Industry dynamics in digital markets

Abstract

With the diffusion of digital technologies, digital markets are gaining prominence. The industry dynamics in these markets are shaped by the interaction of three phenomena: the emergence of new business models, the relevance of network effects, and the possibility to cheaply collect and use data about market participants. This special issue enriches our understanding of these dynamics by investigating the three above-outlined phenomena from various perspectives. In this introductory essay, we summarise the contributions of the eight papers hosted in the issue and outline future research avenues.