Utility Analysis of API Economy Based on Multi-Sided Platform Markets Model

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<a href="https://publications.waset.org/abstracts/search?q=Satoshi%20Imai"> Satoshi Imai</a>, <a href="https://publications.waset.org/abstracts/search?q=Toru%20Katagiri"> Toru Katagiri</a>, <a href="https://publications.waset.org/abstracts/search?q=Motoyoshi%20Sekiya"> Motoyoshi Sekiya</a> </p> <p class="card-text"><strong>Abstract:</strong></p> API (Application Programming Interface) economy, where many participants join/interact and form the economy, is expected to increase collaboration between information services through API, and thereby, it is expected to increase market value from the service collaborations. In this paper, we introduce API evaluators, which are the activator of API economy by reviewing and/or evaluating APIs, and develop a multi-sided API economy model that formulates interactions among platform provider, API developers, consumers, and API evaluators. By obtaining the equilibrium that maximizes utility of all participants, the impact of API evaluators on the utility of participants in the API economy is revealed. Numerical results show that, with the existence of API evaluators, the number of developers and consumers increase by 1.5% and the utility of platformer increases by 2.3%. We also discuss the strategies of platform provider to maximize its utility under the existence of API evaluators. <iframe src="https://publications.waset.org/abstracts/121189.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=API%20economy" title="API economy">API economy</a>, <a href="https://publications.waset.org/abstracts/search?q=multi-sided%20markets" title=" multi-sided markets"> multi-sided markets</a>, <a href="https://publications.waset.org/abstracts/search?q=API%20evaluator" title=" API evaluator"> API evaluator</a>, <a href="https://publications.waset.org/abstracts/search?q=platform" title=" platform"> platform</a>, <a href="https://publications.waset.org/abstracts/search?q=platform%20provider" title=" platform provider"> platform provider</a> </p> <a href="https://publications.waset.org/abstracts/121189/utility-analysis-of-api-economy-based-on-multi-sided-platform-markets-model" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/121189.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">191</span> </span> </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/WASET-16th-foundational-anniversary.pdf">WASET celebrates its 16th foundational anniversary</a></li> </ul> </div> <div 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Utility Analysis of API Economy Based on Multi-Sided Platform Markets Model