Platforms and industrial change

Research output: Contribution to journalArticleScientificpeer-review

Researchers

Research units

  • University of California at Davis
  • Etlatieto Oy
  • Avance Attorneys Ltd
  • University of California at Berkeley

Abstract

Digital platforms are reorganising markets, restructuring the labour force, and redefining the scope of competition. These new intermediaries are transforming economic value creation, industrial structures, and innovative activity, all of which are about to undergo their biggest changes in the post-war era. Platforms have power over their ecosystem members, as algorithms mould users’ incentives to elicit particular responses. This raises the question of whether non-platform firms will be overpowered by the likes of Amazon and Google that have considerable advantages, such as massive data centres and the ability to cross-feed online traffic. The answer is conditional, but its existence puts pressure on the state to adopt an aggressive regulatory role. At this time, we do not have a framework for properly regulating platform businesses. This special issue examines how ecosystems created by platforms reorganise markets and how value creation and capture by incumbents and entrants is affected.

Details

Original languageEnglish
Pages (from-to)1-9
Number of pages9
JournalIndustry and Innovation
Publication statusPublished - 11 Apr 2019
MoE publication typeA1 Journal article-refereed

    Research areas

  • Digital platforms, ecosystems, industrial change, market power, technology adoption

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