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The platform economy has experienced rapid growth, disrupting traditional business models and contributing significantly to the global economy. [2] Platform businesses are characterized by their reliance on network effects, where the platform's value increases as more users join. This has allowed many platform companies to scale quickly and ...
This model of capitalism has emerged and expanded with the rise of the Internet and digital technologies, transforming various sectors of the economy from retail and transportation to media and labor markets. [1] [2] Four main facets of platform capitalism are: crowdsourcing, sharing economy, gig economy and platform economy.
The concept of Digital Business Ecosystem was put forward in 2002 by a group of European researchers and practitioners, including Francesco Nachira, Paolo Dini and Andrea Nicolai, who applied the general notion of digital ecosystems to model the process of adoption and development of ICT-based products and services in competitive, highly fragmented markets like the European one [8] [9].
A key issue in the economics of digitization is the economic value of Internet-based services. The motivation for this question is two-fold. First, economists are interested in understanding digitization related policies such as network infrastructure investment and subsidies for Internet access.
The Platform Canvas is a conceptual framework designed to explain the mechanisms of multi-sided platform organizations, and how they create, capture, and deliver value in the platform economy. [1] Multi-sided platforms, also called two-sided markets , like Amazon , Uber and Airbnb , create value primarily by facilitating direct interactions ...
A two-sided market, also called a two-sided network, is an intermediary economic platform having two distinct user groups that provide each other with network benefits. The organization that creates value primarily by enabling direct interactions between two (or more) distinct types of affiliated customers is called a multi-sided platform. [1]
The term digital economy came into use during the early 1990s. For example, many academic papers were published by New York University’s Center for Digital Economy Research. The term was the title of Don Tapscott's 1995 book, The Digital Economy: Promise and Peril in the Age of Networked Intelligence.
A digital platform is a software-based online infrastructure that facilitates user interactions and transactions.. Digital platforms can act as data aggregators to help users navigate large amounts of information, as is the case with search engines; as matchmakers to enable transactions between users, as is the case with digital marketplaces; or as collaborative tools to support the ...