Contractual Arrangements Between Providers and Consumers of Digital Technologies in Space Industry

Abstract

Currently, almost all spheres of human activity are being transformed under the influence of information and telecommunication technologies. The development of the world space market contributes to the emergence of new market segment of the digital technologies and services provision. In order to ensure and develop a clear digital economy infrastructure, it is necessary also to optimize the interaction of market participants in the sphere of space activities. The purpose of the research is to develop an economic model of formation of contract optimal parameters for interaction between the providers and consumers of digital technologies in space industry and to give an overview of the satellite services market state. Accounting the contract nature of space market participants interaction, we apply the basic principles of the contract theory. We present a model of interaction between providers and digital services consumers, which allows to align the interests of each side of contract. We consider the model in terms of symmetric and asymmetric information. We find the optimal menu of contracts that maximizes provider’s profit.