Transforming Competitiveness by Introducing Digital Platforms

The purpose of the proposed paper is to study the specific factors shaping the benefits of information platforms as an innovative institutional form and model of doing business. Active dissemination of the business model of online platforms radically transforms the competitive landscape of the market environment. The task of determining the sources and mechanisms for studying the changes that are taking place is being updated. New areas of competition include competition between hierarchical and network structures, between global «structuring» platforms, competition in dominant platform ecosystems, the interaction between platforms operating in competitive markets, competition between organizers and users, and between platform users. The impact of platforming on cross-industry, regional and international competition is determined. The sources of competitive advantages of platforms are investigated. These include reliance on data as the main factor of production, changing the cost structure of entering the market; the possibility of building large-scale networks, niche specialization, combining the effects of increasing the scale of production and demand, multihoming, multi productivity, network effects. Cite this paper: Nosova, Olga; Lypov, Volodymyr (2021). "Transforming Competitiveness by Introducing Digital Platforms" Journal of World Economy: Transformations & Transitions (JOWETT) 1(03):11. DOI: https://doi.org/10.52459/jowett13111221