/

articles/2025/may/14/uzbekistan-digital-platforms-regulation

Law of the Republic of Uzbekistan No. LRU-850 dated July 3, 2023 “On Competition” // URL: https://lex.uz/ru/

docs/6906855

Competition Promotion and Сonsumer protection Committee of the Republic of Uzbekistan (2026). Antitrust Regulation

of Digital Platform Operators: International Experience, Emerging Trends, and Recommendations for the Republic

of Uzbekistan // URL: https://raqobat.gov.uz/en/antitrust-regulation-of-digital-platform-operators-international-experienceemerging-

trends-and-recommendations-for-the-republic-of-uzbekistan/

Rochet, J.-C., & Tirole, J. (2003). Platform competition in two-sided markets. Journal of the European Economic

Association, 1(4), 990–1029.

Rochet, J.-C., & Tirole, J. (2004). Two-sided markets: An overview. IDEI Working Paper, Toulouse University https://

web.mit.edu/14.271/www/rochet_tirole.pdf

Schmalensee, R. (2014). An instant classic: Rochet & Tirole, platform competition in two-sided markets. Competition

Policy International, 10(2), 175–180.

United Nations Development Programme & Ministry of Economy and Finance of the Republic of Uzbekistan. (2025).

Digital economy of Uzbekistan: The state of digital entrepreneurship and artificial intelligence. UNDP Uzbekistan.

KPMG Valuation and Consulting LLC. (2024). B2C payments, POS financing and BNPL in Uzbekistan

COMPETITION IN THE INFORMATION MARKET: MONOPOLY TRENDS AND THE DIGITAL PLATFORM ECONOMY

COMPETITION IN THE INFORMATION MARKET: MONOPOLY TRENDS AND THE DIGITAL PLATFORM ECONOMY

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Биографии авторов

Durdonaxon Mo‘ydinjonova

Ibrohim Ismanov

Библиографические ссылки

Загрузки

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