| Abstract: | We need a robust theory to analyse the dynamics of new industrial organizations that are being created by the explosion of information technology. This paper sets out a new theoretical perspective and suggests a new empirical framework towards formulating such a theory. The new conceptual tools of analysis presented here include the "platform" as a key element of new market structures, "real options" analysis to deal with genuine uncertainty, and an understanding of a new form of competition that takes place among different platforms.
JEL Classification Numbers: L10, L12, L15, D81. |
