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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 ...
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 ...
Platform capitalism is an economic and business model in which digital platforms play a central role in facilitating interactions, transactions, and services between different user groups, typically consumers and producers. This model of capitalism has emerged and expanded with the rise of the Internet and digital technologies, transforming ...
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 notion of digital labor on social media arise from the fact that most of the value of any social media platforms is created by the users. Therefore they can be considered as digital workers on the platform. On most platforms however this work remains unpaid. Some exceptions include video and music sharing platforms.
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]
Video game systems are an iconic example of platform ecosystems. Consoles need to launch with high-quality games. Since it is difficult to induce game developers to make games for a console that has not yet been widely adopted, most game console producers must produce games themselves (or subsidize their production) to ensure that high-quality games are available when the console launches.
The network economy is the emerging economic order within the information society. The name stems from a key attribute - products and services are created and value is added through social networks operating on large or global scales.
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