Digital Platform Business Systems Reshaping the Business World
Available Online 15 December 2021.
- 10.2991/assehr.k.211209.204How to use a DOI?
- digital platform; business model; critical mass; indirect network effect; scale economy
In a traditional market, having multiple prices on the same good or service is common because of geographical barriers, information asymmetry, transportation costs, and other limitations. However, platform-type companies have the potential to break these barriers by connecting numerous consumers and producers, stabilizing the market price at equilibrium, and challenging the traditional economic theories. This type of business model gained popularity quickly in the recent decades and grew at a conspicuous speed due to new technologies and innovations. In this paper, empirical analysis on the platform system’s fundamental components, efforts to maintain balance, and stages of growth are presented along with relevant case studies.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Anna Cui PY - 2021 DA - 2021/12/15 TI - Digital Platform Business Systems Reshaping the Business World BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 1264 EP - 1269 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.204 DO - 10.2991/assehr.k.211209.204 ID - Cui2021 ER -